Sentinel Closes Private Placement Financing of $500,000
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
NOT FOR DISTRIBUTION IN THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
SENTINEL CLOSES PRIVATE PLACEMENT FINANCING OF $500,000
Vancouver, British Columbia, September 21st, 2020 – Sentinel Resources Corp. (CSE:
SNL)(US OTC PINK: SNLRF) (“Sentinel” or the “Company ”) is pleased to announce that it
has closed its non -brokered private placement by issuing 2,000,000 units (“Units”) at a price of
$0.25 per Unit for gross proceeds of $500,000 (the “Financing”).
Each Unit consists of one common share of the Company and one share purchase warrant (each a
“Warrant”), with each Warrant entitling the holder to purchase one additional commons share for
a period of one year from the date of issue at an exercise price of $0.40 per share.
All securities issued under the Financing are subject to a four month and one day hold expiring
January 22, 2021. The Company paid finders fees totalling $15,750.
The proceeds of the financing will be used for general working capital purposes.
This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will
there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation
or sale would be unlawful, including the United States of America. The securities being offered as
part of the Financing have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly
may not be offered or sold in the United States except in compliance with the registration
requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to
available exemptions therefrom.
About Sentinel Resources
Sentinel Resources is a Canadian -based exploration company focused on the acquisition and
exploration of gold and silver projects with world -class potential. Its current portfolio includes
the Waterloo, Pass, and Little Bear projects in British Columbia. The Comp any’s guiding
principles are based on acquiring strategic exploration properties in mining -friendly jurisdictions
with historical mining industries, low-cost of entry or acquisition, and easy access to infrastructure
to minimize capital and operational cos ts in explorational periods. For more information, please
go to the Company’s website at www.sentinelexp.com.
Sentinel Resources Corp.
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
“Rob Gamley”
President and Chief Executive Officer
Corporate Inquiries:
Rob Gamley, President & CEO
Company Website: www.sentinelexp.com
Phone: 604-689-7422
Email: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance.
Sentinel cautions that all forward -looking statements are inherently uncertain, and that actual
performance may be affected by a number of material factors, many of which are beyond Sentinel's
control. Such factors include, among other things: risks and uncertainties relating to Sentinel's
limited operating history, ability to obtain sufficient financing to carry out its exploration and
development objectives on its mineral properties, obtaining the necessary permits to carry out its
activities and the need to comply with environmental and governmental regulations. Accordingly,
actual and future events, conditions and results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Sentinel undertakes no obligation to publicly
update or revise forward-looking information.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of
this news release.