News Wire Services** New Energy Metals Announces Non-Brokered Private Placement of up to $1.8 Million
LC161214-1
#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
NEW ENERGY METALS ANNOUNCES NON-BROKERED
PRIVATE PLACEMENT OF UP TO $1.8 MILLION
NR19-05 April 29, 2019
Vancouver, B.C. – New Energy Metals Corp. ( "New Energy Metals " or the " Company")
(TSX.V:ENRG) (OTC:NEMCF) announces a non-brokered private place ment (the "Offering")
of up to 15,000,000 units (the "Units") at a price of $0.12 per Unit for gross proceeds of up to
$1,800,000. Each Unit will consist of one common share in the capital of the Company and two
one-half (½) of one common share purchase warrants (each half w arrant referred to as
½ Warrant A and ½ Warrant B, respectively; and collectively War rant A and Warrant B, are
referred to as the "Warrants").
Each whole Warrant A will entitle the holder thereof to purchas e one common share in the
capital of the Company at an exercise price of $0.20 per share for a period of 24 months from the
closing of the Offering. Each whole Warrant B will entitle the holder thereof to purchase one
common share in the capital of t he Company at an exercise price of $0.30 per share for a period
of 24 months from the closing of the Offering. In the event th e closing price of the Company's
common shares on the TSX Venture Exchange (the "TSXV") is equal to or greater than $0.50
(for the Warrant As) or $0.75 (for the Warrant Bs) per common s hare, respectively, for a
minimum of ten consecutive trading days commencing four months and one day after the closing
of the Offering, the Company may accelerate the expiry date of the Warrants by providing notice
to the holders thereof and, in such case, the Warrants will expire on the 30th day after the date on
which such notice is given by the Company.
The Company may pay finder's fees to arm's length parties that have introduced the Company to
subscribers participating in the Offering. All securities issu ed in connection with the Offering
will be subject to a four-month and one day hold period in Cana da, during which time the
securities may not be traded. The Offering is subject to TSXV and other regulatory approval.
The net proceeds from the Offering are intended to be used to f und exploration and development
of New Energy Metals' projects as well as for general corporate purposes.
None of the foregoing securities have been and will not be regi stered under the United States
Securities Act of 1933 , as amended (the "1933 Act") or any applicable state securitie s laws and
may not be offered or sold in the United States or to, or for t he account or benefit of, U.S.
persons (as defined in Regulation S under the 1933 Act) or pers ons in the United States absent
registration or an applicable exemption from such registration requirements. This press release
does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale
of the foregoing securities in any jurisdiction in which such o ffer, solicitation or sale would be
unlawful.
NR19-05 Continued 2 April 29, 2019
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About the Company
New Energy Metals is focused on the exploration and development of energy metals in Chile.
The Company's assets include the Cristal copper project located in northern Chile and several
prospective cobalt projects in Chile's past producing San Juan cobalt district.
On behalf of New Energy Metals Corp.
César López, President & CEO
T: 604.484-1232
E: [email protected] / W: www.newenergymetals.ca
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the
United States Private Securities Litigation Reform Act of 1995 . All statements, other than statements of historical
fact, included herein including, without limitation, the intended use of the proceeds received from the Offering, the
Company's expectation that it will be su ccessful in enacting its business plans, anticipated results from exploration
activities, and the anticipated business plans and timing of future activities of the Company, are forward-looking
statements. Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such as:
"believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may ", "should", "potential",
"scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future
events or results that may, could, would, might or will occur or be taken or achieve d. In making the forward-
looking statements in this news release, the Company ha s applied several material as sumptions, including without
limitation, that investor interest will be sufficient to clos e the Offering and the receipt of any necessary regulatory
approvals in connection with the Offering, including TSXV acceptance of same.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results,
performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors
include, among others, lack of investor interest in the Offe ring, actual results of exploration activities, requirements
for additional capital, future prices of precious metals, copper and cobalt, changes in general economic conditions,
changes in the financial markets and in the demand and market price for commodities, other risks of the mining
industry, the inability to obta in any necessary governmental and regulator y approvals (including TSXV acceptance
of the Offering), changes in laws, regulations and policies affecting mining operations, hedging practices, and
currency fluctuations, as well as those factors discussed under the heading "Risks and Uncertainties" in the
Company's most recent management's discussion and analysis and other filings of the Company with the Canadian
Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at
www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by
law, the Company undertakes no obligation to update any of the forward-looking information in this news release or
incorporated by reference therein.