Exploits Announces Dtc Eligibility of Its Common Shares Trading IN the United States and Amends Terms of Flow Through Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN
THE UNITED STATES
EXPLOITS ANNOUNCES DTC ELIGIBILITY OF ITS COMMON SHARES TRADING IN
THE UNITED STATES AND AMENDS TERMS OF FLOW THROUGH OFFERING
Vancouver, British Columbia – March 1 , 2021 - Exploits Discovery Corp. (“Exploits” or the
“Company”) (CSE: NFLD) (OTCQB: RNRRF) (FSE: 634 -FF) is pleased to announce that the
Company’s common shares are now eligible for electronic clearing and set tlement through the
Depository Trust Company (“DTC”) in the United States. The Company’s common shares are
traded on the OTCQB under the symbol “RNRRF”.
DTC is a subsidiary of the Depository Trust and Clearing Corporation, a United States company
that manages the electronic clearing and settlement of publicly traded companies. DTC services
reduces costs and accelerates the settlement process for investors and brokers trading Canadian
securities in the United States. The majority of United States securities trading companies rely on
DTC for their stock clearing and settlement services.
Michael Collins, President and CEO of Exploits commented, “DTC eligibility is a large step forward
for Exploits , reducing friction for US investors as we work to increase liquidity, broaden our
shareholder base and build a strong presence for the Company in the US capital markets.”
The Company also announces that, further to its news release dated February 25, 2021, it has
amended the terms of its Offering to include the issuance of up to 5,102,040 flow through units
(the “FT Units”) at a price of $0.49 per FT Unit . The FT Units will replace the previously stated
5,102,040 flow through common shares (the “Flow Through Shares”). Each FT Unit will be
comprised of one flow through common share and one share purchase warrant (a “Warrant”).
Each Warrant entitles the holder to purchase one non-flow through common share of the
Company at a price of $0.67 per share for a period of two years from the closing of the Offering.
If the closing price of the common shares of the Company is higher than $1.00 for a period of 20
consecutive trading days at any time after six months following the closing date, the Company
can accelerate the expiry date of the Warrants 30 days after the Company gives notice of such
acceleration.
The Company will continue to issue up to 3,333,333 non -flow through units at a price of $0.45
per unit.
Exploits has engaged Canaccord Genuity Corp. to act as its financial advisor for the Offering. Stock
issued through this financing will be subject to a hold period of four months and a day. Finder's
fees may be payable by Exploits in connection with the Offering.
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
All other terms of the Offering set out in the Company’s February 25, 2021 news release remain
the same.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and
development of mineral projects in Newfoundland, Canada. The Company currently holds the
Jonathan's Pond, Dog Bay, Mt. Peyton, Middle Ridge, True Grit, Great Bend a nd Gazeebow
projects which cumulatively cover an area of approximately 2,111 square kilometres.
All projects within Exploits’ portfolio lie within the Exploits Subzone.
Exploits believes that the Exploits Subzone, which runs 200 km from Dog Bay southwest to
Bay d'Espoir, has been neglected since the last major exploration campaigns in the 1980s. The
last 40 years have seen incremental advancements in the understanding of gold mineralization
in the camp. The sum of this knowledge is now coming together in discrete and effective
exploration models that have delivered discovery such as New Found Gold's 2019 discovery of
92.86 g/t Au over 19.0 metres near surface. The Exploits Subzone and GRUB regions have been
the focus of major staking and financing througho ut 2020, with increased exploration activities
forecasted in the area moving into 2021.
The team at Exploits, with significant local experience and knowledge, have studied the entirety
of the Exploits Subzone and picked individual land packages for staki ng or joint venture where
there is an opportunity for world class discoveries and mine development. Exploits intends to
leverage its local team and the larger shift in understanding and become one of the most
extensive explorers in the Exploits Subzone.
ON BEHALF OF THE BOARD
/s/ "Michael Collins "
President and CEO
For further information, please contact:
Michael Collins, CEO
Tel: (604) 681-3170
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in t he
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news
release.