Exploits Announces First Tranche Closing of Non-Brokered Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN
THE UNITED STATES
EXPLOITS ANNOUNCES FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE
PLACEMENT
Vancouver, British Columbia – March 15, 2021 - Exploits Discovery Corp. (“Exploits” or the
“Company”) (CSE: NFLD) (OTCQB: RNRRF) (FSE: 634-FF) is pleased to announce that it has closed
the first tranche of its non -brokered private placement announced on February 25 th and 26 th,
2021. The Company rais ed a total of $2,896,785 through the issuance of 1,353,744 units (the
“NFT Units”) at a price of $0.45 per NFT Unit and 4,668,571 flow through units (the “FT Units”) at
a price of $0.49 per FT Unit. Each NFT Unit is comprised of one common share and one sh are
purchase warrant. Each FT Unit is comprised of one flow through common share and one share
purchase warrant. Each warrant entitles the holder to purchase one common share of the
Company at a price of $0.67 per share for a period of two years expiring March 15, 2023. 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 paid $ 172,261.95 and issued 354,252 finder warrants. The finder warrants are
priced at $0.67 for a period of two years expiring March 15, 2023.
All securities issued are subject to a four month hold period expiring July 16, 2021.
The proceeds from the NFT Units will be used for exploration on the Company’s properties,
acquisition of additional properties, marketing and general working capital . The proceeds from
the sale of the FT Units will be used to incur qualifying expenditures on the Company’s properties.
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 and 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
#1100-595 Howe Street, Vancouver, BC, V6C 2T5
(+1) 604-681-3170
CSE: NFLD
in the camp. The sum of this knowledge is now coming together in discrete and eff ective
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 throughout 2020, with in creased 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 staking or joint vent ure 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 the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news
release.