Eskay Mining Corp Commences VTEM Airborne survey and Closes Non-Brokered Private Placement
1
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
NEWS RELEASE
FOR IMMEDIATE RELEASE: JUNE 12, 2018
Eskay Mining Corp Commences VTEM Airborne survey and
Closes Non-Brokered Private Placement
Toronto, June 12, 2018 – Eskay Mining Corp. (“Eskay” or the “Company”) (TSX-V:ESK)
(OTC-PK: ESKYF) (Frankfurt: KN7; WKN: A0YDPM) wishes to announce that, after delays
relating to weather conditions and equipment issues, its deep-imaging VTEM airborne
geophysical survey on its Corey Property, referred to in its press release dated May 11, 2018,
will be proceeding.
The Company also wishes to announce that it has closed the final tranche of its non-brokered
private placement offering with the sale of 200,000 working capital units (“WC Unit”) at a price
of $0.25 per WC Unit for proceeds of $50,000. The securities issued are subject to a statutory
four month hold period expiring on October 8, 2018. Each WC Unit comprises one (1) common
share of the Company and one (1) common share purchase warrant (a “WC Warrant”). Each
WC Warrant entitles the holder to acquire one (1) common share at a price of $0.40 until the
earlier of (i) June 7, 2020; and (ii) in the event that the closing price of the common shares on
the TSX Venture Exchange is at least $0.60 for ten (10) consecutive trading days, and the 10th
trading day (the “Final Trading Day”) is at least four (4) months from the Closing, the date
which is thirty (30) days from the Final Trading Day.
About Eskay Mining Corp:
Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in
Toronto, Ontario. Eskay is an exploration company focused on the exploration and development
of precious and base metals in British Columbia in a highly prolific, poly meta llic area known as
the Eskay Rift Belt located in the “Golden Triangle”, 70km northwest of Stewart, BC. The
Company currently holds mineral tenures in this area comprised of 177 claims (130,000 acres).
All material information on the Company may be found on its website at www.eskaymining.com
and on SEDAR at www.sedar.com.
For further information, please contact:
Mac Balkam T: 416 907 4020
President & Chief Executive Officer E: [email protected]
2
82 Richmond Street East
Toronto, ON M5C 1P1
T: 416 907 4020
W: eskaymining.com
Neither the TSX V enture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX V enture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statements: This Press Release contains forward -looking statements that
involve ris ks and uncertainties, which may cause actual results to differ materially from the
statements made. When used in this document, the words “may”, “would”, “could”, “will”,
“intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressio ns are
intended to identify forward -looking statements. Such statements reflect our current views with
respect to future events and are subject to risks and uncertainties. Many factors could cause our
actual results to differ materially from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such as actual results of current exploration programs, the general
risks associated wi th the mining industry, the price of gold and other metals, currency and
interest rate fluctuations, increased competition and general economic and market factors, occur
or should assumptions underlying the forward looking statements prove incorrect, actua l results
may vary materially from those described herein as intended, planned, anticipated, or expected.
We do not intend and do not assume any obligation to update these forward -looking statements,
except as required by law. Shareholders are cautioned not to put undue reliance on such forward-
looking statements.