Hispania Resources Announces Proposed Private Placement
Hispania Resources Announces Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. – September 11, 2025) - Hispania Resources Inc. (TSXV: ESPN)
("Hispania" or "the company"), a mineral explora Ɵon company focused on Spain, announces its
intention to complete a non-brokered private placement of units of the Company (the " Units")
for aggregate gross proceeds of up to $1,000,000 (the "Offering").
The Offering will consist of up to 40,000,000 Units. Each Unit will be priced at $0.025 per Unit,
consisting of one common share in the capital of the Company (each, a " Common Share") and
one Common Share purchase warrant (each whole warrant, a " Warrant") in the capital of the
Company. Each Warrant entitling the holder to purchase one further Common Share (each, a
"Warrant Share") at a price of $0.05 per Warrant Share for a period of 36-months following the
Offering.
The proceeds from the Offering will be used for exploratory work at any of the company’s three
owned mining assets, as well as general working capital and general administrative expenses.
The Company may pay cash finder's fees in connection with the Offering to certain qualified
arm's-length finders of up to 6% of the gross proceeds raised under the Offering.
Insiders of the Company may subscribe in the private placement for up to 9.9% of the offering for
a total of 3,960,000 Units for aggregate gross proceeds of $99,000. The par ƟcipaƟon of insiders
in the Offering cons Ɵtutes a "related party transac Ɵon", within the meaning of Mul Ɵlateral
Instrument 61-101 - ProtecƟon of Minority Security Holders in Special TransacƟons ("MI 61-101").
The Company has relied on the exempƟons from the formal valuaƟon and minority shareholder
approval requirements of MI 61- 101 contained in sec Ɵons 5.5(a) and 5.7(1)(a) of MI 61 -101, in
respect of the related party par ƟcipaƟon in the Offering, as neither the fair market value (as
determined under MI 61- 101) of the subject ma Ʃer of, nor the fair market value of the
consideraƟon for, the transacƟon, insofar as it involved the interested party, exceeded 25% of the
Company's market capitalizaƟon (as determined under MI 61-101).
Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of
all required regulatory approvals including the approval of the Toronto Stock Exchange Venture
(the "TSXV"). The securities issued under the Offering will be subject to a statutory hold period
of four months and one day following the date of issuance.
About Hispania Resources Inc.
Hispania Resources Inc is a mineral exploration company focused on mining opportunities in
Spain. Hispania is currently focused on developing 3 core assets across Spain, including the
copper, zinc project Otero; the formerly producing tin project Lumbrales; and the copper, zinc
Puebla de la Reina project. The management of Hispania contains industry veterans who have
more than 120 years of mineral exploration and production experience in multiple jurisdictions
and have successfully managed multiple international mining companies. This includes in Spain,
where some of the team was responsible for the founding and building of Iberian Minerals with
the continued support of the local and regional governments, including the well-developed and
sophisticated transportation and mining infrastructure.
For more information on Hispania Resources Inc., visit: http://HispaniaResources.com/.
Contact Information
For more information or interview requests, please contact:
Norman Brewster - Chief Executive Officer
Rahim Allani - Director
(416) 457-0549
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable
securities laws. Forward-looking information can be identified by words such as: "intend",
"believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples
of forward-looking information include, among others, the expected commencement of work on
the PBR project, the expected meetings with local drilling firms, as well as information relating to
Hispania. Although Hispania believes that, in light of the experience of its officers and directors,
current conditions and expected future developments and other factors that have been
considered appropriate, the expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them because Hispania can give no assurance
that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-
looking information. Actual results and developments may differ materially from those
contemplated by these statements depending on, among other things, the risk that the future
plans of Hispania may differ from those that currently are contemplated Additional risks include
those disclosed in the Filing Statement, which are incorporate herein by reference and are
available through SEDAR at www.sedar.com. The forward-looking statements contained in this
news release are made as of the date hereof, and the Company undertakes no obligation to
update publicly or revise any forward-looking statements or information, except as required by
law.
This news release is not an offer of the securities for sale in the United States. The securities
described in this news release have not been registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as
amended) absent registration or an exemption from registration. This news release shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the
securities in any state in which where such offer, solicitation or sale would be unlawful.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this news release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES.