Hispania Resources Announces Update to Proposed Private Placement
Hispania Resources Announces Update to
Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. - October 27, 2025) - Hispania Resources Inc. (TSXV: ESPN)
("Hispania" or "the company"), a mineral exploration company focused on Spain, announces today that it
has received conditional approval from the TSX Venture Exchange to extend the closing of future
tranches of its previously announced non-brokered private placement financing of units (each, a "
Unit
")
at a price of $0.025 per Unit for gross proceeds of up to $1,000,000 (the "
Offering
") to October 31,
2025 for administrative reasons. The Company previously closed a first tranche of the Offering on
October 3, 2025, pursuant to which the Company issued 20,000,000 Units for gross proceeds of
$500,000. For more information about the Offering and the first tranche, please see the Company's
press releases dated September 11, 2025 and October 3, 2025 respectively, each of which is available
under the Company's SEDAR+ profile at
www.sedarplus.ca
.
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
(416) 970-3223
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.sedarplus.ca
. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/272008