E3 Metals Corp. News Announcement
TSXV: ETMC
FSE: OU7A
OTC: EEMMF
DATE
March 26, 2019
TITLE
E3 Metals Corp. News
Announcement
CALGARY, ALBERTA, March 26, 2019 – E3 METALS CORP. (TSXV: ETMC, FSE: OU7A, OTC:
EEMMF) (the “Company” or “E3 Metals”) is please d to announce a non-brokered private placement (the
"Offering") of up to 2,700,000 units (“Units”) of the Company at a price of $0.35 per Unit for gross proceeds
of up to $945,000. Each Unit is comprised of one common share (a “Share”) and one-half of one common
share purchase warrant (each whole warrant, a “Warra nt”). Each Warrant entitles the holder to purchase
one common share of the Company (each a “Warrant Sh are”) at a price of $0.45 per Warrant Share for a
period of 24 months from closing (t he “Expiry Date”). In connection with the Offering, the Company has
agreed to pay finder’s fees to certain finders of 6% of the gross proceeds derived from investors identified
by such finders under the Offering, to be paid at closing out of the gross proceeds raised from the Offering.
As additional consideration, the Company has agreed to grant Share purchase warrants (the “Finders’
Warrants”) entitling the finders to subscribe for up to that number of Shares equal to 6% of the Units sold
to purchasers identified by the find ers under the Offering. Subject to regulatory approval, each Finder’s
Warrant will be exercisable to acquire one Share of the Company at a price of $0.45 for a period of 24
months after the closing date of the Offering. Th e Shares, Warrants and Finder’s Warrants will be subject
to a resale restriction for a period of four months plus one day from closing of the Offering. The net proceeds
received by the Company from sale of the Units will be used for the accelerated development of the
Company’s extraction technology and for general working capital purposes.
The Offering will be made by way of private placement exemptions in Canada, the United States and certain
offshore jurisdictions and is subject to a number of conditions, including receipt of all necessary corporate
and regulatory approvals, including the approval of the TSX Venture Exchange.
About E3 Metals Corp.
E3 Metals is a Petro-Lithium company rapidly advancing the development of direct recovery lithium brine
projects in Alberta. E3 Metals holds lithium resources at 6.7 Mt LCE (inferred)1. The focus of the Company
on the continued develop of its proprietary extraction technology towards commercial readiness. The
Company has a compelling competitive advantage by vi rtue of having access to extensive infrastructure
built by the Oil and Gas industry in Alberta. This has provided E3 Metals with extremely low finding costs,
DIRECTORS
Chris Doornbos
Paul Reinhart
Mike O’Hara
Peeyush Varshney
CONTACT INFORMATION
#205-227 10th St NW Calgary,
AB, T2N 1V5
+1 (877) 319-7634
e3metalscorp.com
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
E3 Metals Announces $945 ,000 Private Placement
as the Company has been able to sample existing wells to define its resource. This infrastructure may also
provide wells and pipelines for a future lithium pr oduction operation, potentially reducing the future
underlying capital requirements significantly. The Comp any is committed to the develop of the Alberta
Lithium Project towards commercial production of lithium. More information about E3 Metals can be found
on our website by visiting: www.e3metalscorp.com.
1: E3 Metals has released information on three 43-101 Technical Reports totalling a resource of 6.7 Mt LCE. The Central Clearw ater Resource Area
(CCRA) Technical Report, identifying 1.9Mt LCE (inferred) is dated effective October 27, 2017, the North Rocky Resource Area (NRRA) Technical Report
identifies 0.9Mt LCE (inferred) is dated effective October 27, 2017, and the Exshaw West Resource Area (EWRA), identifies 3.9Mt LCE (inferred) is dated
effective June 4th 2018. All reports are available on the company’s website and SEDAR (www.sedar.com)
ON BEHALF OF THE BOARD OF DIRECTORS,
Chris Doornbos, President & CEO
E3 METALS CORP.
For more Information:
Contact: Chris Doornbos
Phone: (587) 324-2775
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 release.