Srg Mining Inc. Announces Closing of Fully Subscribed CAD$4,800,000 Equity Financing
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SRG Mining Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
SRG MINING INC. ANNOUNCES CLOSING OF FULLY SUBSCRIBED
CAD$4,800,000 EQUITY FINANCING
Montreal, Quebec, November 5, 2021 - SRG Mining Inc. (TSXV: SRG) (“SRG ” or the “ Company) is
pleased to announce the closing of a non- brokered private placement (the “Private Placement”). The
Company has issued a total of 9,600,000 units (the “Units”) of SRG at a price of $0.50 per Unit for gross
proceeds of CAD$4,800,000.
Each Unit is compris ed of one common share of the Company (a “Share”) and one half of one
non-transferable share purchase warrant. Each whole warrant (a “Warrant”) will entitle the holders to
purchase for a period of 24 months from the date of closing (the “Expiry Date”), one additional common
share of the Company (a “Warrant Share”) at an exercise price of $0.75 per Warrant Share.
“The Offering was primarily comprised of at least two European businesspersons, Messrs. Eric Swenden
and Christian Dumolin, through their related entities,” said Benoit La Salle, Executive Chairman of the
Board. “Our new shareholders have strong business relationships in Europe, across the Atlantic and around
the globe. With their support and these additional financial resources, we believe that the Company is better
positioned than ever to advance on the development of its Lola Project.”
The Private Placement is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals, including the final approval of the TSX Venture Exchange. All securities issuable
pursuant to the Private Placement are subject to a four month hold period from the date of issuance in
accordance with applicable Canadian securities laws.
There are no finders’ fees or commissions payable. Net proceeds from the Private Placement will be used
to continue the development of the Lola graphite project and general working capital requirements.
About SRG Mining
SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit located
in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally, and
ethically responsible manner.
For additional information, please visit SRG’s website at www.srgmining.com.
Contact :
Benoit La Salle, FCPA FCA
Email: [email protected]
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accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward- looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute forward-
looking information. Generally, such forward- looking information can be identified by the use of forward-
looking terminology such as “firm”, “anticipated”, “potential”, “will”, “continue”, “demonstrate”, “deliver”,
“believe”, or variations of such words and phrases or state that certain actions, event s or results "may",
"could", "would" or "might". Forward- looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or implied by such forward-
looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and
economic conditions; (iii) the possibility of write- downs and impairments; (iv) the risk associated with
exploration, development and operations of mineral deposits and mine plans for the Company’s mining
operations; (v) the risk associated with establishing title to mineral properties and assets including
permitting, development, operations and production from the Company’s operations being consistent with
expectations and projections; (vi) fluctuations in commodity prices, finding offtake takers and potential
clients or enforcing such agreements against same and other risks and fact ors described or referred to in
the section entitled "Risk Factors" in the MD&A of the Company and which is available at www.sedar.com,
all of which should be reviewed in conjunction with the information found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward- looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such forward-
looking information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such forward-looking information. Such forward-looking information has been provided
for the purpose of assisting investors in understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance
on forward-looking information. Forward- looking information is given as of the date of this press release,
and the Company does not undertake to update such forward- looking information except in accordance
with applicable securities laws.