Fidelity Minerals Applies to Extend Warrant Expiry Dates
Fidelity Minerals Applies to Extend Warrant Expiry Dates
Vancouver, BC, September 19, 20 22 – Fidelity Minerals Corp. (TSX -V: FMN | FSE: S5GM | SSE: MNYC)
(“Fidelity Minerals” or the “ Company”) announces that it is applying to the TSX Venture Exchange (the
“TSXV” or “ Exchange”) to extend the expiry date of 9,925,000 common share purchase warrants (the
“Warrants”) issued by the Company in connection with a private placement financing that closed on April
12, 2022. The original term of the Warrants was six months and currently expires on October 12, 2022. The
Company proposes to extend the expiry date to April 12, 2023 (the “Warrant Extension”). No other terms
of the Warrants are to be amended and the exercise price remains at $0.11. The proposed amendment of
the Warrants is subject to TSXV approval.
Certain of the Warrants are held by parties who are considered to be “related parties” of the Company
(such warrants, the “Related Party Warrants”). Therefore, the amendment of the Related Party Warrants
constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of
Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in
Special Transactions. However, the exemptions from formal valuation and minority approval requirements
provided for by these guidelines can be relied upon because neither the fair market value of the Related
Party Warrants nor the fair market value of the consideration paid for the Related Party Warrants exceeds
25% of the market capitalization of the Company. A material change report in respect of this related party
transaction will be filed by the Company. The extension of the Warrants would only be effective upon TSXV
approval and receipt of the requisite confirmation from the holders of the Warrants.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. has assembled a portfolio of high-quality mining assets in Peru and aims to delineate
major deposits on these properties that could attract the interest of mid-tier and major mining companies.
Fidelity has a portfolio of four key assets in Peru and is currently focused on progressing its two most
advanced projects – Las Huaquillas and Las Brujas. Fidelity is also looking to opportunistically expand its
project portfolio with accretive acquisitions. The company is backed by an experienced management team
with diverse technical, market, and commercial expertise and is supported by committed and sophisticated
investors focused on building long term value.
On Behalf of the Board,
Dean Pekeski
CEO, President and Director
Tel: +1.778.828.9724
Email: [email protected]
For more information, please visit the corporate website at http://www.fidelityminerals.com or contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This new s release includes certain “forward -looking statements” under applicable Canadian securities
legislation that are not historical facts. Forward -looking statements involve risks, uncertainties, and other
factors that could cause actual results, performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward -looking statements. Forward-looking statements in this news
release include, but are not limited to, statements with respect to the expectations of managemen t
regarding the proposed Warrant Extension and TSXV approval of the proposed Warrant Extension. Although
the Company believes that the expectations reflected in the forward -looking information are reasonable,
there can be no assurance that such expectations will prove to be correct. Such forward-looking statements
are subject to risks and uncertainties that may cause actual results, performance or developments to differ
materially from those contained in the statements including that: the Company may not co mplete the
Warrant Extension; and the TSXV may not approve the Warrant Extension. Although the Company believes
that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the date of this news release, and
no assurance can be given that such events will occur in the disclosed time frames or at all. Except where
required by law, the Company disclaims any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events, or otherwise.