Fidelity Minerals Corp. closes first Tranche of Private Placement
Fidelity Minerals Corp. closes first Tranche of Private Placement
Vancouver, BC, February 6th, 201 9 – Fidelity Minerals Corp. (TSX -V: FMN | FSE: S5GM |
SSE: MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that a first tranche
of the private placement financing announced on January 28 th (the "Financing") of up to
12,500,000 units at a price of $0.05 per unit (for total gross proceeds of up to $625,000) has been
closed. Each unit consists of one common share and a whole warrant, with each whole warrant
exercisable into one additional common share at $0.06 per share for one (1) year after the closing
date.
The first tranche comprises 6 ,800,000 units (54% of the offering), of which 2,000,000 units were
subscribed by Lions Bay Capital, a Control Person, and 2,400,000 units were subscribed by
management. The Company expects to close a second and final tranche of the private placement in
the very near term.
Finders' fees will be payable to eligible individuals and entities in connection with the Financing
in accordance with the policies of the TSX Venture Exch ange. The private placement is subject to
approval of the TSX Venture Exchange.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. is an emerging gold producer focusing on unlocking value from advanced
stage mining assets in Peru. The company is backe d 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, now anchored by Lions Bay Capital
Inc.
On behalf of the Board of Montan.
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
For more information, please visit the corporate website at http://www.fidelityminerals.com or
contact:
Investor Contacts:
Luis F. Zapata
Executive Chairman
Tel: +1.604.358.1382
Tel: +51.999.968.827 (Peru)
Email: [email protected]
Bahay Ozcakmak
Director
Tel: +61.3.9236.2800
Email: [email protected]
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.