Deer Horn Amends Non-Brokered Private Placement; Shares for Debt Settlements
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Deer Horn Amends Non-Brokered Private Placement;
Shares for Debt Settlements
Vancouver, BC, Canada, October 14, 2020 – Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer
Horn”), announces that it has amended the terms of its private placement to raise up to $300,000 by
way of a non-brokered private placement of up to 6,000,000 units at a price of $0.05/unit. Each unit
consists of one common share and one common share purchase warrant exercisable at $0.10 per
warrant share for a period of two years following the close of the offering. The Company may pay a
finder’s fee consisting of cash, shares and/or warrants to eligible finders as permitted under applicable
securities laws and CSE policies. Proceeds from this offering will be used for general corporate purposes.
Deer Horn also announces that it has amended its debt conversion proposal to settle an aggregate
$50,000 owing to consultants, lenders and other creditors. The debt conversion will result in the
issuance of an aggregate of 1,000,000 units of the Company at a deemed price of $0.05 per unit. Each
unit consists of one common share and one common share purchase warrant exercisable at $0.10 per
warrant share for a period of two years following the close of the settlement.
About Deer Horn Capital
Deer Horn Capital’s unique business model is to generate revenue and value through mineral discovery,
project development, project generation and cooperative access to untapped mineral regions in
Indigenous territory with sustainable exploration.
Our polymetallic Deer Horn Project in British Columbia anchors a diversified search for metals, working
in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. We believe this is
the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse
partnerships.
Deer Horn responsibly and ethically explores for metals in British Columbia and Yukon. Deer Horn
proudly adheres to and supports the principles and rights set out in the United Nations Declaration on
the Rights of Indigenous peoples and in particular the fundamental proposition of free, prior and
informed consent.
On behalf of the board of directors of
Deer Horn Capital Inc.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Tyrone Docherty
604.789.5653
Neither the Canadian Securities Exchange nor its re gulations services accept responsibility for the ad equacy or accuracy of
this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or m ay occur in the
future are forward-looking statements. These forwa rd-looking statements involve numerous assumptions made by the Company based on its experience, percep tion
of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements
involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking
statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should n ot place undue reliance on forward-looking statemen ts.
Except as required by law, the Company does not int end to revise or update these forward-looking state ments after the date hereof or revise them to refle ct the
occurrence of future unanticipated event.