Deer Horn Amends Private Placement and Debt Settlement Transactions
Deer Horn Announces Amendment to
Non‐Brokered Private Placement and Debt Settlement Transactions
Vancouver, BC, Canada, December 30, 2019 – Deer Horn Capital Inc. (CSE: DHC) (the “Company” or
“Deer Horn”), announces that it has amended the terms to raise up to $250,000 by way of a non‐
brokered private placement of up to 5,000,000 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 the terms to effect a debt conversion to settle an
aggregate of $109,125 owing to consultants, lenders and other creditors, including some insiders. The
debt conversion will result in the issuance of an aggregate of 2,182,500 units of the Company at a
deemed 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 the
settlement. The settled debt will include the issuance of 800,000 shares (approx. 3.4% of Deer Horn’s
then issued shares, assuming completion of the private placement and the debt conversions) to a private
company owned by Tyrone Docherty, the CEO, President and a director of the Company to settle
$40,000 debt; and 50,000 shares (approx. 0.2% of Deer Horn’s then‐issued shares, assuming completion
of the private placement and all debt conversions) to Pamela Saulnier, CFO of the Company, to settle
$5,000 debt. The debt settlements to Mr. Docherty and Ms. Saulnier will be related party transactions as
defined in Multilateral Instrument 61‐101‐ Protection of Minority Security Holders in Special
Transactions (“MI 61‐101”). The Company is exempt from the formal valuation requirement and the
shareholder approval requirement of MI 61‐101.
About Deer Horn Capital
Deer Horn Capital is committed to exploring for, and providing, strategic and critical metals vital to a
low‐carbon economy and for the advancement of technology. The Company’s leadership has a track
record of project monetization with a board and advisory group that includes industry leaders in finance,
mineral property development, geology, mineralogy, solar power, engineering, research and First
Nations engagement and economic development.
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 regulations services accept responsibility for the adequacy 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 may occur in the
future are forward‐looking statements. These forward‐looking statements involve numerous assumptions made by the Company based on its experience, perception
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 not place undue reliance on forward‐looking statements.
Except as required by law, the Company does not intend to revise or update these forward‐looking statements after the date hereof or revise them to reflect the
occurrence of future unanticipated event.