First Tellurium Amends Details of First Tranche Close of Private Placement
THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
First Tellurium Amends Details of
First Tranche Close of Private Placement
Vancouver, BC, Canada, October 23, 2024 – First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company”
or “First Tellurium”) announces it has amended the number of units issued pursuant to the first tranche
closing (the "First Tranche") of a non-brokered private placement (the “Offering”) announced on October
15, 2024. The Company issued 9,223,970 units (the "Units") at a price of $0.11 per unit for gross
proceeds of $1,014,637. Each Unit consists of one common share and one common share purchase
warrant exercisable at $0.15 for a period of two years following the close of the Offering.
All securities issued pursuant to the closing of the first tranche will be subject to a four month and one
day hold period, expiring February 16, 2024.
All other details regarding the private placement remain as disclosed in the October 15, 2024 news
release.
About First Tellurium Corp.
First Tellurium’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 (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and
Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance
with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral
exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.
First Tellurium 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
First Tellurium Corp.
“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.