Saville Announces Closing of First Tranche of Flow-Through and Non Flow-Through Private Placement
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
SAVILLE ANNOUNCES CLOSING OF FIRST TRANCHE OF
FLOW-THROUGH AND NON FLOW-THROUGH PRIVATE PLACEMENT
VANCOUVER, B.C., December 24, 2021 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “ Company ”) is pleased to
announce that it has completed the first tranche of its pr eviously announced non-brokered private placement (th e
“Offering ”), as described in its News Release dated December 16, 2021, pursuant to which it has issued an aggregat e
of 8,300,000 flow-through shares (each, a “FT Share ”) at a price of $0.05 per FT Share for gross procee ds of $415,000
and 1,575,000 non flow-through units (each, a “ NFT Unit ”) at a price of $0.05 per NFT Share for gross proce eds of
$78,750.
Each FT Share was issued on a “flow-through” basis pursuant to the Income Tax Act (Canada).
Each NFT Unit consists of one common share of the Com pany (each, an “ NFT Share ”) and one non-transferable
common share purchase warrant (each, an “ NFT Warrant ”), with each NFT Warrant entitling the holder to purcha se
one NFT Share for a period of three years following the closing of the Offering (the “ Closing ”) at an exercise price of
$0.075 per NFT Share.
The securities issued under the Offering are subject to a statutory hold period expiring on April 25, 2022.
The Company paid a cash finder’s fee of an aggregate of $20,000 and issued an aggregate of 400,000 broke r warrants
to a certain finder. Each broker warrant is exercisable into one non flow-through common share at an exerc ise price of
$0.075 per non flow-through common share until December 24, 2024.
The aggregate gross proceeds from the sale of the flow through shares will be used for exploration and development of
the Company’s Niobium Claim Group Property in Quebec. The aggregate gross proceeds from the sale of the non -flow
through units will be used for general working capital purposes.
An insider of the Company subscribed for a total of 1 ,575,000 Units under the financing, which is a “relat ed party
transaction” within the meaning of Multilateral Instrumen t 61-101 Protection of Minority Security Holders in Special
Transactions (“ MI 61-101 ”). The issuance to the insiders is exempt from the va luation requirement of MI 61-101 by
virtue of the exemption contained in section 5.5(b) as t he Company’s shares are not listed on a specified mar ket and
from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in secti on
5.7(a) of MI 61-101 in that the fair market value of th e consideration of the shares issued to the related pa rties did not
exceed 25% of the Company’s market capitalization.
None of the securities sold in connection with the Offer ing will be registered under the United States Securiti es Act of
1933, as amended, and no such securities may be offe red or sold in the United States absent registration or a n
applicable exemption from the registration requirement s. This news release shall not constitute an offer to s ell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which su ch offer,
solicitation or sale would be unlawful.
About Saville Resources Inc.
The Company’s principal asset is the Niobium Claim Gr oup Property (the “ Property ”), currently under Earn-In
Agreement from Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous m ineral
claims, encompassing an area of approximately 1,223 hectares, and is considered highly prospective for niobium and
tantalum. The Property includes portions of the high-pri ority, and drill ready, Miranna Target where prior b oulder
sampling in the area has returned 5.9% Nb2O5 and 1,2 20 ppm Ta2O5, as well as the Northwest and Southeast a reas
where previous drilling has returned wide intercepts o f mineralization, including 0.61% Nb2O5 over 12.0 m (EC08-
008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
On behalf of the Board of Directors
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge, President
Tel: 604.681.1568
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 release.