Saville Announces Non Flow-Through and 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 NON FLOW-THROUGH AND FLOW-THROUGH PRIVATE
PLACEMENT
VANCOUVER, B.C., December 17, 2020 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company”) is
pleased to announce a non-brokered private placement consisting of the issuance of: (i) up to 8,000,000
units (each, an “NFT Unit”) at a price of $0.05 per NFT Unit for gross proceeds of up to $400,000 (the
“NFT Offering”), and (ii) up to 12,000,000 shares (each, an “FT Share”) at a price of $0.05 per FT Share
for gross proceeds of up to $600,000 (the “FT Offering” and, together with the NFT Offering, the
“Offering”). Insiders may participate in the NFT Offering.
Each NFT Unit will consist of one common share of the Company (each, an “NFT Share”) and one non -
transferable common share purchase warrant (each, an “NFT Warrant”), with each NFT Warrant entitling
the holder to purchase one NFT Share for a period of three years fo llowing the closing of the Offering
(the “Closing”) at an exercise price of $0.075 per NFT Share in the first year and at an exercise price of
$0.15 per NFT Share for the remaining two years.
Each FT Share will be issued on a “flow -through” basis pursuant to the Income Tax Act (Canada) (each,
an “FT Share”).
Finders’ fees may be payable in connection with the Offering in accordance with the policies of the TSX
Venture Exchange (the “Exchange”).
All securities issued in connection with the Offering will be subject to a statutory hold period expiring
four months and one day after closing of the Offering. Completion of the Offering is subject to the
approval of the Exchange.
The aggregate gross proceeds from the sale of the NFT Offering will be used for general working capital.
The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and
development of the Company’s Niobium Claim Group Property in Quebec.
None of the securities sold in connection with the Offering will be registered under the United States
Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States
absent registration or an applicable exemption fro m the registration requirements. This news release
shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Saville Resources Inc.
The Company’s principal asset is the Niobium Claim Group Property, currently under Earn-In Agreement
from Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral
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-priority, and drill ready, Miranna Target
where prior boulder sampling in the area has returned 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the
Northwest and Southeast areas where previous drilling has returned wide intercepts of mineralization,
including 0.61% Nb2O5 over 12.0 m (EC08-008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
Neither 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.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward -looking information which is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ fr om those projected in the forward -looking statements. Forward
looking statements in this press release but are not limited to, statements with respect to the expectations of management
regarding the proposed Offering, the expectations of management regardi ng the use of proceeds of the Offering, closing
conditions for the Offering, and Exchange approval of the proposed Offering. These forward -looking statements are subject
to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward -looking information. Risks that could change or prevent these statements from coming to fruition
include the Company may not complete the Offering on terms favorable to the Company or a t all; the Exchange may not
approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the funds raised from the
sale of the FT Shares may not be renounced in favour of the FT Share holders; the Company may be unable to satisfy all of
the conditions to the Closing. The forward -looking information contained herein is given as of the date hereof and the
Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as
required by law.