Norseman Silver Announces Closing of Private Placement
Norseman Silver Announces Closing of Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia – August 19, 2021 – Norseman Silver Inc. (TSXV:NOC) (“Norseman”
or the “ Company”) is pleased to announce that it has closed its previously announced non-
brokered private placement consisting of 4,771,488 units (each, a “ Unit”) at a price of $0.33 per
Unit for gross proceeds of $1,574,591 (the “Offering”).
Each Unit consists of one common share of the Company (a “ Share”) and one Share purchase
warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional Share
(a “Warrant Share”) at a price of $0.43 per Warrant Share for a period of two years from closing
of the Offering. All securities issued pursuant to the Offering are subject to a statutory hold period
of four months from closing of the Offering. The Offering is subject to the final acceptance of the
TSX Venture Exchange.
The Company intends to use proceeds from the Offering for drilling on the Silver Vista property
and exploration on Norseman’s silver assets in British Columbia and Argentina, as well as general
corporate and working capital purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of
the securities in the United States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended, or any state securities laws and may not
be offered or sold within the United States or to or for the account or benefit of a U.S. person (as
defined in Regulation S under the United States Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is
available.
On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO
For further information, please contact:
Sean Hurd
President and CEO
T: 604 505-4554
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 INFORMATION:
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the Company provides no assurance that
actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information. Forward looking information in this news
release includes, but is not limited to: the Company’s objectives, goals or future plans; exploration and drilling
activities; final approval of the Offering; and the use of the proceeds from the Offering. Factors that could cause
actual results to differ materially from such forward-looking information include, but are not limited to: delays in
obtaining or failures to obtain required governmental, environmental or other project approvals; political risks;
inability to fulfill the duty to accommodate indigenous peoples; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets; inflation; changes in exchange rates; fluctuations in
commodity prices; delays in the development of projects; capital and operating costs varying significantly from
estimates; other risks involved in the mineral exploration and development industry; an inability to predict and
counteract the effects of COVID-19 on the business of the Company and markets generally; and those risks set out in
the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.