Norseman Silver Inc. Updates $1,500,000 Non- Brokered Private Placement
Norseman Silver Inc. Updates $1,500,000 Non-
Brokered 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 – July 30, 2021 – Norseman Silver Inc. (TSXV:NOC) (“Norseman”
or the “Company”) would like to amend the proposed non-brokered private placement financing
(the ''Offering'') announced on July 19, 2021. In the Company’s July 19, 2021 news release, the
Company noted that each warrant in the $1,500,000 non-brokered private placement composed of
up to 4,545,454.55 units (“ Units”) at a price of CAD$0.33 per Unit and entitled the holder to
purchase one common share at a price of CAD $0.43 per common share until the date which is
twelve (12) months from the date of issuance. The warrant terms have been amended to allow the
holder to purchase one common share at a price of CAD $0.43 until the date which is twenty-four
(24) months from the date of issuance”.
The Company intends to use the net proceeds from the Offering for general corporate and working
capital purposes, as well as drilling on the Silver Vista property and exploration on Norseman’s
silver assets in British Columbia and Argentina. The Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals, including the approval of the
TSX Venture Exchange and applicable securities regulatory authorities. All securities issued and
issuable pursuant to the Offering will be subject to a four month and one day statutory hold period.
On behalf of the Board
Sean Hurd
President & CEO
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.
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, statements, exploration results,
potential mineralization, the estimation of mineral resources, exploration and mine development
plans, timing of the commencement of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such forward-looking information include, but
are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production
decision, the preliminary nature of metallurgical test results, 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 and the other risks involved in the mineral
exploration and development industry, an inability to complete the Offering on the terms or on the
timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on
the business of the Company, including but not limited to the effects of COVID-19 on the price of
commodities, capital market conditions, restriction on labour and international travel and supply
chains, 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.