Flow Metals Closes Private Placement with a Lead Order from Palisades Goldcorp
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
FLOW METALS CLOSES PRIVATE PLACEMENT
WITH A LEAD ORDER FROM PALISADES GOLDCORP
Vancouver, BC, August 26, 2020 - Flow Metals Corp. (the “ Company” or “Flow”) (CSE:FLOW) is pleased
to announce that it has closed a non -brokered private placement with a lead order from Palisades Goldcorp Ltd.
and it has issued a total of 9,516,782 units (each a “ Unit”) at a price of $0.09 per Unit for gross aggregate
proceeds of $856,810
Each Unit is comprised of one common share (each, a " Share") and one transferable Share purchase warrant
(each Share purchase warrant being a " Warrant"). Each Warrant entitles the holder thereof to purchase one
additional Share of the Company at a price of CAD$0.15 for a period of 36 months from the date of issuance.
Finder's fees of $ 61,112 cash and 679,026 finder's warrants (each, a " Finders Warrant ") have been paid to
qualified parties. Each Finders Warrant is exercisable at a price of CAD$0.15 for a pe riod of 36 months on the
same terms of the Warrants noted above.
The Company intends to use the proceeds from the private placement for general working capital and
exploration on its Sixtymile, New Brenda, and Ashuanipi projects.
All securities issued in connection with the private placement are subject to a statutory hold period of four
months and one day from the date of issuance. None of the securities issued in connection with the private
placement have been registered under the United States Securiti es Act of 1933, as amended (the " 1933 Act"),
and none of them have been offered or sold in the United States absent registration or an applicable exemption
from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer,
solicitation, or sale would be unlawful.
About Flow Metals
The Company seeks exciting data rich gold projects with low capital requir ements. The Company holds a 100%
interest in three Canadian gold projects. Please see the company presentation for more detail:
flowmetals.com/slidedeck
About Palisades Goldcorp:
Palisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a
demonstrated track record of making money and is backed by many of the industry's most notable financiers.
With junior resource equities valued at generational lows, management believes the sector is on the cusp of a
major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and
assets with the goal of generating superior returns.
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
For further information, please contact:
Scott Sheldon, President
604.725.1857
Forward-Looking Information:
This press release may include “forward -looking information” (as that term is defined by Canadian securities legislation),
concerning the Company’s business. Forward -looking information is based on certain key expectations and assumptions
made by the Company’s management, including future plans for the exploration and development of its mineral properties.
Although the Company bel ieves that such expectations and assumptions are reasonable, investors should not rely unduly
on such forward-looking information as the Company can give no assurance they will prove to be correct. Forward -looking
statements in this press release are made as of the date of this press release. The Company disclaims any intent or
obligation to publicly update any forward -looking information (whether as a result of new information, future events or
results, or otherwise) other than as required by applicable securities laws.