Flow Metals Corp. - August 23, 2024 News Release
1890 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
T: 604-725-1857
FLOW METALS CLOSES FIRST TRANCHE OF FINANCING
Vancouver, BC, August 23, 2024 – Flow Metals Corp. ("Flow Metals" and/or the "Company") (CSE:
FWM) is pleased to announce it has clos ed the first tranche of the non-brokered private placement
previously announced on July 9, 2024 (the “Private Placement”). The Company issued 3,300,000 non-
flow-through common shares (the “NFT Shares”) at a price of $0.05 per NFT Share for gross proceeds to
the Company of $165,000.
The Company has paid a finder’s fee of $1,200 and it issued 24,000 non-transferable common share
purchase warrants (the “ Finder’s Warrants”) to a qualified party in connection with the Private
Placement. Each Finder’s Warrant will entitle the holder thereof to acquire one common share of the
Company at a price of $0.065 for a period of 12 months from the date of closing.
The Company plans to use the net proceeds of the Private Placement for working capital and general
corporate purposes. The Company may close one or more additional tranches of the Private placement in
accordance with investor interest.
All securities issued pursuant to the Private Placement will be subject to a four -month and one day hold
period which will expire December 24, 2024, pursuant to applicable securities laws of Canada.
Insider Participation: Four Company insiders participated in the Private Placement and subscribed for a
total of 2,900,000 Shares . The participation by such insiders is a “related -party transaction” within the
meaning of Multilateral Instrument 61 -101 - Protection of Minority Security Holders in Special
Transactions (“MI 61 -101”). The Company has relied on exemptions from the formal valuation and
minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI
61-101 in respect of related party participation in the placement as neither the fair ma rket value (as
determined under MI 61- 101) of the subject matter of, nor the fair market value of the consideration for,
the transaction, insofar as it involved the related parties, exceeded 25% of the Company’s market
capitalization (as determined under MI 61-101).
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration is available.
About Flow Metals
Flow Metals is a mining exploration company focused on advancing two 100% owned road access projects
in established mining districts. Sixtymile is a Yukon gold project in the Sixtymile placer district and New
Brenda is a copper-silver-molybdenum porphyry project in British Columbia’s Quesnel terrane.
1890 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
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, future production, reserve potential, and events
or developments that the Company expects. Although the Company believes 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 contained in
this press release may include, but are not limited to, the terms and completion of the Offering, the
renouncement of exploration expenditures and use of proceeds. The Company disclaims any intent or
obligation to publicly update any forward-looking information (whether because of new information, future
events or results, or otherwise) other than as required by applicable securities laws. There are several risk
factors that could cause future results to differ materially from those described herein. Information
identifying risks and uncertainties is containe d in the Company's filings with the Canadian securities
regulators, which filings are available at SedarPlus.ca.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved
of the contents of this news release.