Medallion Resources Extends Balance of Private Placement
FOR IMMEDIATE RELEASE
April 10, 2018
NOT FOR RELEASE IN THE UNITED STATES
Medallion Resources Extends Balance of Private Placement
Vancouver, BC – Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the
“Company”), pursuing smart production of magnet metals, today announces that further to its news release of March
13, 2018, the Company intends to complete the remaining $50,000 of gross proceeds in a non-brokered private
placement (the “Offering”).
Under the Offering Medallion plans to issue an additional 500,000 units at a price of $0.10 per Unit, each Unit
consisting of one Common Share and one transferable common share purchase warrant (a “Warrant”). Each Warrant
will be exercisable to acquire one additional common share at an exercise price of $0.15 for 36 months from closing.
All securities issued to purchasers and finders under the Offering will be subject to a four-month hold period from the
Closing Date, pursuant to applicable securities laws and the policies of the Exchange. The securities offered have not
been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws,
and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such
registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation
would be unlawful.
About Medallion Resources
Medallion Resources is pursuing near-term magnet metal production, firstly in North America, by exploiting by-
product monazite. Monazite is a rare earth element (REE) phosphate mineral containing significant amounts of the
key magnet metals neodymium and praseodymium (NdPr). Ndpr is the key input material for the high-powered
permanent rare earth magnets required for growing demands of vehicle electrification, wind power generation and
robotics. Monazite is widely available as a by-product from heavy mineral sand mining operations and has a history as
a commercial REE resource and well-understood metallurgy. Medallion is committed to following best practices and
accepted international standards in all aspects of mineral transportation, processing and the safe management of
waste materials. More about Medallion can be found at medallionresources.com.
Contact: Donald Lay, President & CEO at +1.604.681.9558 or [email protected].
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Medallion management takes full responsibility for content and has prepared this news release. 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. Some of the statements contained in this release are forward-
looking statements, such as statements that describe the completion of the Offering and the use of the proceeds of the
Offering. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent
risks and uncertainties, including the risks related to market conditions and regulatory approval and other risks outlined in
the Company’s management discussions and analysis of financial results. Actual results in each case could differ materially
from those currently anticipated in these statements. Also, in order to proceed w ith Medallion’s plans, additional funding
will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that
facilitate Medallion’s plans. These forward looking statements are made as of the date of this press release, and, other than
as required by applicable securities laws, Medallion disclaims any intent or obligation to update publicly any forward looking
statements, whether as a result of new information, future events or results or otherwise.