Musk Metals Announces TWO Concurrent Flow-Through Offerings
FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
MUSK METALS ANNOUNCES TWO CONCURRENT FLOW-THROUGH OFFERINGS
DECEMBER 3 rd, 2021, VANCOUVER, BC – MUSK METALS CORP. (“MUSK METALS” OR
THE “COMPANY”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce two
concurrent, flow -through non -brokered private placements. One private placement will consist of the
issuance of up to 3,409,091 units at a price of $0.11 per unit for gross proceeds of up to $ 375,000 (the
“Quebec FT Offering”). Each unit of the Quebec FT Offering will consist of one common share of the
Company to be issued as a flow -through share (as defined in Subsection 66(15) of the Income Tax Act
(Canada)) and Subsection 359.1 of the Taxation Act (Quebec)), and one-half of one non-flow-through share
purchase warrant, with each warrant entitling the holder to purchase one additional share (each, a “Warrant
Share”) (on a non -flow-through basis) at a price of $0.13 per warrant share for a period of two years
following the closing of the offering.
Another private placement will consist of the issuance of up to 3,000,000 units at a price of $0.10 per unit
for gross proceeds of up to $300,000 (the “National FT Offering”). Each unit of the National FT Offering
will consist of one common share of the Company to be issued as a flow -through share (as defined in
Subsection 66(15) of the Income Tax Act (Canada)), and one-half of one non-flow-through share purchase
warrant, with each warrant entitling the holder to purchase a Warrant Share (on a non-flow-through basis)
at a price of $0.13 per warrant share for a period of two years following the closing of the offering.
All securities issued in connection with both Offerings will be subject to a statutory hold period expiring
four months and one day after closing of the Offering.
The aggregate gross proceeds from the sale of the Quebec FT O ffering will be used for or exploration
expenditures in connection with the Company's mineral projects located in the province of Quebec, Canada.
The aggregate gross proceeds from the sale of th e National FT O ffering will be used for or exploration
expenditures in connection with the Company's various mineral projects located in Canada.
In connection with both Offerings, the Company may pay finders' fees in cash or securities or a combination
of both, as permitted by the policies of the Canadian Securities Exchange.
None of the securities sold in connection with the Offering s will be registered under the United States
Securities Act of 1933, as amended, and no such securities may be offered or sol d in the United States
absent registration or an applicable exemption from the registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company
updates at http://www.muskmetals.ca/
About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective,
discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing
portfolio of mineral properties exh ibit favorable geological characteristics in underexplored areas within
the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of
southwestern Quebec, the “Golden Triangle” district of British Columbia, the Mineral Rich “Red Lake”
mining camp of Northwestern Ontario and the “Chapais -Chibougamau” mining camp, the second largest
mining camp in Quebec, Canada.
ON BEHALF OF THE BOARD
___Nader Vatanchi___
CEO & Director
For more information on Musk Metals, please contact:
Phone: 604-717-6605
Corporate e-mail: [email protected]
Website: www.muskmetals.ca
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward -looking statements. All statements, other than statements of historical fact that
address activities, events or developments that the Company believes, expects or anticipates will or may occur in the
future are forward-looking statements. Forward-looking statements in this news release include , but are not limited
to, statements regarding the intended use of proceeds of the Offering and other matters regarding the business plans
of the Company. The forward -looking statements reflect management’s current expectations based on information
currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially
from those discussed in the forward -looking statements including: that the Company may use the proceeds of the
Offering for purposes other than those disclosed in thi s news release; adverse market conditions; and other factors
beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward -
looking statements are reasonable, forward -looking statements are not guarantees of f uture performance and,
accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could
cause actual results or events to differ materially from current expectations include general market conditions an d
other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this press release.