Syd Announces Private Placement
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
SYD FINANCIAL INC.
303 - 570 Granville Street
Vancouver, BC, V6C 3P1
FOR IMMEDIATE RELEASE February 10, 2020
SYD ANNOUNCES PRIVATE PLACEMENT
Vancouver, B.C. – Syd Financial Inc. (the ``Company``) (CSE : SYDF) announces that it intends
to undertake a private placement of up to 500,000 flow-through units (the "FT Units") at a price
of $0.12 per FT Unit for t otal gross proceeds of up to $6 0,000 and a private placement of up to
3,000,000 non flow-through units (the "NFT Units") at a price of $0.10 per NFT Unit for total
proceeds of $300,000 . Each FT Unit will consist of one flow -through common share (a "FT
Share") and one non -flow through transferable share purchase warrant (a "FT Warrant"). Each
FT Warrant will entitle the holder to purchase one non -flow through common share (a "FT
Warrant Share") at a price of $0.25 for two years from the closing date. Each NFT unit will
consist of one common sh are (a "NFT Share") and one transferable share purchase warrant (a
"NFT Warrant"). Each NFT Warrant is exercisable to purchase an additional common share (a
"NFT Warrant Share") at a price of $0.25 for a period of two years from the closing date.
In conne ction with the private placement, the Company may pay finder’s fees in cash or
securities or a combination of both, as permitted by the policies of the Canadian Securities
Exchange.
The proceeds of the FT private placement will be used on exploring the Company's Pluto
Property. The Proceeds of the NFT private placement will be used towards general working
capital.
SYD Financial Inc.
On behalf of the Board of Directors,
"Keith Anderson"
Keith Anderson, CEO, Secretary and Director, Syd Financial Inc.
For further information on the Company, please email [email protected]
Keith Anderson
Syd Financial Inc.
(604) 786-7774
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has in no way passed upon the
merits of the proposed Transaction and has neither approved nor disapproved of the contents of this
press release.
Disclaimer for Forward-Looking Information
This news release contains forward -looking statements that involve various risks and uncertainties
regarding future events. Such forward -looking statements are based on current expectations of
management, involve a number of risks and uncertainties, and are not guarantees of future performance
of the Company. These statements generally can be identified by the use of forward -looking words such
as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or
“continue”, or the negative thereof or similar variations. Forward-looking statements in this news release
include statements regarding the proposed allocation of the net proceeds of the Financing. Forward-
looking statements are necessarily based on a number of estimates and assumptions that, while
considered reas onable, are subject to known and unknown risks, uncertainties and other factors that
may cause actual results and future events to differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results or events to differ materially from
current expectations include general market conditions and 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.