Correction to Go Metals Closes Private Placement
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
CORRECTION TO GO METALS CLOSES PRIVATE PLACEMENT
Vancouver, BC, August 14, 2020 – Go Metals Corp. (“Go Metals” and/or the “Company”) (CSE:GOCO) further to
the news release dated August 13, 2020, the Company wishes to provide the following correction and advice that
it has issued a total of 15,635,000 units (each a “Unit”) at a price of $0.05 per Unit for gross aggregate proceeds
of $781,750.
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$0.07 for a period of 36 months from the date of issuance.
The Company also wishes to correct the finder’s fee previously disclosed in the August 13 th news release and
advise that finder's fees of $59,882.50 cash and 1,077,650 finder's warrants (each, a "Finders Warrant") have
been paid to qualified parties. Each Finders Warrant is exercisable at a price of CAD$0.07 for a period 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 Monster Property.
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 Securities 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.
For further information, please contact:
Scott Sheldon, President
Telephone: 604.725.1857
Email: [email protected]
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 believes that such expectations and
assumptions are reasonable, investors should not rely unduly on su ch 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
810 – 789 West Pender Street
Vancouver, BC V6C 1H2
T: 604-725-1857
CSE: GOCO
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.