TriMetals Mining Announces Closing of Agents’ Option for Additional Units
NEWS RELEASE: 17-10
Not for distribution to U.S. news wire services or dissemination in the United States.
TriMetals Mining Announces Closing of
Agents’ Option for Additional Units
June 8, 2017, Vancouver, British Columbia —TriMetals Mining Inc. (TSX: TMI,
OTCQX: TMIAF) (the “Company” or “TMI”) is pleased to announce that in connection with
its recently closed brokered private placement for gross proceeds of $3.5 milli on (the
“Offering”) announced in its news release of June 2, 2017, the syndicate of agents led by BMO
Capital Markets and including PI Financial Corp. and GMP Securities L.P. (collectively, the
“Agents”) exercised the agents’ option granted by the Company and have arranged fo r the
purchase of an additional 1,458,270 units (the “ Additional Units ”). Each Additional Unit
consists of one common share of the Company ( a “Common Share ”) and one -half of one
Common Share purchase warrant of the Company (each whole Common Share purchase
warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a
price of $0.30 for a period of 30 months. As a result, the Company has received gross proceeds
of $3,853,985 from the Offering.
Net proceeds from the sale of the Ad ditional Units of approximately $329,000, combined with
the net proceeds of approximately $3,249,000 received on June 2, 2017 (previously incorrectly
disclosed as $3,048,000), will be used for the continued exploration and resource expansion at
the Gold Springs gold-silver project and for general corporate purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold 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 securities in the United States, nor shall there
be any sale of these securities in any jurisdiction in which such offe r, solicitation or sale would
be unlawful.
About TriMetals Mining Inc.
TriMetals Mining Inc. is a growth focused mineral exploration company creating value through
the exploration and development of the near surface, Gold Springs gold -silver project in mining
friendly Nevada and Utah in the U.S.A.
The Company’s approach to business combines the team’s track record of discovery and
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advancement of large projects, key operational and process expertise, and a focus on community
relations and sustainable devel opment. Management has extensive experience in the global
exploration and mining industry.
The Company’s common shares and Class B shares are listed on the Toronto Stock Exchange
under the symbols “TMI” and “TMI.B” and the common shares and Class B shares also trade on
the OTCQX market under the symbol “TMIAF” and “TMIBF”. Note that the Class B shares have
no interest in the properties or assets of the Company other t han a collective entitlement to 85%
of the net cash, if any, (after deducting all costs, taxes and expenses and the third-party funder's
portion thereof) received by TMI from award or settlement in relation to the Company’s
subsidiary South American Silver Limited’s arbitration proceeding against Bolivia for the
expropriation of the Malku Khot a project in 2012. Additional information related to TriMetals
Mining Inc. is available at www.trimetalsmining.com and on SEDAR at www.sedar.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward -looking statements". Forward-looking
statements look into the future and provide an opinion as to the effect of certain events and trends on the
business. Forward-looking statements may include words such as "intends", “continue”, “creating”, and
similar expressions. These for ward- looking statements are based on current expectations and entail
various risks and uncertainties. Actual results may materially differ from expectations, if known and
unknown risks or uncertainties affect our business, or if our estimates or assumptio ns prove inaccurate.
Factors that could cause results or events to differ materially from current expectations expressed or
implied by the forward -looking statements, include, but are not limited to, the outcome of the
international arbitration process, in cluding the timing and the quantum of damages to be obtained,
management's expectation with regard to the final amount of costs, fees and other expenses and
commitments payable in connection with the arbitration, and any inability or delay in the collectio n of
the value of any award or settlement; and risks of the mineral exploration industry which may affect
the advancement of the Gold Springs or Escalones projects, including possible variations in mineral
resources or grade, recovery rates, metal prices, availability of sufficient financing to fund further
required work in a timely manner and on acceptable terms, availability of equipment and qualified
personnel, failure of equipment or processes to operate as anticipated, changes in project parameters as
plans continue to be refined; and other risks more fully described in the Company's Annual Information
Form filed and publicly available on SEDAR at www.sedar.com. The assumptions made in developing
the forward-looking statements include: the ability of th e Company to realize value from its investments
in Bolivia; the arbitration proceeding in a customary manner and in accordance with Procedural Order
No. 1 (as amended in April and June 2015 and in January 2016) and the third party funder honouring
its contractual commitments, the accuracy of current resource estimates and the interpretation of drill,
metallurgical testing and other exploration results; the continuing support for mining by local
governments in Nevada, Utah and Chile, the availability of equi pment and qualified personnel to
advance the Gold Springs project; and the execution of the Company's existing plans and further
exploration and development programs for the Gold Springs Project, which may change due to changes
in the views of the Company or if new information arises which makes it prudent to change such plans
or programs.
Readers are cautioned not to place undue reliance on the forward -looking statements contained in this
news release. Except as required by law, the Company assumes no obli gation to update or revise any
forward-looking statement, whether as a result of new information, future events or any other reason.
Unless otherwise indicated, forward -looking statements in this news release describe the Company's
expectations as of June 8, 2017.
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The TSX has not approved or disapproved of the contents of this news release.
TriMetals Mining Inc. Contact:
Ralph Fitch
President & CEO
303.584.0606
Matias Herrero
Chief Financial Officer
303.584.0606