Barsele Minerals Closes $2.1 Million Private Placement
A Belcarra Group Company
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
BARSELE MINERALS CLOSES $2.1 MILLION PRIVATE PLACEMENT
February 1, 2021 – Vancouver, BC: Barsele Minerals Corp. (TSX.V:BME) (the “Company” or “Barsele”) is pleased to
announce that it has closed its non -brokered private placement (the “ Offering”) announced on January 20, 2021.
The Offering consisted of the sale and issuance of 3,176,845 common shares of the Company (the “Shares”) issued
at a price of $0.65 per Share for aggregate gross proceeds of $2,064,949.25.
The Company will use the net proceeds from the Offering for working capital requirements and other general
corporate purposes.
On January 28, 2021, the Company received the conditional approval of the TSX Venture Exchange to increase the
size of the Offering from 3,076,924 Shares to up to 3,384,616 Shares. All Shares issued pursuant to the Offering are
subject to a statutory four month and one day hold period expiring on June 2, 2021.
In connection with the Offering, Barsele will pay finder’s fees of: (i) $30,000 to Haywood Securities Inc.; (ii) $35,127
to Canaccord Genuity Corp.; and (iii) $53,820 to Leede Jones Gable.
The Shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933,
as amended, or an y state securities laws and may not be offered or sold in the United States or to U.S. Persons
absent registration or an applicable exemption from registration. This press release is not an offer or a solicitation
of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Barsele Minerals Corp.
Barsele is a Canadian -based junior exploration company managed by the Belcarra Group, comprised of highly
qualified mining professionals. Barsele’s main property is the Barsele Gold Project in Västerbottens Län, Sweden, a
joint venture with Agnico Eagle. An updated NI 43-101 Technical Report on the Barsele Project with an effective date
of February 21, 2019, was filed on SEDAR on April 2, 2019.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
For further information, please contact Barsele Minerals Corp. at (604) 687 -8566 x228, email
[email protected] or visit our website at www.barseleminerals.com.
Barsele Minerals Closes $2.1 Million Private Placement
February 1, 2021
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FORWARD LOOKING STATEMENTS
This news release may contain forward-looking statements, including, but not limited to, statements with respect to
use of proceeds of the Offering, timing and content of upcoming work programs, geological interpretations, receipt
of property titles, potential mineral recovery processe s, etc. These statements reflect management ’s current
estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward -looking
statements address future events and conditions and therefore involve inherent risks and uncertainties. Such factors
include, among other things: risks and uncertainties relating to exploration and development, the ability of the
Company to obtain additional financing, the need to comply with environmental and governmental regulations,
fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties,
including those described in the Company’s financial statements and management discussion and analysis (“MD&A”)
available on www.sedar.com. The risk factors identified in the financial statements and MD&A are not intended to
represent a complete list of factors that could affect the Company. Actual results may differ materially from those
currently anticipated in such statements and the Company undertakes no obligation to update such statements,
except as required by law.
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.