Hot Chili Limited Reports Conversion of Convertible Notes
Hot Chili Limited Reports Conversion of
Convertible Notes
NEWS RELEASE BY HOT CHILI LIMITED
Hot Chili Limited (ASX:HCH; TSXV:HCH; OTCQX:HHLKF) ("Hot Chili" or the "Company") advises that
it has issued an aggregate of 33,704 ordinary shares of the Company ("Ordinary Shares") at a
deemed value of A$1.6665 per Ordinary Share to a holder of convertible notes of the Company (the
"Convertible Notes") that elected to convert its Convertible Notes in accordance with the terms
thereof. The Convertible Notes were issued by the Company on the terms set out in a trust deed
dated May 25, 2017 and varied June 19, 2017.
The Ordinary Shares were issued to persons in offshore jurisdictions pursuant to Ontario Securities
Commission Rule 72-503 – Distributions Outside Canada and such securities are not subject to a
statutory hold period.
About Hot Chili
Hot Chili Limited is a mineral exploration company with assets in Chile. The Company's
flagship project, Costa Fuego, is the consolidation into a hub of the Cortadera porphyry
copper-gold discovery and the Productora copper-gold deposit, set 14 km apart in an
excellent location – low altitude, coastal range of Chile, infrastructure rich, low capital
intensity. The Costa Fuego landholdings, contains an Indicated Resource of 725Mt
grading 0.47% CuEq (copper equivalent), containing 2.8 Mt Cu, 2.6 Moz Au, 10.4 Moz Ag,
and 67 kt Mo and an Inferred Resource of 202 Mt grading 0.36% CuEq containing 0.6Mt
Cu, 0.4 Moz Au, 2.0 Moz Ag and 13 kt Mo, at a cut-off grade of +0.21% CuEq for open pit
and +0.30% CuEq for underground. The Company is working to advance its Costa Fuego
Project through a preliminary feasibility study (followed by a full FS and DTM), and test
several high-priority exploration targets.
Certain statements contained in this news release, including information as to the future
financial or operating performance of Hot Chili and its projects may include statements
Perth, Australia | June 08, 2022 07:00 AM Eastern Daylight Time
that are "forward ‐ looking statements" which may include, amongst other things,
statements regarding targets, estimates and assumptions in respect of mineral reserves
and mineral resources and anticipated grades and recovery rates, production and
prices, recovery costs and results, and capital expenditures and are or may be based on
assumptions and estimates related to future technical, economic, market, political, social
and other conditions.These forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by Hot Chili,
are inherently subject to significant technical, business, economic, competitive, political
and social uncertainties and contingencies and involve known and unknown risks and
uncertainties that could cause actual events or results to differ materially from estimated
or anticipated events or results reflected in such forward ‐ looking statements.
Hot Chili disclaims any intent or obligation to update publicly or release any revisions to
any forward ‐ looking statements, whether as a result of new information, future events,
circumstances or results or otherwise after the date of this news release or to reflect the
occurrence of unanticipated events, other than as may be required by law. The words
"believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends",
"continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify
forward ‐ looking statements.
All forward ‐ looking statements made in this news release are qualified by the foregoing
cautionary statements. Investors are cautioned that forward ‐ looking statements are not
a guarantee of future performance and accordingly investors are cautioned not to put
undue reliance on forward ‐ looking statements due to the inherent uncertainty therein.
Neither the 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 news release.
Contact Details
Investor Relations
Graham Farrell
+1 416-842-9003
Investor Relations
Jonathan Paterson
+1 475-477-9401
Managing Director
Christian Easterday
Company Website
https://www.hotchili.net.au/investors/
Tags
COPPER ESG BATTERYMINERALS CHILE MINING