Halcones Precious Metals Announces $2.5M Life Offering Private Placement
Halcones Precious Metals Announces $2.5M Life Offering Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO, March 05, 2025 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSX – V: HPM) (the “Company” or “Halcones”)
announces that it has entered into an agreement with Clarus Securities Inc. and iA Private Wealth Inc. as co -lead agents (the “Co-lead
Agents”), on behalf of a syndicate of agents (collectively, the “Agents”) for a best efforts offering of up to $2,500,400 in gross proceeds
through an offering of up to 35,720,000 units of the Company (the “Units”) at $0.07 per Unit (the “Offering”). Each Unit is comprised of one
common share in the capital of the Company ( “Common Share”) and one-half of one Common Share purchase warrant (each whole
warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.10 per Common
Share for a period of 36 months following the completion of the Offering.
The Company plans to use the net proceeds of the Offering to continue the exploration work on its Polaris Project as well as general
corporate working capital purposes.
The Offering is scheduled to close on or about March 25, 2025 and is subject to certain conditions including, but not limited to, the receipt of
all necessary approvals including the approval of the TSX Venture Exchange (the “TSXV”). Subject to compliance with applicable regulatory
requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale
to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed
Issuer Financing Exemption”), through one or more exemptions from the registration requirements of the United States Securities Act of
1933, as amended (the “U.S. Securities Act”) pursuant to Ontario Securities Commission Rule 72 -503 - Distributions Outside Canada
(“OSC Rule 72 -503”) and/or other qualifying jurisdictions as agreed to by the Company and the Co -Lead Agents. The Offering is being
completed pursuant to the Listed Issuer Financing Exemption and OSC Rule 72-503 and therefore the securities issued in the Offering will
not be subject to a statutory hold period pursuant to applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the
Company’s website at www.halconespreciousmetals.com. Prospective investors should read this offering document before making an
investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities
have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
About Halcones Precious Metals Corp.
Halcones is focused on exploring for and developing gold-silver projects in Chile. The Company has a team with a strong background of
exploration success in the region.
For further information, please contact:
Vincent Chen, CPA
Investor Relations
www.halconespreciousmetals.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking
information includes, without limitation, regarding the Offering and the completion thereof, the Company’s intended use of proceeds from
the Offering, the approval of the Offering by the TSXV, the Company’s ability to explore and develop its Polaris project and the Company’s
future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or
“does not expect ”, “is expected ”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate ”, or
“believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different
from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign
jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining
industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Halcones does
not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.