Halcones Precious Metals Closes First Tranche of Private Placement Offering
HALCONES PRECIOUS METALS CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT OFFERING
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, Ontario, July 14, 2023 – Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or
“Halcones”) has closed the first tranche (the “ First Tranche”) of its previously announced non-brokered
private placement financing (the “Offering”). The Company issued 24 ,862,925 units (the “Units”) at a price
of $0.05 per Unit for gross proceeds of $1,243,146.25. Please see the Company’s press release dated June
21, 2023 for further details regarding the Offering.
Each Unit is comprised of one common share in the capital of the Company (each a “ Common Share”) and
one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles
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 date hereof. Securities issued under the O ffering carry a hold period of 4 months
and one day from the date hereof as required under applicable securities laws.
The Company plans to use the aggregate net proceeds of the First Tranche to continue the exploration work
on the Company’s Carachapampa project as well as general corporate working capital purposes. The
Company intends to complete the second tranche of the Offering on or before August 4, 2023. The
Offering is subject to the recei pt of all necessary approvals, including the approval of the TSX Venture
Exchange.
In connection with the First Tranche, Halcones paid finder’s fees of $ 5,250 in cash and issued 105,000 non-
transferable finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder thereof
to acquire one Common Share at a price of $0.10 for a period of time following the date hereof.
Certain directors and officers of the Company have subscribed for 8,562,925 Units in the First Tranche (the
“Insider Investment”). The Insider Investment constitutes a related party transaction, as such term is defined
under the policies of the TSXV, and the Company has relied on certain exemptions from the minority approval
and formal valuation requirements under Multilateral Instrument 61 -101 – Protection of Minority Security
Holders in Special Transactions (“ MI 61-101 ”) as the fair market value of the aggregate Insider Investment
is below 25% of the Company's market capitalization for the purposes of Sections 5.5(a) and 5.7(1)(a) of MI
61-101.
The securities being offered have not, nor will they be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit
of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This release does not constitute an offer for sale of securities in the United States.
About Halcones
Halcones Precious Metals Corp. is focused on exploring for and developing gold -silver projects in the
Maricunga Belt, Chile, the premiere gold mining district in South America. The Company has a team with a
strong background of exploration success in the region.
For further information, please contact:
Vincent Chen
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 First Tranche
and the Offering, the closing of the Offering , the use of proceeds of the First Tranche and the Offering 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.