Halcones Precious Metals Closes Private Placem Ent Offering This N Ews R Elease is IN Tended FOR D Istribution IN C Anada O Nly a Nd is N Ot a Uthorized Fo R Distribution to United States Newswire Services OR FOR Dissemination IN the United States.
HALCONES PRECIOUS METALS CLOSES PRIVATE PLACEM
ENT OFFERING
THIS N EWS R ELEASE IS IN TENDED FOR D ISTRIBUTION IN C ANADA O NLY A ND IS N OT A UTHORIZED FO R
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Toronto, Ontario, August 26 , 2024 – Halcones Precious Metals Corp. (TSX V: HPM ) (the “ Company” or
“Halcones”) announce s that it has closed its previously announced non -brokered private placement
financing, on an oversubscribed basis, of 21,200,000 u nits (the “Units”) priced at $0.05 per Unit for gross
proceeds of $1,060,000 (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 completion of the Offering. Securities issued under the Offering are
expected to carry a holder period of 4 months and one day from the date of issue as may be required
under applicable securities laws.
The Company plans t o use t he aggregate n et proceeds o f the Offering to id entify an d e valuate mineral
properties for potential acquisition as well as general corporate working capital purposes.
In connection with the Offering , Halcones paid finder’s fees of $ 38,500 in cash and issued 770,000 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 $0.05 for a period of 36 months following the completion of the
Offering. The Offering is subject to the final approval of the TSX Venture Exchange.
An officer of the Company has subscribed for 2,000,000 Units pursuant to the Offering (the “Insider
Participation”). The Insider Participation is considered to be a “related party transaction ” as defined under
Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation
and minority shareholder approval requirements 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 Offering , the
closing of the Offering , the use of proceeds of the Offering , the Company’s ability to identify, evaluate and
acquire mineral properties 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 “doe s 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 t he 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 t o 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.