Halcones Precious Metals Closes Third Tranche of Private Placement Offering
HALCONES PRECIOUS METALS CLOSES THIRD 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 31, 2023 – Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or
“Halcones”) has closed the third tranche (the “ Third Tranche”) of its previously announced non -brokered
private placement financing (the “Offering”). The Company issued 14,600,000 units (the “Units”) a price of
$0.05 per Unit for gross proceeds of $730,000 in the Third Tranche and together with the first two tranches
of the Offering, the Company has issued an aggreg ate of 54,262,925 Units for aggregate gross proceeds of
$2,713,146.
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 Third Tranche to continue the exploration work
on the Company’s Carachapampa project as well as general corporate working capital purposes. The
Offering is subject to the receipt of all necessary approvals, including the approval of the TSX Venture
Exchange. The Company expects to close the final tranche of the Offering in August 2023.
In connection with the Third Tranche, Halcones paid finder’s fees of $40,250 in cash and issued 735,000 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 time following the date hereof.
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 Second
Tranche and the Offering, the closing of the Offering , the use of proceeds of the Third 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 pr ove 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 forwar d-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.