Private Placement
PRIVATE PLACEMENT
Vancouver, BC, November 29 th, 2019 – iMetal Resources Inc. (TSX.V: IMR) (“iMetal” or the
“Company”) is pleased to announce that the TSX Venture Exchange has conditionally approved
a non-brokered hard dollar private placement of $309,995.
The Company will issue 4,428,500 units at a price of $0. 07 per unit (the “Units”). Each Unit
consists of one common share (the “Shares”) an d one two-year share purchase warrant (the
“Warrants”). Each Warrant will entitle the holder to purchase one additional common share,
exercisable at a price of $0. 10 per share for the first twelve months from the date of issue and
at a price of $0.15 per share for the remaining twelve months.
All securities issued under the private placement are subject to a mandatory hold period of four
months plus one day following the closing of the private placement.
Finders fees totalling $5,250 in cash will be paid.
The proceeds of this private placement will be used for working capital and property
development.
ON BEHALF OF THE BOARD OF DIRECTORS,
“Johan Grandin”
President & CEO, iMetal Resources, Inc.
Tel. (604)-739-9713
510-580Hornby St., Vancouver, BC, V6C 3B6 / https://imetalresources.ca
iMetal Resources Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource
properties. iMetal is focused on advancing its Gowganda West Project in Ontario, Canada. iMetal trades on the TSX Venture Exchange
under the ticker symbol IMR. For further information, please call 604- 739-9713 or visit iMetal’s website at www.imetalresources.ca.
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.