Infinico Metals Amends Terms of Non-Brokered Private Placement
Infinico Metals Amends Terms of Non-Brokered Private Placement
Vancouver, Canada, May 23, 2024 – Infinico Metals Corp. (“Infinico” or the “Company”) (TSX-V:
INFM) announces that, further to its news release of May 2, 2024 (the “Initial News Release”), it has
amended the offering price of the charity flow-through units (the “CFT Units”) to $0.138 per CFT Unit
as a result of current market conditions. There are no changes to any other term of the offering (the
“Offering”). For more information regarding the full terms of the Offering, see the Initial News Release.
The Offering, including the amendment to the offering price of the CFT Units, is subject to regulatory
approval, including the approval of the TSX Venture Exchange, and all securities issued and issuable
pursuant to the Offering will have a hold period of four months and one day. Closing of the Offering is
anticipated to occur on or about June 14, 2024.
About Infinico Metals Corp.
Infinico Metals Corp. is a public company on the TSX Venture Exchange (TSX-V: INFM) focusing on
the exploration for critical metals in the province of Québec. The Company has signed option agreements
on the Nicobi Project, hosting magmatic Ni-Cu-Co sulphide mineralization, and on the Dalhousie
Project, which also hosts magmatic Cu-Co-Ni sulphide mineralization, and a recently discovered lithium
bearing pegmatite.
For more information, please contact:
Sam Walding, Chief Executive Officer
Telephone: +44 7568 508610
www.infinicometals.com
Forward Looking Statements
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.
This News Release includes certain “forward-looking statements” which are not comprised of historical
facts. Forward looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Forward looking statements may be identified by such terms as
“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since
forward-looking statements are based on assumptions and address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other factors involved with forward-
looking information could cause actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, the Offering, the Company’s objectives,
goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral
resources, exploration and mine development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to differ materially from such
forward-looking information include, failure to complete the Offering on the terms announced herein or
at all, failure to identify mineral resources, failure to convert estimated mineral resources to reserves,
the inability to complete a feasibility study which recommends a production decision, the preliminary
nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, inability to fulfil the duty to accommodate First
Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital and operating costs varying significantly
from estimates and the other risks involved in the mineral exploration and development industry, an
inability to predict and counteract the effects of COVID-19 on the business of the Company, including
but not limited to the effects of COVID-19 on the price of commodities, capital market conditions,
restriction on labour and international travel and supply chains, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.