Inspiration Energy Corp Financing
INSPIRATION ENERGY CORP FINANCING
Vancouver, British Columbia, October 04, 2024 : INSPIRATION ENERGY CORP. (the
“Company” or “Inspiration”) (CSE: ISP) is pleased to announce that it intends to complete a
non-brokered private placement financing (the “ Offering”) for aggregate gross proceeds of
$230,000 from the sale of up to 4,600,000 units of the Company at $0.05 per unit (each a “Unit”).
Inspiration has obtained CSE price protection for the securities issued under the Offering.
Each Unit will comprise one common share (each, a “Unit Share”) and one transferable common
share purchase warrant (each warrant a “Warrant”) of the Company. Each Warrant will entitle the
subscriber to purchase one common share of the Company (each, a “ Warrant Share”) for a 60-
month period after the closing date of the Offering at an exercise price of $0.05 per share.
Closing of the Offering is subject to certain conditions, including, but not limited to, the receipt of
all necessary regulatory and other approvals. Net proceeds of the financing will be used to advance
the Company's Marachino Uranium Project in the Thelon Basin and for general working capital
purposes.
Shares issued pursuant to the Offering will be subject to a four -month hold period according to
applicable securities laws of Canada.
About Inspiration Energy Corp.
Inspiration Energy Corp. is engaged in the business of mineral exploration and the acquisition of
mineral property assets in Canada. Its objective is to locate and develop properties of merit and to
conduct exploration on the Company’s properties. For more information, please refer to the
Company's information available on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: [email protected]
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this news release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements, which relate to
future events or future performance and reflect management’s current expectations and assumptions. Such forward -
looking statements reflect management’s curre nt beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises
nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or
circumstances. All of the forward -looking statements made in this press release are qualified by these cautionary
statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).