Minnova Corp. Announces Private Placement
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Minnova Corp. Announces Private Placement
NOT FOR DISSEMINATION INTO THE UNITED STATES
January 16, 2023, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF, "Minnova”
or the “Company”), is pleased to announce a non-brokered private placement of up to 10,000,000
common shares in the capital of the Company (the “ Common Shares”) at a price of $0. 05 per
Common Share for gross proceeds of up to $500,000 (the “ Offering”). The proceeds of the
Offering will be used for work programs related to: a) renewable energy development plans and
b) exploration and development programs related to the restart o f mining operations at the
Company's PL Mine, as well as for general working capital purposes.
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals,
including the approval of TSX Venture Exchange. All securities issued in connection with the
Offering will be subject to a hold period of four months plus a day from the date of issuance and
the resale rules of applicable securities legislation.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons as
defined under applicable United States securities laws unless registered under the U.S. Securities
Act and applicable state securities laws or an exemption from such registration is available.
About Minnova Corp.
Minnova Corp. is an evolving cleantech company building a worldwide pipeline of green energy
projects. Our subsidiary, Minnova Renewable Energy, is focused on innovative carbon reduction
technologies such as the 3rd generation biomass gasification technology developed by DUMA
Engineering (2018) Inc. As of September 30, 2022 Minnova owns 50% interest in DUMA.
Acquisition of the remaining 50% interest will consist of a combination of cash payments and
shares and will be dependent on several conditions, including; a) long run test performance of the
demonstration plant to produce a 50% hydrogen content syngas, b) other techno -economic and
environmental considerations, and c) filing of patent applications. In addition to receipt of all
regulatory approvals.
Prior to 2021 Minnova Corp. has focused on the restart of its PL Gold Mine , which included
completion of a Positive Feasibility Study in 2018. The study concluded the restart of the PL Mine,
at an average annual production rate of 46,493 ounces over a mini mum 5-year mine life was
economically robust. Importantly the global resource remains open to expansion , as does the
reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a
valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant,
over 7,000 meters of developed underground ramp to -135 metres depth. The project is fully road
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of
Central Manitoba.
For more information please contact:
Minnova Corp.
Gorden Glenn
President & Chief Executive Officer
For further information, please contact Investor Relations at 647-985-2785 or
Visit our website at www.minnovacorp.ca
Forward Looking Statements
Neither the 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 contains certain “forward-looking information” within the meaning of applicable securities laws. Forward
looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”,
“estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or
conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.
For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the
Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking
information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is
cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction
may constitute a violation of U.S. Securities laws.