Minnova Announces Private Placement of Units
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
MINNOVA ANNOUNCES PRIVATE PLACEMENT OF UNITS
NOT FOR DISSEMINATION INTO THE UNITED STATES
May 7, 2025, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF, " Minnova” or
the “Company”), is pleased to announce a non- brokered private placement financing for gross
proceeds of up to $800,000 through the issuance of up to 16,000,000 units (the "Units") at a price
of $0.05 per Unit (the "Offering").
Each Unit is comprised of one common share of the Company (each, a " Common Share") and
one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the
Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price
of $0.10 per Common Share for a period of two (2) years from the date of issuance, provided,
however, that should the closing price at which the Common Sh ares trade on the TSX Venture
Exchange (or any such other stock exchange in Canada as the Common Shares may trade at
the applicable time) exceed $0.20 for twenty (20) consecutive trading days at any time following
the date that is four months and one day after the date of issuance, the Company may accelerate
the Warrant term (the "Reduced Warrant Term") such that the Warrants shall expire on the date
which is 30 business days following the date a press release is issued by the Company
announcing the Reduced Warrant Term.
Gross proceeds raised from the Offering will be used for the Company's PL Mine including;
permitting, resource expansion and exploration drill program planning, 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 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 minimum 5- year mine life, was economically
robust. Importantly the global resource remains open to expansion, as does the reserve. The PL
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
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 proj ect is fully road
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
Investor Relations: [email protected]
Website: 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”, “anticipat e”,
“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 circumstan ces 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.