Walcott Resources Ltd. Closes Initial Public Offering and Announces Listing ON the Canadian Securities Exchange
WALCOTT RESOURCES LTD.
1315 Moody Avenue
North Vancouver, British Columbia
V7L 3T5
WALCOTT RESOURCES LTD. CLOSES INITIAL PUBLIC OFFERING AND ANNOUNCES LISTING ON THE
CANADIAN SECURITIES EXCHANGE
July 30, 2019 Canadian Securities Exchange
Trading Symbol: WAL
Vancouver, British Columbia – Walcott Resources Ltd. (the "Company" or "Walcott") is pleased to
announce that it has completed its initial public offering (the " Offering") pursuant to a prospectus
dated May 15, 2019 (the “Prospectus”). Pursuant to the Offering, the Company issued an aggregate
of 3,500,000 common shares of the Company (each, a " Share") at a purchase price of $0.10 per
Share for gross proceeds of $350,000.
Upon completion of the Offering, the Company has 11,920,000 common shares issued and
outstanding, of which 4,903,300 common shares are subject to escrow.
PI Financial Corp. ("PI") acted as agent on a commercially reasonable efforts basis in respect of the
Offering and received a cash commission and corporate finance fee in consideration for its services.
In addition, PI received 315,000 non-transferable warrants to acquire up to 315,000 Shares at a price
of $0.15 per Share until July 30, 2021.
Proceeds of the Off ering will be applied to the Company’s exploration work on the Property (as
defined below) and for general working capital purposes.
Walcott is also pleased to announce that it received approval to list the Company's common shares
on the Canadian Securities Exchange (the “Exchange”). Walcott’s common shares were listed on the
Exchange on July 30, 2019 and immediately halted pending closing of the Offering. The c ommon
shares are expected to commence trading on the Exchange on or about July 31, 2019 under the
trading symbol "WAL".
Additional information on the Company, the Offering and the Property (as defined below), can be
found in the Company’s Prospectus and the NI 43-101 Technical Report on the Property, as filed on
SEDAR at www.sedar.com.
About Walcott Resources Ltd.
Walcott is a British Columbia based company involved in the acquisition and exploration of mineral
properties in Canada. The Company holds an option to acquire a 100% undivided interest, subject
only to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill copper-
gold-cobalt property (the " Property"), consisting of eight mineral claims covering an area of
approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British
Columbia, Canada. The Company’s objective is to explore and develop the Property.
On behalf of the board of directors
Marshall Farris, President & Chief Executive Officer
Email: [email protected]
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This press release includes "forward-looking information" that is subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of the Company. Forward- looking
statements may include but are not limited to, statements relating to the trading of the Company's
common shares on the Exchange and the Company's use of proceeds and are subject to all of the
risks and uncertainties normally incident to such events. Investors are cautioned that any such
statements are not guarantees of future events and that actual events or developments may differ
materially from those projected in the forward- looking statements. Such forward- looking
statements represent management's best judgment based on information currently available.
No securities regulatory authority has either approved or disapproved of the contents of this news
release. The Shares have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, or any state securities laws, and may not be offered or sold in the United
States, or to or for the account or benefit of any person in the United States, absent registration or
an applicable exemption from the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in
any other jurisdiction in which such offer, solicitation or sale would be unlawful. We seek safe
harbour.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this news release.