Heartfield Announces Closing of Private Placement
HEARTFIELD MINING CORP.
Suite 200, 551 Howe Street
Vancouver, British Columbia, V6C 2C2
NEWS RELEASE
HEARTFIELD ANNOUNCES CLOSING OF PRIVATE PLACEMENT
May 9, 2023 – Heartfield Mining Corp. (CSE – HMC, the “Company”) is pleased to announce that it has closed its non-brokered private placement offering (the “Offering”) for gross proceeds of $35,000. In connection with completion of the Offering, the Company issued 875,000 units (each, a “Unit”) at a price of $0.04 per Unit. Each Unit consists of one common share and one common share purchase warrant entitling the holder to acquire a further common share of the Company at a price of $0.10 per share until May 5, 2025.
The proceeds of the placement will be used by the Company for general working capital purposes. No finders’ fees or commissions were be paid in connection with the completion of the Offering, and all securities issued in the Offering will be subject to a four-month-and-one-day statutory hold period until September 6, 2023.
For further information, contact Michael Dake, Chief Executive Officer at [email protected].
On behalf of the Board of Directors,
HEARTFIELD MINING CORP.
Michael Dake, Chief Executive Officer
Cautionary Note Regarding Forward-looking Information
Certain statements in this release are forward-looking statements, which reflect assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated May 12, 2022, and filed under the Company’s profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward looking-looking statements or forward-looking information, except as required by law.