Inomin Amends Terms of Canada Metals Acquisition
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
NEWS RELEASE
Inomin Amends Terms of Canada Metals Acquisition
Vancouver, British Columbia, October 27, 2020 – Inomin Mines Inc. (TSX.V: MINE)
(“Inomin” or the “Company”) announces an amendment to the share purchase agreement
pursuant to which the Company proposes to acquire all of the shares of Canada Metals Ltd.
(“Canada Metals”), as announced in the Company’s news release dated May 4, 2020 (the
“Transaction”).
As announced in the Company’s May 4, 2020 news release, the Company had originally agreed
to acquire the shares of Canada Metals in consideration for two million common shares and two
million share purchase warrants of the Company. Pursuant to the amendment, the parties have
agreed to reduce the consideration for the Canada Metals shares as Inomin will now acquire the
shares of Canada Metals in exchange for one million common shares of the Company.
Canada Metals is a private Australian company – backed by Melbourne-based investment
management firm Peak Asset Management Pty Ltd. – that has cash assets of $50,000. Canada
Metals provides Inomin with cash and financial support from Peak Asset Management (“Peak”).
Inomin president John Gomez says, “We’re pleased to be completing the acquisition of Canada
Metals and continue working with Peak on future capital raises.”
The closing of the Transaction is subject to acceptance by the TSX Venture Exchange (the
“Exchange”).
All securities issued in connection with the Transaction will be subject to a four-month and one
day hold period from the closing date of the Transaction under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable securities laws of
jurisdictions outside Canada.
Technical Report Update
In other business, Inomin has submitted a National Instrument 43-101 technical report to the
Exchange as part of the information requested by the Exchange to complete the acquisition of
the La Gitana gold-silver project in Mexico, as announced in the Company’s news release dated
August 4, 2020.
About Inomin Mines
Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties
especially gold and nickel projects that display strong potential to host significant mineral
resources. Inomin is completing the acquisition of the La Gitana and Pena Blanca gold-silver
properties in Mexico. The Company holds a 100% interest in the Beaver-Lynx sulphide nickel
project in south-central British Columbia, and the Fleetwood zinc-copper-gold-silver VMS project
in south-west British Columbia. Inomin also owns 100% of the King’s Point gold-copper-zinc
project in Newfoundland under option to Maritime Resources Corp. (TSX.V MAE). Inomin trades
on the TSX Venture Exchange under the symbol MINE. For more information visit
www.inominmines.com and follow us on Twitter @InominMines.
Inomin Mines Inc. 400 Burrard Street, Suite 1130, Vancouver, BC Canada V6C 3A6
www.inominmines.com
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information please contact:
John Gomez
Tel. 604.566.8703
Neither 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.
Forward-Looking Statements:
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and
information that may constitute forward-looking information within the meaning of applicable Canadian
securities laws. Forward-looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally, forward-
looking statements and information can be identified by the use of forward-looking terminology such as
“intends” or “anticipates”, or variations of such words and phrases or statements that certain actions,
events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements,
referred to herein as "forward ‐looking statements", are not historical facts, are made as of the date of this
news release and include without limitation, statements regarding discussions of future plans and
intentions with respect to, among other things, completion of the Transaction.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking statements. These risks and uncertainties
include, among other things, the Company not receiving the necessary regulatory approvals in respect of
any of the transactions contemplated herein, including the approval of the Exchange of the Transaction;
recent market volatility; the state of the financial markets for the Company’s securities; and the ability for
the Company to complete the Transaction as negotiated.
In making the forward looking statements in this news release, the Company has applied several material
assumptions, including without limitation, that the Company will receive the necessary regulatory
approvals in respect of each of the transactions contemplated herein, including the approval of the
Exchange of the Transaction; and the Company will be able to complete the Transaction.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and forward-looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward-looking statement, forward-looking information or financial out-
look that are incorporated by reference herein, except in accordance with applicable securities laws. We
seek safe harbor.