Inomin Announces Repricing of Private Placement
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
NEWS RELEASE
Inomin Announces Repricing of Private Placement
Vancouver, British Columbia, May 4, 2023 – Inomin Mines Inc. (TSX.V: MINE) (“Inomin” or the “ Company”)
announces that it has repriced its previously announced non-brokered private placement of units for gross proceeds of
up to $600,000 (the "Offering"). The Offering will be comprised of a combination of non-flow-through units (the "NFT
Units") and flow-through units (the “FT Units”).
The NFT Units have been repriced from $0.075 to $0.07 per NFT Unit. Each NFT Unit will be comprised of one common
share of the Company (each, a "Share") and one Share purchase warrant (a "NFT Warrant"). The new terms of each
NFT Warrant entitle the holder thereof to acquire one Share of the Company at a price of $0.1 3 for a period of 36
months from the closing date of the Offering.
There is no change to the previously announced price of the FT Units or their underlying securities. Each FT Unit will
be sold at a price of $0.10 per FT Unit. Each FT Unit will be comprised of one Share and one Share purchase warrant
(a "FT Warrant"). Each FT Warrant will entitle the holder thereof to acquire one Share of the Company at a price of
$0.15 for a period of 24 months from the closing date of the Offering.
Inomin intends to use t he gross proceeds raised from the Offering for exploration and related programs on the
Company’s mineral properties including drilling at the Beaver-Lynx project in south-central British Columbia where the
Company has made a significant critical minerals discovery. The proceeds from the issue and sale of the NFT Units
will also be used for general working capital purposes.
The entire gross proceeds from the issue and sale of the FT Units will be used for Canadian Exploration Expenses as
such term is defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the
Tax Act, and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act that will qualify as "flow-
through mining expenditures", and “BC flow -through mining expenditures” as defined in subsection 4.721(1) of the
Income Tax Act (British Columbia), which will be incurred on or before December 31, 2024 and renounced with an
effective date no later than December 31, 2023 to the initial purchasers of FT Units.
The Company may pay finders’ fees comprised of cash and non-transferable warrants in connection with the Offering,
subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering
will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering
and the payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United
States of America. The securities have not been and will not be registered under the United States Securities Act of
1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons (as defined in the 1933 Act ) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration is available.
About Inomin Mines
Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to
host significant resources , especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX
Venture Exchange under the symbol MINE. For more information visit www.inominmines.com and follow us on Twitter
@InominMines.
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
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Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
For more information please contact:
John Gomez
Tel. 604.643-1280
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.
Not for distribution to United States Newswire Services or for dissemination in the United States.
Cautionary Note Regarding Forward-looking Statements
This news 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 th e
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 informat ion and
these statements, referred to herein as "forward ‐looking statements", are not historical facts, are made as of the date o f this news
release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and stateme nts as
to management's expectations and intentions with respect to, among other things, completion of the Offering, the use of proceeds
from the Offering and the payment of finders’ fees under the Offering.
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 the Offering; recent market volatility; and the state of the financial marke ts for the
Company’s securities.
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 the Offering.
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 anti cipated, 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 rel iance 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.