Inomin Announces up to $600,000 Private Placement
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
NEWS RELEASE
Inomin Announces up to $600,000 Private Placement
Vancouver, British Columbia, May 2, 2023 – Inomin Mines Inc. (TSX.V: MINE) (“Inomin” or the “ Company”) is
pleased to announce a non-brokered private placement of securities to raise total gross proceeds up to $600,000 (the
“Offering”).
The Offering will be comprised of a combination of non-flow-through units (the “ NFT Units”) to be sold at a price of
$0.075 per NFT Unit and flow-through units (the “FT Units”) to be sold at a price of $0.10 per FT Unit. Each NFT Unit
will be comprised of one common share of the Company (a “Share”) and one warrant (a “Warrant”). Each FT Unit will
be comprised of one Share that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the
Income Tax Act (Canada) (the “Tax Act”) and one Warrant. The Warrants for all units will be subject to the same
terms, with each Warrant entitling the holder thereof to purchase one common share of the Company for a period of
two (2) years from the date of issuance at an exercise price of $0.15 per share.
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 exp enditures" as defined in subsection 127(9) of the Tax Act that will qualify as
"flow-through mining expendi tures", 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 co nnection w ith t he
Offering, subject to compliance with the policies of the TSX Venture Exchange . All securities issued and sold under
the Off ering will be subject to a hold period expiring four months and one da y from their date of issuance.
Completion of the Of fering and t he paym ent 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 b uy any of th e 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 t he 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
For more information please contact:
John Gomez
Tel. 604-643-1280
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
Neither TSX Venture Exchange nor its Regulation Servi ces Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 fut ure performance and reflect the
expectations or beliefs of management of the Co mpany r egarding 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, stat ements regarding discussions of future plans, estimates and forecasts and statements as
to management's expectations and intent ions 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 an d 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 markets for the
Company’s securities.
In making the forward looking statements in this news release, the Company has applied several material as sumptions, 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 anticipated, estima ted or intended. There can be no assurance that such statements will prove to be acc urate, as actual
results and future events co uld differ materially from those ant icipated in such statements. Accordingly, readers should not place
undue reliance on forwar d-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.