This News Release is Intended FOR Distribution IN Canada Only and is
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THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS
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DISSEMINATION IN THE UNITED STATES
Jan. 22, 2021
Black Mountain Gold Increases Amount of Private Placement
for proceeds of up to CDN $5,000,000
Black Mountain Gold USA Corp. (BMG: TSX.V) (“BMG” or the “Company”) announced
on January 19, 2021 that it was engaging in a non-brokered private placement (the "Private
Placement") of 10,000,000 units at a price of CDN $0.40 per unit, for gross proceeds of CDN
$4,000,000.
As a result of strong investor interest, the Company is increasing the Private Placement to
12,500,000 units at a price of CDN $ 0.40 per unit for proceeds of up to CDN $5,000,000.
The other terms and conditions of the Private Placement remain the same. Each unit will
consist of one common share and one-half share purchase warrant, each whole share
purchase warrant being exercisable for a period of two years at a price of CDN $0.60 per
share. The warrants will also be subject to an accelerated expiry in the event the common
shares of the company trade on the exchange at a price of CDN $1.00 or higher for 10
consecutive trading days. The private placement may include finders' fees of up to 8% cash.
To find out more about Black Mountain Gold USA Corp. please contact Investor Relations at
(604) 662-8184 or email [email protected].
BLACK MOUNTAIN GOLD USA CORP.
“Graham Harris”
CEO, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar
words or expressions identify forward-looking statements or information. These forward-looking statements or
Suite 2310 – 1177 West Hastings Street
Vancouver, BC Canada V6E 2K3
Tel: 604-662-8184 Fax: 604-602-1606
www.blackmountaingoldusa.com
information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves
or resources, regulatory or government requirements or approvals including approvals of title and mining rights or
licenses, the reliability of third party information, continued access to mineral properties or infrastructure, changes
in laws, rules and regulations in Arizona which may impact upon the Company or its properties or the commercial
exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the
market for gold/silver, changes in exploration costs and government royalties, export policies or taxes in Arizona and
other factors or information. The Company’s current plans, expectations and intentions with respect to development
of its business and of the Mohave Gold Project may be impacted by economic uncertainties arising out of Covid-19
pandemic or by the impact of current financial and other market conditions on its ability to secure further financing
or funding of the Mohave Gold Project. Such statements represent the Company’s current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social
risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or
achievements to be materially different from the results, performance or achievements that are or may be expressed
or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation,
to update these forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and information other than as required by applicable
laws, rules and regulations.