US OTC: MMNGF Metallic Minerals Corp. Closes C$550,000 Flow-Through Private Placement Financing
TSX-V: MMG
US OTC: MMNGF
Metallic Minerals Corp. Closes C$550,000 Flow-Through
Private Placement Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
June 26, 2017, Vancouver, B.C., Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic”
or the “Company”) is pleased to announce that it has raised aggregate proceeds of $550,000 through the
issuance of 1.375 million common shares (the “Private Placement”) on a flow-through basis (“Flow-
Through Shares”) at a price of $0.40 per Flow-Through Share, which represents a greater than 20%
premium to the closing price on the TSX-V on June 23, 2017.
Proceeds from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration
Expenses at Metallic‘s flagship Keno Silver Project located in the Keno Hill Mining District in central Yukon
Territory, Canada.
Greg Johnson, CEO and Chairman, noted, "We are pleased to have closed this flow-through private
placement which enhances the available funds for drilling on our Keno Silver Project and will enable us to
expand these efforts both in terms of metres and locations. The Company launched its 2017 exploration
season in late May with the first phase of work focused on targeted geophysical and geochemical surveys,
stratigraphic mapping, and trenching to further refine the identified priority targets. Phase 1 drilling is
expected to commence upon completion of this initial exploration work and will focus on testing down-dip
and along-strike extensions of previously identified mineralization along the known mineralized trends,
including at some of the historic producing mines on the property. We anticipate additional news over the
coming weeks and months as results are received from our exploration activities and as we continue to
assess opportunities to create long-term value for our shareholders.”
The Flow-Through Shares are subject to a hold period of four months and one day from their date of
issuance under applicable Canadian securities laws, expiring October 23, 2017.
Metallic has agreed to pay a finder’s fee of 6% of the gross proceeds and will issue finder’s warrants equal
to 6% of the Flow-Through Shares sold. Each finder’s warrant will entitle the holder to purchase one
common share of the Company at a price of $0.50 for a period of two years from closing. If, any time after
the closing date, the closing price for the common shares on the TSX Venture Exchange trades above
$0.75 for 10 consecutive trading days, the Company may provide written notice of acceleration of the
expiry date of the finder’s warrants. The expiry date for the finder’s warrants will thereafter be accelerated
to the date a minimum of 30 days after the date of delivery of such notice, or such greater period as the
Company may determine.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale
would be unlawful.
About Metallic Minerals Corp.
Metallic Minerals Corp. is a growth stage exploration company focused on the acquisition and
development of high-grade silver and gold in the Yukon within underexplored districts proven to produce
top-tier assets. Our objective is to create value through a disciplined, systematic approach to exploration,
reducing investment risk and maximizing probability of long-term success. Our core Keno Silver Project is
located in the historic Keno Hill silver district of Canada's Yukon Territory, a region which has produced
over 200 million ounces of silver and currently hosts one of the world’s highest-grade silver resources.
Metallic Minerals is led by a team with a track record of discovery and exploration success, including large
scale development, permitting and project financing.
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: www.metallic-minerals.com
Email: [email protected]
Phone: 604-629-7800
Toll Free: 1-888-570-4420
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed "forward-
looking statements". All statements in this release, other than statements of historical facts including, without
limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the
realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the
timing and success of exploration activities generally, the timing and results of future resource estimates,
permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of
exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company
are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially
from those in the forward-looking statements. Forward-looking statements are based on a number of material
factors and assumptions. Factors that could cause actual results to differ materially from those in forward-
looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in
project parameters as plans continue to be refined, results of future resource estimates, future metal prices,
availability of capital and financing on acceptable terms, general economic, market or business conditions, risks
associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a
timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals,
unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other
risks detailed herein and from time to time in the filings made by the companies with securities regulators.
Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated
economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly,
the actual events may differ materially from those projected in the forward-looking statements. For more
information on Metallic Minerals and the risks and challenges of their businesses, investors should review their
annual filings that are available at www.sedar.com.
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.