US OTC: MMNGF Metallic Minerals Corp. Completes C$1.38 Million Flow-Through Private Placement Financing
TSX-V: MMG
US OTC: MMNGF
Metallic Minerals Corp. Completes C$1.38 Million Flow-Through
Private Placement Financing
December 28, 2017, Vancouver, B.C., Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (the
“Company”) is pleased to announce that it has completed a private placement for aggregate proceeds of $1.38 million
through the issuance of 3.45 million common shares on a non-brokered flow-through basis at a price of $0.40 per
flow-through share (the “Private Placement”), which represents an approximate 5% premium to the five day VWAP
on the TSX Venture Exchange (“TSX-V”). Proceeds from the Private Placement are intended to be used toward
eligible Canadian Exploration Expenses, within the meaning of the Income Tax Act (Canada), at the Company’s
Yukon silver projects.
Greg Johnson, CEO and Chairman, noted, "We are pleased to complete this flow-through Private Placement, which
will be directed toward the ongoing exploration and development of our Keno Silver Project in the high-grade, historic
Keno Silver District of Canada’s Yukon Territory, as well as at our nearby McKay Hill Project.”
The Private Placement is subject to final TSX-V approval and 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 law.
The Company has agreed to pay finder fees of 6% on a portion of the financing and to issue 80,250 finder warrants
with each finder warrant exercisable into one common share of the Company at a price of $0.45 per share for a
period of 24 months from the date of closing. If at any time after the closing date, the closing price for the common
shares on the TSX-V trades above $0.75 for 10 consecutive trading days, the Company may provide written notice
of acceleration of the expiry date of the finder warrants.
The flow-through shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and
applicable U.S. state securities laws.
The Company also announces the departure of Ms. Connie Norman as Corporate Secretary. The Company would
like to thank Ms. Norman for her contributions and wishes her the best in her future endeavours. Mr. Tim Thiessen,
Chief Financial Officer, has assumed the responsibilities of Corporate Secretary.
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 under explored districts with potential 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. The Company’s McKay Hill Project, northeast of Keno Hill,
is a high-grade historic silver-gold producer. Metallic Minerals is also building a portfolio of gold royalties in the historic
Klondike Gold District. Metallic Minerals is led by a team with a track record of discovery and exploration success,
including large scale development, permitting and project financing.
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.
TSX-V: MMG
US OTC: MMNGF
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.