US OTC: MMNGF Metallic Minerals Corp. Completes C$750,000 Private Placement Financing
TSX-V: MMG
US OTC: MMNGF
Metallic Minerals Corp. Completes C$750,000 Private Placement Financing
March 23, 2017, Vancouver, B.C., Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic
Minerals” or the “Company”) is pleased to announce that it has raised aggregate gross proceeds of
$750,000 through the issuance of 1,666,666 units (“Units”) at a price of $0.45 per Unit (the “Private
Placement”), which represents more than a 15% premium to the 10 day VWAP of the Company's common
shares on the TSX Venture Exchange (the “Exchange”).
Net proceeds from the Private Placement will be used on qualifying exploration expenditures for purposes
of the Canadian Income Tax Act, primarily at Metallic Minerals’ Keno-Lighting project in the Keno Hill silver
district of the Yukon Territory, Canada.
Greg Johnson, CEO & Chairman, stated, "We are pleased with the interest in this financing from our
existing shareholders and from new investors. The closing of this private placement will enable us to
expand our planned 2017 exploration program in the Keno Hill silver district this year . We expect to
commence the field activities in April with geophysics and other ground work to further refine our priority
targets for drilling later this summer.”
Each Unit consisted of one common share and one common share purchase warrant , with each whole
warrant exercisable at a price of $0.60 per common share for a period of 36 months from the closing date,
subject to accelerated expiry . The common shares were issued on a “flow-through” basis, and t he
Company understands that most of the common shares and associated warrants were acquired through
Peartree Securities Inc. for donation purposes. All of t he securities issued pursuant to the Private
Placement are subject to a statutory hold period of four months and one day expiring on July 24, 2017
under applicable Canadian securities laws.
If, any time after the closing date, the closing price for the common shares on the TSX Venture Exchange
trades at 85% or greater above the issue price of the Units for 10 consecutive trading days, the Company
may provide written notice of acceleration of the expiry date of the warrants. The expiry date for the
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 & development
of high-grade silver resources in under-explored districts of mining-friendly jurisdictions proven to produce
top-tier assets. Our objective is to create value through a disciplined, entrepreneurial approach to
exploration, reducing investment risk and increasing the probability for long-term success. Our core Keno-
Lightning property is located in the historic Keno Hill silver district of Canada's Yukon Territory, a region
which has produced over 200 million ounces of high-grade silver over the past 100 years and has excellent
existing infrastructure, including grid power, highway & road access, and two nearby communities with
services. 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
TSX-V: MMG
US OTC: MMNGF
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.