Savant Explorations Ltd. Closes Oversubscribed $600,000 Financing; Grant of Stock Options
Savant Explorations Ltd
1040 West Georgia Street, 15th Floor
Vancouver BC V6E 4H1
www.savantexplorations.com
SAVANT EXPLORATIONS LTD. CLOSES OVERSUBSCRIBED $600,000 FINANCING; GRANT OF
STOCK OPTIONS
June 26, 2017 ‐ Savant Explorations Ltd. (TSXV: SVT; US OTC: SVATF) (the “Company”) announces
the Company has closed its non‐brokered private placement of $600,000 at a price of $0.05 per
common share which increased from the previously announced $500,000 financing (see news
release dated June 5, 2017). Officers and directors purchased 23.5% of the financing. All common
shares issued are subject to a hold period expiring four months and one day from closing in
accordance with applicable securities laws. A finder’s fee of $7,500 was paid in connection with
the financing. The proceeds will be used to advance the Company’s wholly‐owned Blue Moon
zinc project including initiating the baseline work for permitting, initial engineering work,
obtaining permits for the anticipated drill program and general working capital.
The Company also granted 3,750,000 stock options to officers, directors and technical advisors,
each option being exercisable for a five year term at a price of $0.07 per common share. All
options vest over eighteen months with a third vesting every six months and are governed by the
terms and conditions of the Company’s stock option plan.
About Savant
The Company is focused on the wholly‐owned advanced stage Blue Moon Zinc project. The Blue
Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01% zinc in
the Indicated category and 2.68 million tons with a grade of 5.98% zinc in the Inferred category
plus significant values of copper, silver and gold. The resource is open at depth and along strike
and historical metallurgical testing indicates favourable recoveries. A NI 43‐101 report detailing
the resource and summarizing metallurgical recoveries is available on the company’s website
(www.savantexplorations.com) and filed on SEDAR on February 21, 2008. The Company plans to
advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43‐101,
has reviewed the scientific and technical information that forms the basis for this press release.
For more information please contact:
Patrick McGrath, CEO
1‐832‐499‐6009
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 release includes
certain statements that may be deemed to be forward‐looking statements. All statements in this release, other than
statements of historical facts that address access to capital, regulatory approvals, exploration and development
drilling, exploitation and development activities and events or developments that the Company expects are forward‐
looking statements. Although the Company 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. Factors that could cause actual
results to differ materially from those in forward‐looking statements include market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits,
licenses and title and delays due to third party opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, and continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ materially from those projected in the forward‐
looking statements. Readers are cautioned not to place undue reliance on this forward‐looking information, which is
given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly
or revise any forward‐looking information, whether as a result of new information, future events or otherwise, except
as required by applicable securities laws. For more information on the Company, investors should review the
Company's continuous disclosure filings that are available at www.sedar.com