Metallis Closes $1,500,000 Non- Brokered Private Placement
METALLIS CLOSES $1,500,000 NON-
BROKERED PRIVATE PLACEMENT
VANCOUVER, BC
,
June 20, 2025
/CNW/ -
Metallis Resources Inc.
(TSXV: MTS); (OTCQB:
MTLFF), (FSE: 0CVM) (the "Company" or "Metallis") announces the closing of its non-brokered
private placement (the "Financing"). Details announcing the Financing can be found in the Company's
previous news releases dated
May 22
nd
and
June 6
th
, 2025.
Total proceeds from the Financing are
$1,500,000
, resulting in the issuance of 9,375,000 units at a
price of
$0.16
per unit. Each unit consists of one common share and one non-transferable share
purchase warrant entitling the holder to purchase one additional common share at a price of
$0.26
per share for a 3-year period.
Proceeds from the Financing will be used for field exploration work at the Company's Greyhound
and Kirkham properties and for general corporate purposes.
All shares issued on closing are subject to a regulatory trading hold period expiring four months plus
one day from date of issuance.
Finder fees of
$42,720
along with 267,000 finder's warrants, also exercisable at a price of
$0.26
per
share for a 3-year period, were paid to registered finders.
About Metallis
Metallis Resources Inc. is a
Vancouver
-based company focused on the exploration for gold, copper
and silver on its flagship 100%-owned Kirkham Property in
Canada
, situated in northwest
British
Columbia's
Golden Triangle, and on its Greyhound Property, a silver, gold and antimony target in
Idaho, USA
.
Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB
Exchange, and 0CVM on the Frankfurt Stock Exchange. With this Financing, the Company has
84,680,003 common shares outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President, and Director
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business activities and operating performance of
the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking statements. Investors are cautioned that any such forward-
looking statements are not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ materially from those
in the forward-looking statements because of various factors. Such risks, uncertainties and factors
are described in the periodic filings with the Canadian securities' regulatory authorities, including
quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at
www.sedar.com
. Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated, or
expected.
Although the Company has attempted to identify important risks, uncertainties and factors which
could cause actual results to differ materially, there may be others that cause results not to be as
intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and
does not assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this
news release.
SOURCE
Metallis Resources Inc.
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For further information:
For further information: Tel: 604-688-5077, Email:
[email protected], Web: www.metallisresources.com
CO: Metallis Resources Inc.
CNW 07:33e 20-JUN-25