Metallis Closes $514,195 Non- Brokered Private Placement
METALLIS CLOSES $514,195 NON-
BROKERED PRIVATE PLACEMENT
VANCOUVER, BC
,
April 17, 2024
/CNW/ -
Metallis Resources Inc.
(TSXV: MTS) (OTCQB:
MTLFF) (FSE: 0CVM) (the "Company" or "Metallis") announces the closing of its over-subscribed
non-brokered private placement (the "Financing"). Details announcing the Financing can be found in
the Company's previous News Release dated
March 14, 2024
.
Total proceeds from the Financing are
$514,195
, resulting in the issuance of 7,910,691 shares at a
price of
$0.065
per share. Proceeds from the Financing will be used for general corporate purposes
and the first phase exploration of the Greyhound Property. This planned program will comprise
geological mapping, geochemical soil sampling, trenching/ chip sampling and airborne geophysical
surveys which will lead to the identification of potential targets for future drilling.
The Company has received regulatory approval from the TSX Venture Exchange for the Financing,
and all shares issued on closing are subject to a regulatory trading hold period expiring four months
plus one day from date of issuance. No finders' fees or finders' warrants were paid or issued in
connection with this Financing.
Insiders and management participated for
$56,550
in the Financing.
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 recently acquired Greyhound Property, a gold/silver 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. The Company currently has 68,455,003
common shares issued and outstanding, including the Financing.
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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http://www.newswire.ca/en/releases/archive/April2024/17/c7467.html
%SEDAR: 00025829E
For further information:
Tel: 604-688-5077, Email: [email protected], Web:
www.metallisresources.com
CO: Metallis Resources Inc.
CNW 09:00e 17-APR-24