Metallis Resources Inc. Closes Second and Final Tranche
METALLIS RESOURCES INC. CLOSES SECOND AND FINAL TRANCHE
June 26, 2017
Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (“Metallis” or the “Company”) further to its news
release dated April 6, 2017 and May 8, 2017, the Company has closed the second and final tranche of its
private placement ra ising proceeds of $ 157,320. This is in addition to the $338, 980 raised in the first
tranche, for total proceeds of $496,300.
The Company has issued 874,000 Units at a price of $0.18 per Uni t. Each $0.18 Unit consists of one (1)
common share of the Company (each, a “Share”) and one -half (1/2) of one non -transferable share
purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable for the purchase of one
(1) additional Share at a price of $0.35 per Share for a period of two (2) years.
All warrants issued in connection with this financing are subject to an acceleration clause. If in the two
year period and after the expiry of the 4 month hold period, the Company may accelerate the expiry date
to 30 days after the last of ten (10) consecutive days if and whereby the closing price of the Company’s
shares is greater than or equal to $0.50 per share.
All securities issued under the private placement are subject to a hold period expiring four months and
one day from the date of issuance pursuant to applicable Canadian securities laws and the rules of the
TSX Venture Exchange. The closing of the Private Placement is subject to TSX Venture Exchange
approval. Directors and management subscribed for $46,800 of the second tranche closing.
Proceeds from the private placement will be used for general working capital and the 2017 exploration
program. The exploration program will be carried out in two phases over the course of the summer.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information:
Tel: 604-688-5077
Email: [email protected]
Web: www.metallisresources.com
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 per formance 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 sta tements. 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 thos e in the
forward-looking statements as a result 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 res ults not to be as anticipated, estimated or
intended. 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.