Metallis Welcomes Eric Sprott as Shareholder with $2.2 Million Financing
METALLIS WELCOMES ERIC SPROTT AS SHAREHOLDER WITH $2.2 MILLION
FINANCING
October 2, 2017
Vancouver, British Columbia : Metallis Resources Inc. (TSX-V: MTS) (the “Co mpany” or “Metallis
Resources”) is pleased to announce that it has arranged a non -brokered private placement with 2176423
Ontario Ltd., a corporation beneficially owned by Eric Sprott raising gross proceeds of up to $ 2,200,000.
The financing is expected to close shortly.
Private Placement Details
Two (2) million units will be iss ued at $1.10. Each unit will consist of one (1) common share of the
Company and one -half of one (1/2) non-transferable share purchase warrant. Each whole warrant will
entitle the holder to purchase one additional common share of the Company at a price of $1.50 per share
for a period of two years from the date of closing . Any finders’ fees and/or agents’ fees will be paid in
accordance with the policies of the TSX Venture Exchange. The private placement is subject to Exchange
approval.
Proceeds from the private placement will be us ed for the 2018 Drilling Program on the Company’s 100%-
owned Kirkham Property situated in the heart of the Golden Triangle’s Eskay Camp in northwest British
Columbia and for general working capital.
About the Kirkham Property
The 10,600 hectare Kirkham Property , prospective for gold -copper porphyry, high -grade gold and base
metal mineralization, is located about 65 km north of Stewart within the prolific Golden Triangle. Th e
northern border of Kirkham is contiguous to Garibaldi Resources’ E&L Nickel Mountain Project ,
approximately 12 km southwest of the Eskay Creek mine. T he eastern border is within 15 to 2 0 km of
Seabridge Gold’s KSM deposit and Pretium Resources’ Brucejack mine which is now in commercial
production.
About Metallis
Metallis Resources Inc. is a Vancouver -based company focu sed on the exploration of precious metals
and base metals at its 100 %-owned Kirkham Property in northwest British Columbia’s Golden Triangle.
Metallis trades under the symbol MTS on the TSX Venture Exchange and currently has 2 6,320,974
shares issued and outstanding and completing the forgoing private placement the Company will have
28,320,974.
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 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 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 o r 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 ex pected. 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 anticipated, estimated or
intended. The Company doe s 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.