Metallis Withdraws Private Placement
Metallis Withdraws Private Placement
VANCOUVER
,
Sept. 28, 2018
/CNW/ -
Metallis Resources Inc.
(TSX-V: MTS; OTCQB: MTLFF)
("Metallis" or the "Company") announces that the Company will not be proceeding with the non-
brokered private placement announced on
September 21, 2018
.
Fiore Aliperti
, Metallis' President and CEO, commented: "Metallis remains in a strong position with
working capital of
$3.3 million
as we enter Q4. We remain current with our payment obligations and
have paid all drilling costs billed through mid-September, which sets up well for the 2019 exploration
season. As drilling continues at Metallis' 100%-owned Kirkham Property, the Company looks
forward to issuing another exploration update very shortly."
About the Kirkham Property
The 106 sq. km Kirkham Property is located about 65 km north of
Stewart, B.C.
, in the heart of the
Golden Triangle's prolific
Eskay Camp
. The northern border of Kirkham is contiguous to Garibaldi
Resources' E&L Nickel Mountain Project. The northeast corner of Kirkham is within 12 km of the
Eskay Creek mine while the eastern border is within 15 – 20 km of Seabridge Gold's KSM deposits
and Pretium Resources' Brucejack mine.
About Metallis
Metallis Resources Inc. is a
Vancouver
-based company focused on the exploration of gold, copper,
nickel and silver at its 100%-owned Kirkham Property situated in northwest
British Columbia's
Golden Triangle. Metallis trades under the symbol MTS on the TSX Venture Exchange and currently
has 32,981,129 shares issued and outstanding.
2018 Venture 50
Metallis Resources Inc. was recently included in the 2018 Venture 50 (the "V50"). The V50 is a
ranking of top performers on the TSX Venture Exchange last year. The ranking comprises 10
companies from each of five industry sectors selected based on three equally weighted criteria:
Market capitalization growth, share price appreciation and trading volume amount.
To view the V50 video click here.
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 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 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/September2018/28/c4064.html
%SEDAR: 00025829E
For further information:
Tel: 604-688-5077, Email: [email protected], Web:
www.metallisresources.com
CO: Metallis Resources Inc.
CNW 19:27e 28-SEP-18