Magna Te rra Announces Non-Brokered Offering
a renewed frontier.
PRESS RELEASE
November 6, 2018
FOR IMMEDIATE RELEASE
TSX-V: MTT
Magna Te
rra Announces Non-Brokered Offering
Toronto, Ontario, November 6, 2018 – Magna Terra Minerals Inc. (the “Company” or “ Magna
Terra”) (TSX-V: MTT) (SSE: MTTCL) is pleased to announce the offering of a non- brokered
private placement of up to 15,000,000 units (the “Units”) for up to $750,000 (the “Offering”).
Each Unit is priced at $0.05 and consists of one (1) common share and one half of one (1/2)
common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to
purchase one (1) common share (a “Warrant Share”) at a price of $0.10 per Warrant Share for a
period of until two (2 ) years following the closing of each tranche of the Offering (each a
“Closing Date”).
The Warrants and Broker Warrants will be subject to an accelerated expiry provision, such that
if the closing price of the Company’s Shares equals or exceeds $0.20 per share for a period of 10
consecutive trading days, then the exercise period of the Warrants shall be reduced to 30 days,
with the reduced period commencing seven calendar days following the tenth consecutive
trading day.
The funds from the Offering will be used to complete a phase 1 - 2,000 meter drill program on
the Company’s Luna Roja and Piedra Negra projects, further drilling as results dictate, and for
working capital and general corporate purposes.
The Company expects to have a first closing of the Offering on or before November 21, 2018
with a final closing on or before November 30, 2018, subject to final Exchange approval, or such
other date as is agreed between the Company and the subscribers. All securities issued under
the Offering will be subject to a statutory four (4) month hold period.
Eligible Finders may receive up to 8% of the value of proceeds of the sale of Units in cash and
up to 8% of the number of Units sold in the form of broker war rants (the “Broker Warrants”),
with each Broker Warrant entitling the holder to acquire one (1) common share at a price of
$0.10 for a period of two (2) years from the Closing Date.
RedCloud Klondike Strike Inc. is acting as an advisor to the Company and may receive finders
fees for this offering.
About Us
Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in
Toronto, Canada. Magna Terra (MTT) has a significant interest in the province of Santa Cruz,
Argentina within the prolific Deseado Massif in southern Patagonia. With six district scale drill
ready projects, and a highly experienced management and exploration team, MTT is positioned
to deliver significant shareholder value through the potential for precious metals discovery(s)
on its extensive portfolio. For detailed information regarding our projects, please visit the
Company’s website at: www.magnaterraminerals.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick, President & CEO: 647-478-5307
Email: [email protected]
Website: www.magnaterraminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statements Regarding Forward Looking Information
Some statements in this release may contain forward- looking information. All statements, other
than of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future (including, without limitation, statements
regarding potential mineralization) are forward-looking statements. Forward-looking statements
are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”,
“anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these
words or other variations on these words or comparable terminology. Forward-looking
statements are subject to a number of risks and uncertainties, many of which are beyond the
Company’s ability to control or predict, that may cause the actual results of the Company to
differ materially from those discussed in the forward- looking statements. Factors that could
cause actual results or events to differ materially from current expectations include, among other
things, without limitation, failure by the parties to complete the Transaction, failure to establish
estimated mineral resources, the possibility that future exploration results will not be consistent
with the Company's expectations, changes in world gold markets or markets for other
commodities, and other risks disclosed in the Company’s public disclosure record on file with
the relevant securiti es regulatory authorities. Any forward- looking statement speaks only as of
the date on which it is made and except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking statement.