New Age Metals Closes Flow-Through Private Placement
New Age Metals TSX-V: NAM OTCQB: NMTLF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604. 685.1870 www.newagemetals.com
New Age Metals
Closes Flow-Through Private Placement
December 30, 2019 Vancouver, BC, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F)
announces that the Company has oversubscribed its flow-through private placement raising $85,020. The
Company has issued 1,417,000 flow through units consisting of one flow-through share and one half of one
non‐transferable share purchase warrant (“Warrant”) with each whole Warrant being exercisable at a price
of $0.10 per share for a period of two (2) years from the date of closing.
Finder’s fees were paid in connection with the closing in the amount of $ 5,250 cash and 87,500 broker
warrants on the same terms as the purchaser warrants, subject to regulatory approval. All securities issued
in connection with the final tranche closing are subject to a four month plus one day hold period expiring
on May 1, 2020, in accordance with applicable Securities Laws.
The proceeds of the private placement will be used for the Company’s flagship project, the River Valley
Platinum Group Metals Project located in Sudbury, Ontario and the Company’s Lithium projects located
near Winnipeg, Manitoba.
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On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the 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 Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements
may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of h istorical fact may
be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”,
“efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or
similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important
factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information,
additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by
the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from
those contained in the forward -looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates
or to release publicly any revisions to any forward -looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of
unanticipated events. Investors should not place undue reliance on forw ard-looking statements.