New Age Metals Inc. Increases Private Placement to $2,200,000
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWEF
NEW AGE METALS INC. INCREASES
PRIVATE PLACEMENT TO $2,200,000
April 11, 2017 Vancouver, Canada – New Age Metals Inc. (“NAM” and the “Company”) (TSX.V:
NAM; OTCQB: PAWEF) announces that further to its news release dated April 3, 2017, the Company
is increasing its previously announced placement from $1,500,000 to $2,200,000 by way of combined
non-flow-through (“NFT”) and flow-through (“FT”) units.
Each NFT unit will consist of one common share at a price of $0.075 per NFT unit and one non
transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to
purchase one additional common share of the Company at an exercise price of $0.15 per share for a
period of five years from closing, subject to an acceleration clause.
Each FT unit will consist of one common share at a price of $0.09 per FT unit and one non flow through
non-transferable share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to
purchase one additional common share of the Company at an exercise price of $0.15 per share for a
period of two years from closing, subject to an acceleration clause.
The Warrants issued in connection with this financing are subject to an acceleration clause. If the
closing price of the Company's shares is at or above $0.35 per share for a period of ten (10) consecutive
trading days during the exercise period, the Company may accelerate the expiry date of the Warrants to
30 calendar days from the date express written notice is given by the Company to the holder.
The securities issued in connection with this financing will be subject to a four‐month and a day hold
period in accordance with applicable Canadian Securities Laws. Completion of the private placement
and any finder’s fees payable are subject to regulatory approval.
The proceeds of the private placement will be used for continued exploration and development of
NAM’s flagship River Valley PGM project near Sudbury Ontario as well as its drill ready
Lithium projects in Manitoba.
The shares to be issued with respect to the private placement will be subject to a four‐month and a day
hold period in accordance with applicable Canadian Securities Laws. Completion of the private
placement and any finder’s fees payable are subject to regulatory approval.
ABOUT NAM’S PGM DIVISION
NAM’s flagship project is its 100% owned River Valley PGM Project ( NAM Website – River
Valley Project ) in the Sudbury Mining District of NW Ontario (100 kilometres due east of Sudbury,
Ontario). Presently, the River Valley Project has Measured + Indicated resources of 91 million tonnes @
0.58 g/t* Palladium, 0.22 g/t Platinum, 0.04 g/t Gold, at a cut-off grade of 0.8 g/t for a PdEq of
2,463,000 ounces PGM, plus Gold. River Valley PGM-Copper-Nickel Sulphide mineralized zones
remain open to expansion and is undergoing continued exploration.
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWEF
ABOUT NAM’S LITHIUM DIVISION
The Company has a portfolio of Lithium Projects:
The Clayton Valley Forks Li Project, in Nevada, is a Lithium Brine Project acquired by the Company.
The Silver Peak Lithium Mine, North America’s only Lithium Brine producer that accounts for
approximately 4% of the world supply of Lithium Carbonate is located in the Clayton Valley. This
valley is an active hub of exploration for Lithium Brines.
The Company also has several Hard Rock Lithium Projects in Canada:
To date the Company has acquired 5 hard rock (Pegmatite) Lithium Projects, in the Winnipeg River
Pegmatite Field, in SE Manitoba. This Pegmatite Field hosts the giant Tanco Pegmatite that has been
mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying
capacities, since 1969. Today, the Tanco Mine is focused on the mining of Pollucite (primary Cesium
ore) and the production of Cesium Formate, a completion drilling fluid for the petroleum industry.
NAM’s Lithium Projects are strategically situated to further explore this Pegmatite Field. Presently,
NAM is the largest mineral claim holder in the Winnipeg River Pegmatite Field.
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 historical 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 forward-
looking statements.