Treasury Metals Announces Listing of Warrants in connection with First Mining Distribution
Treasury Metals Announces Listing of
Warrants in connection with First Mining
Distribution
TSX: TML OTCQX: TSRMF
TORONTO
,
July 14, 2021
/CNW/ -
Treasury Metals Inc.
(TSX: TML) (OTCQX: TSRMF)
("
Treasury
" or the "
Company
") is pleased to announce that the TSX Exchange (the "
Exchange
")
has conditionally accepted for listing the common share purchase warrants (the "
Warrants
") issued
to First Mining Gold Corp. ("
First Mining
") in connection with the acquisition (the
"Transaction
") of
all the issued and outstanding shares of Tamaka Gold Corporation ("
Tamaka
"), which closed on
August 7
, 2020. The Warrants will commence trading on the Exchange under the symbol TML.WT
at the open of trading on
July 15, 2021
.
The Warrants were distributed to shareholders of record as of
July 14, 2021
of First Mining,
pursuant to a reduction of capital effected through plan of arrangement completed by First Mining
(the "Distribution"). Further details of the Distribution are set out in First Mining's management
information circular dated
May 18, 2021
, which is available under First Mining's profile at
www.sedar.com
and First Mining's press release dated
July 15, 2021
.
Pursuant to the Transaction, a total of 11,666,666 Warrants and 43,333,332 common shares were
issued on
August 7, 2020
, to First Mining. Each Warrant is exercisable, on a cashless basis only,
for one common share in the capital of the Company (each, a "
Common Share
") at an exercise
price of
$1.50
and with an expiry date of
August 7, 2023
.
In addition, First Mining has distributed 23,333,333 common shares to its shareholders as part of the
Distribution, reducing its direct ownership interest in the Company to 19,999,999 Common Shares,
or 15.36% of the Common Shares outstanding in the Company.
The Warrants and the underlying Common Shares have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not
be offered or sold in the United States absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act and applicable U.S. state securities
laws. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury's Goliath Gold
Complex ("
GGC
"), which includes the Goliath, Goldlund and Miller projects, is located
in Northwestern Ontario. The GGC projects benefit substantially from excellent access to the Trans-
Canada Highway, related power and rail infrastructure, and close proximity to several communities
including Dryden,
Ontario
. The Company also owns several other projects throughout Canada,
including the Lara Polymetallic Project, Weebigee-Sandy Lake Gold Project JV, and grassroots gold
exploration property Gold Rock.
To view further details about Treasury, please visit the Company's website at
www.treasurymetals.com
.
Forward-Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expect, are forward-looking statements. Forward-
looking statements are frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential",
"possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the
negative of any of these terms and similar expressions. Actual results or developments may differ
materially from those in forward-looking statements. Treasury disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities laws.
Since forward-looking information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not limited to, exploration
and production for precious metals; delays or changes in plans with respect to exploration or
development projects or capital expenditures; the uncertainty of resource estimates; health, safety
and environmental risks; worldwide demand for gold and base metals; gold price and other
commodity price and exchange rate fluctuations; environmental risks; competition; incorrect
assessment of the value of acquisitions; ability to access sufficient capital from internal and
external sources; and changes in legislation, including but not limited to tax laws, royalties and
environmental regulations.
Actual results, performance or achievement could differ materially from those expressed in, or
implied by, the forward-looking information and, accordingly, no assurance can be given that any
of the events anticipated by the forward-looking information will transpire or occur, or if any of
them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to
place undue reliance on the forward-looking information.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the
TSX) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Treasury Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/July2021/14/c1839.html
%SEDAR: 00027114E
For further information:
Email: [email protected]; Jeremy Wyeth, President and CEO, T:
+1 416 214 4654; Orin Baranowsky, CFO, T: +1 416 214 4654, Email:
Twitter @TreasuryMetals
CO: Treasury Metals Inc.
CNW 16:30e 14-JUL-21