Josemaria Resources Inc. and NGEX Minerals Ltd. Announce TSX Venture Exchange Approval and Listing of NGEX Minerals Common Shares
885 West Georgia Street
Suite 2000
Vancouver, Canada V6C 3E8
TEL: 604-689-7842
FAX: 604-689-4250
josemariaresources.com
885 West Georgia Street
Suite 2000
Vancouver, Canada V6C 3E8
TEL: 604-689-7842
FAX: 604-689-4250
ngexminerals.com
NEWS RELEASE
JOSEMARIA RESOURCES INC. AND NGEX MINERALS LTD. ANNOUNCE TSX VENTURE
EXCHANGE APPROVAL AND LISTING OF NGEX MINERALS COMMON SHARES
Vancouver – August 20, 2019: Josemaria Resources Inc. (TSX: JOSE) (OMX: JOSE) (“Josemaria”) and
NGEx Minerals Ltd. (“ NGEx Minerals ”) are pleased to announce that NGEx Minerals has received
confirmation from the TSX Venture Exchange (the “TSXV”) that the conditions for listing have been satisfied
and the TSXV has issued its Final Exchange Bulletin on August 16, 2019 confirming the approval of the
listing of the common s hares of NGEx Minerals (the “ NGEx Minerals Common Shares ”) on the TSXV.
The NGEx Minerals Common Shares commence trading today on the TSXV as a Tier 2 Issuer under the
ticker symbol “NGEX”.
Pursuant to the closing on July 17, 2019 of the previously announced spin-out of Josemaria’s Los Helados
property (the "Los Helados Project") and certain other exploration properties to NGEx Minerals by plan of
arrangement under the Canada Business Corporations Act (the “ Arrangement”), on July 29, 2019,
Josemaria distributed 100% of the NGEx Minerals Common Shares it received under the Arrangement to
holders (“Josemaria Shareholders”) of common shares of Josemaria (the “Josemaria Common Shares”)
on a pro rata basis. Josemaria Shareholders of record in Canada as of July 24, 2019 (the “ Canadian
Record Date”) and Josemaria Shareholders of record in Sweden as of July 26, 2019 (the “Swedish Record
Date”) have received one NGEx Minerals Common Share for every two Josemaria Common Shares held.
The difference in record dates in Canada and Sweden was necessary due to the difference in time zones
and other technicalities. No additional action is required by Josemaria Shareholders in order to
receive NGEx Minerals Common Shares.
NGEx Minerals Common Shares have been affiliated wit h Euroclear Sweden AB (“ Euroclear Sweden”),
whereby Josemaria Shareholders who hold their shares through Euroclear Sweden as of the Swedish
Record Date have received the NGEX Minerals Common Shares. The NGEx Minerals Common Shares
were delivered to the sam e securities accounts as the Josemaria Common Shares were registered as of
the Swedish Record Date. In addition, NGEx Minerals had agreed with its Swedish agent Pareto Securities
AB to, for a limited period of time up until August 16, 2019, provide shareholders who received their NGEx
Minerals Common Shares under the Arrangement through Euroclear Sweden the opportunity to cross -
border their NGEx Minerals Common Shares free of charge to CDS. Josemaria Shareholders who held
their shares through Euroclear Sweden on the Swedish Record Date have received detailed information by
mail of how to proceed if they wished to cross-border their NGEx Minerals Common Shares.
About Josemaria
Josemaria is a Canadian mineral development company focused on advancing its wholly-owned Josemaria
property, located in San Juan Province, Argentina. Josemaria’s shares are listed on the TSX and on
Nasdaq Stockholm under the symbol "JOSE".
About NGEx Minerals
NGEx Minerals Ltd. is a Canadian copper and gold exploration company with projects in Chile and
Argentina. NGEx Mineral’s initial focus is on the advancement of its large -scale copper -gold porphyry
discovery, Los Helados, located in Chile’s Region III, as well as other early -stage projects held in its
exploration portfolio, located in Argentina. NGEx Minerals is the majority partner and operator for the Los
Helados Project, subject to a Joint Exploration Agreement with its joint exploration partner in Chile, Pa n
Pacific Copper Co., Ltd. NGEx Minerals plans to evaluate and acquire additional mineral properties as part
of its overall growth strategy.
Additional Information
The information was submitted for publication, through the agency of the contact person s et out below, on
August 20, 2019 at 4:30 a.m. Pacific Time.
On behalf of the board of directors of Josemaria and NGEx Minerals,
Wojtek Wodzicki,
President and CEO,
Josemaria and NGEx Minerals
For further information, please contact:
Michelle Fyfe, Investor Relations, Canada - +1-604-689-7842; or [email protected]
Robert Eriksson, Investor Relations, Sweden - +46 701 112 615; or [email protected]
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes “forward -looking
information” and “forward -looking statements” within the meaning of applicable securities legislation (collectively,
“forward-looking information”). The forward-looking information contained in this news release is based on information
available to Josemaria and NGEx Minerals as of the date of this news release, and is made as at the date of this news
release. Neither Josemaria nor NGEx Minerals intends and does not undertake any obligations to publicly update
and/or revise any of the included forward-looking information, whether as a result of additional information, future events
and/or otherwise, except as may be required by applicable securities laws. Generally, this forward-looking information
can frequently, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "a nticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions
or results “will”, "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations
thereof.
All statements other than statements of historical fact may be forward-looking information. Forward-looking information
is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
Josemaria and/or NGEx Minerals to be materially different from those expressed or implied by such forward -looking
information, including but not limited to: risks and uncertainties relating to, among other things, the risk of unexpected
tax consequences to the Arrangement; risks of the market valuing Josemaria and NGEx Minerals in a manner not
anticipated by Josemaria and NGEx Minerals; risks relating to the benefits of the Arrangement not being realized or as
anticipated, NGEx Minerals being unable to add additional properties to its portfolio, the inherent uncertainties regarding
cost estimates, changes in commodity prices, currency fluctuati on, financing, unanticipated resource grades,
infrastructure, results of exploration activities, cost overruns, availability of materials and equipment, timeliness of
government approvals, taxation, anticipated synergies not being realized, political risk and related economic risk and
unanticipated environmental impact on operations, as well as other risks uncertainties and other factors, including,
without limitation, those referred to in the “Risks and Uncertainties” section of the Circular and Josemaria’ s Annual
Information Form for the year ended December 31, 2018, under the heading “Risks Factors”, and elsewhere, which
may cause the actual results, level of activity, performance or achievements of Josemaria and NGEx Minerals to be
materially different from those expressed or implied by such forward-looking information.
Josemaria and NGEx Minerals believes that the expectations reflected in the forward -looking information included in
this news release are reasonable but no assurance can be given that the se expectations will prove to be correct and
such forward-looking statements and information should not be unduly relied upon. In particular, this news release
contains forward-looking information with respect to the availability of working capital for bot h Josemaria and NGEx
Minerals; tax consequences of the Arrangement; benefits of the Arrangement; the timing of receipt of NGEx Minerals
Common Shares by Josemaria Shareholders who hold their shares through Euroclear Sweden and the timing for the
opportunity to cross-border their NGEx Minerals Common Shares to CDS free of charge; the potential development of
the Josemaria and Los Helados projects; acquisition of exploration properties for the NGEx Minerals exploration
portfolio; and advancement of the Josemaria Project.
Forward-looking information is provided for the purpose of providing information about management's current
expectations and plans and allowing investors and others to get a better understanding of Josemaria and NGEx
Minerals’ operating environment. Forward-looking information is based on certain assumptions that each of Josemaria
and NGEx Minerals believes are reasonable, including that the current price of and demand for commodities will be
sustained or will improve, the supply of commoditie s will remain stable, that the general business and economic
conditions will not change in a material adverse manner, that financing will be available if and when needed on
reasonable terms and that neither Josemaria nor NGEx Minerals will experience any material labour dispute, accident,
or failure of plant or equipment. These factors are not, and should not be construed as being, exhaustive. Although
Josemaria and NGEx Minerals have attempted to identify important factors that would cause actual results t o differ
materially from those contained in forward-looking information, there may be other factors that cause results not to be
as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. All of the forward -
looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned
not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.