NGEx Minerals Announces Credit Facility
NGEx Minerals Ltd.
2000 – 885 West Georgia Street
Vancouver BC Canada V6C 3E8
T +1 604 689 7842
F +1 604 689 4250
NGEXminerals.com
NEWS RELEASE
NGEx Minerals Announces Credit Facility
VANCOUVER, September 29, 2022 - NGEx Minerals Ltd. (TSXV: NGEX ) (“ NGEx Minerals ” “NGEx” or the
“Company”) ") is pleased to announce that it has entered into a US$3,000,000 credit facility (the " Facility"),
which will be evidenced by a debenture (the " Debenture") with an effective date of September 28, 2022, to
provide financial flexibility to fund the Company's ongoing work programs and provide general working capital.
The Facility has a term of 12 months ending September 28, 2023 (the "Maturity Date"). No interest is payable
during the term of the Debenture.
The Facility has been issued by Zebra Holdings and Investments S.à.r.l. and Lorito Holdings and Investm ents
S.à.r.l. (the "Lenders"), companies controlled by a trust settled by the late Adolf H. Lundin, and insiders of the
Company. The terms of the Facility include the Company issuing to the Lenders, subject to approval of the TSX
Venture Exchange, 12,500 common shares of the Company upon closing of the Debenture and 200 common
shares of NGEx Minerals per month for each US$50,000 of the Facility outstanding from time to time up to the
Maturity Date. All securities issued in conjunction with the Facility will be subject to a four-month hold period
under applicable securities law.
The issuance of Common Shares to an insider and the entering into of the Debenture each constitute a "related
party transaction", as defined under Multilateral Instrument 61 -101 ("MI 61-101"). The transactions will be
exempt from the formal valuation and minority shareholder approval requirements of MI 61 -101 as neither
the fair market value of any shares issued to, or the consideration paid for, the Debenture will exceed 25% of
the Company's market capitalization.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described
herein in the U.S., or in any jurisdiction in which such an offer or sale would be unlawful. The securities
described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended,
or any U.S. state securities laws and may not be offered or sold in the U.S. or to the account or benefit of a
U.S. person or a person in the U.S. absent registration or an applicable exemption from the registration
requirements.
ABOUT NGEX MINERALS
NGEx Minerals is a copper and gold exploration company based in Canada with projects in Chile and Argentina.
NGEx Minerals holds the large-scale Los Helados copper- gold deposit, located in Chile's Region III, as well as
the Valle Ancho Projects located in Argentina. NGEx Minerals is the majority partner and operator for the Los
Helados Project, subject to a Joint Exploration Agreement with Nippon Caserones Resources Co., Ltd . While
NGEx Minerals’ near-term focus will be on drilling the high-grade core of Los Helados and exploration at the
Valle Ancho Project, it remains open to adding quality projects to its portfolio as part of its overall growth
strategy. The Company is listed on the TSXV under the trading symbol “NGEX”.
On behalf of NGEx Minerals,
Wojtek Wodzicki,
President and CEO
For further information:
Amanda Strong, Investor Relations
Canada: +1 604 689 7842 or [email protected]
Additional information relating to NGEx Minerals Lt d. may be obtained or viewed on the SEDAR website at
www.sedar.com or on the Company’s website at www.ngexminerals.com.
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”). All statements other than statements of historical facts included
in this document constitute forward-looking information, including but not limited to , statements regarding:
the financial flexibility that the Facility will provide the Company and the expected use of any amounts drawn
against the Facility, including to further ongoing work programs and provide general working capital. Words
such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" 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 t he negative connotations thereof and similar expressions identify
forward-looking information.
Forward-looking information is necessarily based upon various estimates and assumptions including, without
limitation, the expectations and beliefs of manageme nt. Although the Company believes that the se factors
and expectations are reasonable as at the date of this document in light of management’s experience and
perception of current conditions and expected developments, these statements are inherently subject to
significant business, economic and competitive uncertainties and contingencies. Known and unknown risks,
uncertainties and other factors may cause actual results or events to differ materially from those anticipated
in such forward -looking statements a nd undue reliance should not be placed on such statements and
information. Such factors include, without limitation : the ongoing COVID 19 pandemic and the risk that an
intensification of the pandemic or an outbreak at the project could impact the company’s ability to carry out
the program and could cause the program to be shut down, estimations of costs, and permitting time lines;
ability to obtain environmental permits, surface rights and property interests in a timely manner; currency
exchange rate fluctuations; requirements for additional capital; changes in the Company’s share price; changes
to government regulation of mining activities; environmental risks; unanticipated reclamation or remediation
expenses; title disputes or claims; limitations on insur ance coverage; assumptions that the Company will
receive the permits required to drill at Valle Ancho in a timely manner, fluctuations in the current price of and
demand for commodities; material adverse changes in general business and economic conditions in Chile; the
availability of financing if and when needed on reasonable terms ; risks related to material labour dispute s,
accidents, or failure of plant or equipment ; and other risks, uncertainties and other factors identified in the
Company’s periodic filings with Canadian securities regulators which are available on SEDAR at
www.sedar.com under the Company’s profile.
The forward -looking information contained in this news release is based on information available to the
Company as at the date of this news release. Except as required under applicable securities legislation, the
Company does not undertake any obligation 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. Forward-
looking information is provided for the purpose of providing information about management's current
expectations and pla ns and allowing investors and others to get a better understanding of the Company's
operating environment. Although the Company has attempted to identify important factors that would cause
actual results to 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 the forward -looking information contained in this document is
qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward -
looking information due to the inherent uncertainty thereof.
Cautionary Note to U.S. Readers
Information concerning the mineral properties of the Company contained in this news release has been
prepared in accordance with the requirements of Canadian securities laws, which differ in material respects
from the requirements of securities laws of the United States applicable to U.S. companies subject to the
reporting and disclosure requirements of the United States Securities and Exchange Commission.