Norsemont Capital Inc. Announces Closing of First Tranche of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
NEWS RELEASE
NORSEMONT CAPITAL INC.
Suite 610, 700 West Pender Street
Vancouver, BC Canada V6C 1G8
NORSEMONT CAPITAL INC. CLOSES FIRST TRANCHE OF
NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C., May 29, 2019 – Norsemont Capital Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1 )
(“Norsemont” or the “Company”) is pleased to announce it has closed the first tranche of a non-brokered
private placement issuing a total of 1,104,667 units (a “ Unit”) at a price of $0.30 per Unit for gross
proceeds of $331,400.10 (the “Private Placement”).
Each Unit consisted of one common share in the capital of the Company (each, a “Share”) and one-half of
one transferable common share purchase warrants (a “ One-Half Warrant” and each whole warrant, a
“Warrant”).
The Warrant entitles the holder thereof to acquire one Share (each, a “Warrant Share”) at a price of $0.40
per Warrant Share until 5:00 p.m. (Vancouver time) on or before May 27, 2020, subject to an acceleration
provision whereby if the common shares of the Company trade at a price on the Canadian Securities
Exchange (or such other exchange on which the common shares may be traded at such time)
(the “Exchange”) of $0.60 or greater per Share for a period of 10 consecutive trading days after four
months and one day from the closing of the Offering (the “ Closing”), the Company may accelerate the
expiry of the Warrants by giving notice to the holders thereof (by disseminating a news release advising
of the acceleration of the expiry date of Warrants) and, in such case, the Warrants will expire on the 31st
day after the date of such notice.
Proceeds from the Private Placement will be used for general working capital, corporate and
administrative purposes.
The securities distributed pursuant to the Private Placement are subject to a statutory hold period of four
months and one day that expires on September 28, 2019. No fees were paid in connection to this Private
Placement.
On behalf of the Board of Directors,
NORSEMONT CAPITAL INC.
Al Larmour
Chief Executive Officer, Director
For more information, please contact the Company at:
Telephone: (604) 669-9788
Facsimile: (604) 669-9768
NORSEMONT CAPITAL INC.
Suite 610, 700 West Pender Street
Vancouver, BC Canada V6C 1G8
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.