The proceeds of the private placement will be used for general workin g capital and to
TYMBAL RESOURCES LTD.
Suite 600-850 West Hastings Street
Vancouver, British Columbia
V6C 1E1
Tel: (604) 662-8130
Email: [email protected]
NEWS RELEASE
January 28, 2022
VANCOUVER, BRITISH COLUMBIA, January 28, 2022 – Tymbal Resources Lt d.
(TSXV – TYMB) (“Tymbal” or the Company). In connection with the Company’ s news
release dated December 22, 2021, the Company is pleased to announce the compl etion of
the non-brokered private placement of 17 million units of the Company at a price of one
cent per unit, for gross proceeds of $170,000.00. Each unit consists of one common shar e
and one transferable share purchase warrant. Each warrant entitle s the holder to acquire
one additional share at a price of 5 cents per share for a period of five years expiring on
January 27, 2027. The hold period for the units expires on May 27, 2022. A finder’s fee
of $7,000 is payable in accordance with the rules set out by the TSX V entures Exchange.
The proceeds of the private placement will be used for general workin g capital and to
advance the Company’s interest in the Iron Mask Mineral Claims whic h abut the KGHM
Ajax project.
The forgoing transaction has been approved by the TSX Venture Exchange.
Tymbal Resources Ltd.
Per: “Sammy Cheng”
Sammy Cheng
Director
(604) 662-8130
Not for distribution to the United States newswire services or for dissemination in the United States.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of th e securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Secur ities Act”) or any states securities laws and may n ot be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securitie s Act
and applicable state securities laws or an exemption from such registration is available.
“Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."