Canada Silver Cobalt Announces Upsized $3 Million Marketed Priv Ate Placement of Flow-Through Shares
CANADA SILVER COBALT ANNOUNCES UPSIZED $3 MILLION MARKETED
PRIV ATE PLACEMENT OF FLOW-THROUGH SHARES
NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES
Coquitlam, BC, December 6, 2021 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") announces that, due to strong investor demand, it has
agreed with Research Capital Corporation, as sole bookrunner, and together with Canaccord Genuity Corp. as
co-lead agents (together, the “Agents”), to increase the size of the previously announced best efforts private
placement offering for gross proceeds from up to $2,000,000 to up to $3,000,000 (the “Offering”). For more
details on the Offering, refer to the Company’s previous press release dated December 3, 2021, as filed on
SEDAR at www.sedar.com.
The Agents will have an option (the “Agents’ Option”) to offer for sale up to an additional 15% of the number
of federal flow through common shares and/or Québec flow-through common shares sold in the Offering at
the Offering Price, which Agents’ Option is exercisable, in whole or in part, at any time up to 48 hours prior to
the closing of the Offering.
The securities being offered have not been, nor will they be, registered under the United States Securities Act
of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration
requirements and applicable U.S. state securities laws.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East
located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-
class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade
in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill
program is underway to expand the size of the deposit with an update to the resource estimate scheduled
for Q1 2022.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101
resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising
very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from
two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately
400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic
viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate.
Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East,
Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13,
2020.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C., V3B 5X6
CanadaSilverCobaltWorks.com
Page 2 of 2
Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich
gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as
nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a
Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements which include, but are not limited to, comments
regarding the Offering and comments that involve other future events and conditions, which are subject to
various risks and uncertainties. Except for statements of historical facts, comments that address the Offering,
resource potential, upcoming work programs, geological interpretations, receipt and security of mineral
property titles, future financings, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. No assurance can be given that the Offering will close on the terms and conditions set out in this
news release or at all. General business conditions are factors that could cause actual results to vary materially
from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt
is available in the Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended
December 31, 2020 available under the Company’s profile on SEDAR at www.sedar.com.