New Pacific Announces Closing of Private Placement
NEWS RELEASE
Trading Symbol: TSX Venture: NUAG
NEW PACIFIC ANNOUNCES CLOSING OF PRIVATE PLACEMENT
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
VANCOUVER, BRITISH COLUMBIA – July 28, 201 7: New Pacific Metals Corp. (“New Pacific” or the
“Company”) (TSXV: “NUAG”) is pleased to announce that it has closed its previously announced private
placement (the “Private Placement”) of 1, 250,000 common shares (the “Shares”) at a price of US$0.80
per Share for gross proceeds of US$1,000,000. The proceeds from the Private Placement will be used by
the Company for payments to be made in connection with its previously announced acquisition of
Empresa Minera Alcira SA.
The Shares will have a hold period expiring four months and a day from today’s date.
About New Pacific
New Pacific Metals Corp. is a Canadian investment company with investment focus on mineral resource
industry. Silvercorp Metals Inc. (TSX: SVM), the largest primary silver producer in China, is the major
shareholder.
For further information, contact:
New Pacific Metals Corp.
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
www.newpacificmetals.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements and information in this press release constitute “forward -looking information” within the meaning of applicable
Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or p hrases such as
“expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets” , “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, ev ents or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar express ions) are not
statements of historical fact and may be forward -looking statements or information. Forward -looking statements or information re late to,
among other things the use of the net proceeds of the Private Placement.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that c ould
cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks
relating to: current global financial conditions; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious
and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and d evelopment
programs; feasibility and engineering reports; title to properties; property interests; joint venture partners; acquisition of commercially mineable
mineral rights; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of
future production; competition; operations and political conditions; environmental risks; insurance; risks and hazards of mining operations; key
personnel; conflicts of interest; and dependence on management.
This list is not exhaustive of the factors that may affect any of the Company’s forward -looking statements or information. Forward -looking
statements or information are statements about the future and are inherently uncertain, and actual achievements of the Compan y or other
future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks,
uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form fo r the year ended
June 30, 201 6 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly,
readers should not place undue reliance on forward-looking statements or information.
The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management
as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to
update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should
change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place
undue reliance on forward-looking statements and information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.