Serengeti Receives METC Refund on Exploration Properties, Engages Corporate Communications Services and Grants Stock Options
NR: 2020-04
Serengeti Receives METC Refund on Exploration Properties, Engages Corporate
Communications Services and Grants Stock Options
Vancouver, B.C., February 19, 20 20, Serengeti Resources Inc. (SIR: TSX -V) announces that it is in receipt of a
$165,000 Mineral Exploration Tax Credit (“METC”) refund, plus accrued interest relating to 2018 expenditures on the
Company’s various exploration properties.
With an improved balance sheet and exciting exploration / development plans for 2020 at Kwanika and its other regional
exploration properties, t he Company has re-engaged the services of Ms. Nancy Curry of Marketworks Corporate
Communications (“Marketworks”) to assist with shareholder communications and keep ing the market apprised of the
Company’s many activities planned for this upcoming year. Marketworks is a full service Investor Relations and
Corporate Communications consulting firm, providing expertise and many years of experience to public companies,
particularly in the resource sector.
Prospectors & Developers Association of Canada (PDAC) Conference
Serengeti cordially invites you to visit us at Booth # 2835 at the PDAC Conference to be held at the Metro Toronto
Convention Centre, Toronto, Ontario, Canada from Sunday, March 1 through Wednesday, March 4, 2020. The
Company has also been invited to highlight its projects at the popular Core Shack during the convention.
For more information or to register for the conference, please visit: https://www.pdac.ca/convention
The Company also announces the grant of a total of 1.25 million options to Directors, Officers and Consultants to
acquire shares of Serengeti at a price of $0.21, pursuant to the Company’s Stock Option Plan. 1,100,000 of the options
are exercisable for a period of five years and 150,000 are exercisable for a period of two years from the date of grant.
About Serengeti Resources Inc.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record
of exploration success. The Company is currently advancing its Kwanika copper -gold project in partnership with P osco
International and exploring its extensive portfolio of properties in north -central British Columbia. A number of these
other projects are available for option or joint venture and additional information can be found on the Company’s website
at www.serengetiresources.com.
ON BEHALF OF THE BOARD
David W. Moore, P. Geo.
President, CEO and Director
Cautionary Statement
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements
other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future
plans and objectives, are forward -looking statements that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and future events and actual results could differ materially from tho se anticipated in such
statements. Important factors that could cause actual results to differ materially from our expectations as well as a compre hensive list
of risk factors are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to
whose policies we are bound. Forward -looking statements are based on the estimates and opinions of management on the date the
statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates
change, other than as required by law and readers are further advised not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
release.
For further information, please contact:
Serengeti Resources Inc. Suite 520 – 800 West Pender St., Vancouver, BC, V6C 2V6
Tel: 604-605-1300 / Email: [email protected] / Website: www.serengetiresources.com