Minkap Announces Update ON Private Placement of Units and Proposed Acquistion of Breccia GOLD Property
MINKAP RESOURCES INC.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
MINKAP ANNOUNCES UPDATE ON PRIVATE PLACEMENT OF UNITS
AND PROPOSED ACQUISTION OF BRECCIA GOLD PROPERTY
Toronto, Ontario, March 5, 2020 – MinKap Resources Inc. (TSX-V:KAP) (“MinKap” or the “Company”)
announces that, further to its press release of February 18, 2020, it has received conditional approval from the
TSX Venture Exchange (the “TSXV”) with respect to the non-brokered private placement of up to 10,000,000
units (each, a “Unit”) of the Company at a price of $0.075 per Unit for aggregate proceeds of up to $750,000
(the “Offering”). Each Unit will be comprised of one common share (each, a “ Common Share”) and one
Common Share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire
one additional Common Share at an exercise price of $0.15 for a period of twenty -four (24) months from the
date of issuance.
The Company also announce s that it has received conditional approval from the TSXV in respect of the
proposed acquisition of the Breccia Gold Property located in Idaho, USA. Further details of the transaction
contemplated will be included in subsequent news releases and disclosure documents to be filed by the
Company.
The closing of the Offering is anticipated to take place on or about March 20, 2020, or such other later date as
the Company may agree. The closing is subject to receipt of all approvals required by the parties, inclu ding
final approval of the TSXV.
The Company also announces that Mr. Errin Kimball has resigned as a director of the Company due to personal
reasons, effective immediately. The Company wishes to thank Mr. Kimball for his contribution to the
Company and wishes him every success in his future endeavours.
On behalf of the Board of Directors
MinKap Resources Inc.
Jonathan Armes
President & CEO
Phone 1 (416) 708-0243
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 press release.
This press release contains forward -looking statements within the meaning of applicable Canadian and U.S. securities laws and
regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the cur rent
beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”,
“plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in
forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion
and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors ar e
cautioned not to place undue reliance upon forward-looking statements.