Group Ten Metals Amends Flow-Through Private Placement
814-675 West Hastings Street, Vancouver, British Columbia, V6B 1N2
Group Ten Metals Amends Flow-Through Private Placement
February 15, 201 7 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; FSE: 5D3 2) (the
“Company” or “Group Ten”) announces an increase in the flow -through non -brokered private
placement announced on February 8, 2017, and provides a correction to the pricing of warrants in
the flow-through units. The terms of the concurrent non -flow-through private placement remain
unchanged.
Group Ten now proposes to issue up to 5 million flow-through units at a price of $0.08 per unit for
gross total proceeds of up to $400,000, in place of the 3 million units announced February 8th. Each
flow-through unit shall consist of one flow-through common share of the Company and one -half
share purchase warrant. Each whole warrant will entitle the holder to acquire one common share
of the Company at an exercise price of $0.16 per warrant share for a period of 36 months following
the closing date of the private placement. The warrant exercise price was incorrectly stated at $0.18
per warrant share in the February 8th news release.
In the event that the Company's common shares trade at or above a 20 -day volume weighted
average trading price of $0.24 at any time after 4 months and one day after the closing date, the
issuer may elect to accelerate the expiry date of the warrants by giving notice to the holders thereof
and, in such case, the warrants would expire 30 days after the notice is given by the issuer.
The proceeds of the financings will be used for eligible exploration expenditures on the Company's
Yukon and Ontario projects. All securities issued pursuant to the placement will be subject to a hold
period of four months and one day from the date of closing. This amended flow-through financing,
and the non-flow-through financing announced February 8th, are subject to regulatory approval.
On Behalf of the Board of Directors
GROUP TEN METALS INC.
“Michael Rowley”
Michael Rowley
President & Director
Neither 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.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.