Group Ten Metals Announces Private Placements
814-675 West Hastings Street, Vancouver, British Columbia, V6B 1N2
Group Ten Metals Announces Private Placements
February 8, 2017 – Vancouver, BC - Group Ten Metals Inc. (TSX.V: PGE; FSE: 5D32) (the “Company”
or “Group Ten”) announces that it has arranged two concurrent, non-brokered private placements
to raise total gross proceeds of up to C$1.8 million by the issuance of up to 29 million units.
Group Ten will issue up to 26 million non -flow-through units at a price of $0.06 per unit for total
gross proceeds of up to $1.56 million. Each non-flow-through unit shall consist of one common share
of the Company and one share purchase warrant. Each warr ant will entitle the holder to acquire
one common share of the Company at an exercise price of $0.1 2 per warrant share for a period of
36 months following the closing date of the private placement.
Group Ten will also issue up to 3 million flow-through units at a price of $0.08 per unit for gross total
proceeds of up to $240,000. 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 $0.1 8 per warrant share for a
period of 36 months following the closing date of the private placement.
In the event that the Company's common shares trade at or above a 20 -day volume weighted
average trading price of $0.1 8 (for warrants in non-flow-through units), or $0.24 (for warrants in
flow-through units), 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 noti ce 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 financing s will be used on the Company's Yukon and Ontario projects and for
general working capital purposes. 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. Insiders will be participating in
the placements. The financings 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.