And Listing ON the TSX Venture Exchange
CENTRAL TIMMINS EXPLORATION CORP.
AND LISTING ON THE TSX VENTURE EXCHANGE
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Toronto, Ontario, October 16 , 201
"Corporation") (TSXV: CTEC ) is pleased to announce
("IPO") of 15,000,000 common shares at a price of C$
Price”) forgross proceeds of C$
the TSX Venture Exchange (the “Exchange”)
will commence trading today under the symbol "
sole agent and bookrunner for the IPO.
In connection with the IPO, the Agent received a cash commission and the Corporation issued
to the Agent and members of its selling group non
1,550,000 common shares at a price of $0.10 per common share and which may be exercised
until October 16, 2020.
CTEC has granted to the A gent an over
following the date of closing of the IPO, to purchase up to an additional
shares at a price of C$0.1 0 per common share to cover over
stabilization purposes.
CTEC’s Technical Report and final prospectus are
profile on SEDAR at www.sedar.com
The securities offered have not been,
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws,
and may not be offered or sold in the United States or to United States persons absent of
registration, or the availability of any applicable exemption from the registration requirement,
of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not
constitute an offer to sell, or a solicitation of an offer to buy, securities in
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
About Central Timmins Exploration Corp.
CTEC is an early-stage Canadian
the Porcupine Mining District in the northeastern region of Ontario. The Company's assets are
CENTRAL TIMMINS EXPLORATION CORP. ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
AND LISTING ON THE TSX VENTURE EXCHANGE
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
, 201 8 ‐ Central Timmins Exploration Corp.
) is pleased to announce that it has closed its initial public offering
common shares at a price of C$ 0.10 per common share (the “Offering
gross proceeds of C$ 1.5 million. The Corporation's common shares
the TSX Venture Exchange (the “Exchange”)at the close of business on October 15, 2018
under the symbol "CTEC". PI Financial Corp. (the “Agent”)
agent and bookrunner for the IPO.
the Agent received a cash commission and the Corporation issued
to the Agent and members of its selling group non -transferable warrants to purchase up to
1,550,000 common shares at a price of $0.10 per common share and which may be exercised
gent an over -allotment option, exercisable for a period of 30
following the date of closing of the IPO, to purchase up to an additional 2,2
0 per common share to cover over -allotments, if any, and for market
CTEC’s Technical Report and final prospectus areavailable for review under the Corporation’s
www.sedar.com.
The securities offered have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws,
and may not be offered or sold in the United States or to United States persons absent of
r the availability of any applicable exemption from the registration requirement,
the U.S. Securities Act and applicable U.S. state securities laws. This release shall not
constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or
Central Timmins Exploration Corp.
adian-based junior exploration company wi th property exclusively in
the Porcupine Mining District in the northeastern region of Ontario. The Company's assets are
ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
PUBLICATION, DISTRIBUTION
OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
. ("CTEC" or the
that it has closed its initial public offering
share (the “Offering
.5 million. The Corporation's common shares were listed on
at the close of business on October 15, 2018 and
(the “Agent”)acted as
the Agent received a cash commission and the Corporation issued
transferable warrants to purchase up to
1,550,000 common shares at a price of $0.10 per common share and which may be exercised
allotment option, exercisable for a period of 30 days
,250,000 common
tments, if any, and for market
the Corporation’s
and will not be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws,
and may not be offered or sold in the United States or to United States persons absent of
r the availability of any applicable exemption from the registration requirement,
the U.S. Securities Act and applicable U.S. state securities laws. This release shall not
the United States, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or
th property exclusively in
the Porcupine Mining District in the northeastern region of Ontario. The Company's assets are
prospective for gold as well as a suite of base metals.
www.centraltimmins.com.
For further information, please contact:
Central Timmins Exploration Corp
Charles Gryba, President, CEO & Director
Tel: 416-801-6366
Forward Looking Information
This press release contains "forward
securities laws that is intended to be covered by the safe harbours created by those laws.
“Forward-looking information” i
as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative
thereof or other variations thereof or comparable terminology.
Forward-looking information is not a g
number of estimates and assumptions of management at the date the statements are made.
Furthermore, such forward-looking information involves a variety of known and unknown risks,
uncertainties and other f actors which may cause the actual plans, intentions, activities, results,
performance or achievements of the Corporation to be materially different from any future
plans, intentions, activities, results, performance or achievements expressed or implied by
forward-looking information. See “Risk Factors” in the Corporation’s final prospectus dated
October 4, 2018 filed on SEDAR at www.sedar.com for a discussion of these risks.
The Corporation cautions that there can be no assurance that forward
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not place undue reliance on
forward-looking information.
Except as required by law, the Corporation does not assume any obligation to release publicly
any revisions to forward-looking information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the Exchange nor its Regulation Services
of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
prospective for gold as well as a suite of base metals. See the company website at
For further information, please contact:
Central Timmins Exploration Corp.
, President, CEO & Director Elaine Einarson, Investor Relations
Tel: 604-614-8469
This press release contains "forward -looking information” within the meaning of applicable
securities laws that is intended to be covered by the safe harbours created by those laws.
looking information” includes statements that use forward- looking terminology such
as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative
thereof or other variations thereof or comparable terminology.
looking information is not a g uarantee of future performance and is based upon a
number of estimates and assumptions of management at the date the statements are made.
looking information involves a variety of known and unknown risks,
actors which may cause the actual plans, intentions, activities, results,
performance or achievements of the Corporation to be materially different from any future
plans, intentions, activities, results, performance or achievements expressed or implied by
looking information. See “Risk Factors” in the Corporation’s final prospectus dated
filed on SEDAR at www.sedar.com for a discussion of these risks.
The Corporation cautions that there can be no assurance that forward -looking i
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not place undue reliance on
the Corporation does not assume any obligation to release publicly
looking information contained in this press release to reflect events or
circumstances after the date hereof.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
See the company website at
Elaine Einarson, Investor Relations
looking information” within the meaning of applicable
securities laws that is intended to be covered by the safe harbours created by those laws.
looking terminology such
as “may”, “will”, “expect”, “anticipate”, “believe”, “continue”, “potential” or the negative
uarantee of future performance and is based upon a
number of estimates and assumptions of management at the date the statements are made.
looking information involves a variety of known and unknown risks,
actors which may cause the actual plans, intentions, activities, results,
performance or achievements of the Corporation to be materially different from any future
plans, intentions, activities, results, performance or achievements expressed or implied by such
looking information. See “Risk Factors” in the Corporation’s final prospectus dated
filed on SEDAR at www.sedar.com for a discussion of these risks.
looking information will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, investors should not place undue reliance on
the Corporation does not assume any obligation to release publicly
looking information contained in this press release to reflect events or
Provider (as that term is defined in the policies
of the Exchange) accepts responsibility for the adequacy or accuracy of this release.