Central Timmins Exploration Corp. Announces Full Exercise and Closing of the over-Allotment Option
CENTRAL TIMMINS EXPLORATION CORP. ANNOUNCES FULL EXERCISE AND CLOSING OF THE
OVER-ALLOTMENT OPTION
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.
Toronto, Ontario November 14, 201 8 ‐ Central Timmins Exploration Corp . ("CTEC" or the
"Corporation") (TSXV: CTEC) is pleased to announce that, further to its successfully completed
initial public offering (the “Offering”) of 15,000,000 common shares of the Corporation
(“Common Shares”) at a price of $0.10 per Common Share (the “Offering Price”), the agent has
fully exercised its over-allotment option (the “Over-Allotment Option”) and has sold an additional
2,250,000 Common Shares at the Offering Price , for additional gross proceeds to CTEC of
$225,000.
The Common Shares are listed on the TSX Venture Exchange (the “Exchange”) under the symbol
“CTEC”. As a result of the closing of the Over -Allotment Option, CTEC now has 46,350,000
Common Shares issued and outstanding.
PI Financial Corp. acted as sole agent and bookrunner for the IPO.
CTEC’s Technical Report and final prospectus are available for review under the Corporation’s
profile on SEDAR at www.sedar.com.
The securities offered have not been, and will not be, registered under the United States
Securities Act of 1933, as amende d (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 the United States, nor 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-based junior exploration company with property exclusively in
the Porcupine Mining District in the northeastern region o f Ontario. The Company's assets are
prospective for gold as well as a suite of base metals. See the company website at
www.centraltimmins.com.
For further information, please contact:
Central Timmins Exploration Corp.
Charles Gryba, President, CEO & Director
Tel: 416-801-6366
Elaine Einarson, Investor Relations
Tel: 604-614-8469
Forward Looking Information
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.
“Forward-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.
Forward-looking information is not a guarantee of future performance and is based upon a
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 factors which may cause the actual plans, intentions, activities, result s,
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
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 -looking information will
prove to be accurate, as actual results and future even ts 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 Provider (as that term is defined in the policies
of the Exchange) accepts responsibility for the adequacy or accuracy of this release.