Cornerstone Metals Announces $1,500,000 Non-brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Cornerstone Metals Announces $1,500,000 Non-brokered Private Placement
March 1, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC)
(“Cornerstone” o r t h e “Company”) is pleased to announce a non-brokered private placement of up to
5,000,000 units at a price of $0. 30 per unit for gross proceeds of up to $1,500,000. Each unit will be
comprised of one share and one half warrant. Each full warrant will be exercisable into one common share
for a period of two years at an exercise price of $0.45 per sha re. The warrants are subject to an acceleration
clause should the common shares trade at a price of $0.70 or greater for 10 consecutive trading days.
The proceeds of the private placement will be used to carry out exploration programs on the Company’s
Carlin Vanadium Project and West Jerome property and for genera l working capital. The Company may pay
a finder’s fee of cash, to eligible persons, in compliance with applicable securities laws and exchange
policies. There is no material f act or material change about Co rnerstone that has not been generally
disclosed. This financing is subject to TSXV approval.
This news release does not constitute an offer to sell or a sol icitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful,
including any of the securities in the United States of America . The securities have not been and will not be
registered under the United States Securities Act of 1933 as am ended (1933 Act), or any state securities
laws, and may not be offered or sold within the United States o r to, or for account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) unless register ed under the 1933 Act and applicable state
securities laws, or an exemption from such registration requirements is available.
About Cornerstone Metals Inc.
Cornerstone’s objective is to adva nce exploration/development stage copper, precious and strategic minerals
properties to production in the Americas. The Company’s Managem ent and Board Core Competence is in
exploration, permitting, development, construction, and operation of mining projects.
The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County
22km by road (14 miles) from the town of Carlin, Nevada, and is comprised of 72 contiguous unpatented
mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin Vanadium
Deposit which is approximately 55m (180 feet) thick striking no rth-south over 1,860m (6,100ft) in length
and dipping 5°-30° west averagi ng 760m (2,500ft) of down dip ex tent from surface. The deposit is locally
exposed on surface, where it cuts topography, but mostly is fou nd at shallow depths, commonly between 15-
60m (50-200 ft) below surface.
Cornerstone also owns 100% (subj ect to 1.5% NSR) of the West Je rome property, near Jerome, Arizona, on
the west side of Freeport McMoRa n patented lands. The property, in a Volcanogenic Massive Sulfide camp,
is a high-grade, massive sulfide target located 2.4 km south of the past-producing United Verde (32 million
tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has attractive
untested drill targets.
Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a
Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.
ON BEHALF OF CORNERSTONE METALS INC.
per:
“Paul Cowley”
CEO & President
For further information, please contact:
Paul Cowley
Tel: 604-340-7711
Email: [email protected]
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.
Forward-looking information
All statements included in this press release that address activities, events or development s that the Company expects,
believes or anticipates will or may occur in the future are fo rward-looking statements. In particular, this news release
contains forward-looking information regarding the acquisition of the Carlin Vanadium Project, Nevada, the proposed
private placement offering and the use of proceeds of such offering. These forward-looking statements involve
numerous assumptions made by the Company based on its experience, perception of historical trends, current
conditions, expected future d evelopments and other factors it believes are appropriate in the circumstances. These
assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses,
adjusted for inflation; and market demand for, and market a cceptance of, the offering. In addition, these statements
involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statemen ts will prove inaccurate, certain of which are beyond the
Company’s control. Readers should not place undue relianc e on forward-looking statements. Except as required by
law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise
them to reflect the occurrence of future unanticipated events.