Cornerstone Metals Increases Private Placement to $1,100,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Cornerstone Metals Increases Private Placement to $1,100,000
October 11, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC)
(“Cornerstone” or the “Company”) is pleased to announce that it is over-subscribed for its non-brokered
private placement previously announced September 22, 2017 and S eptember 29, 2017. Accordingly, the
Company will be further increasing its private placement such t hat it proposes to now sell and issue up to
7,857,143 units at a price of $0.14/unit for gross proceeds of up to $1,100,000. Each unit will be
comprised of one share and one warrant. Each warrant will be e xercisable into a share for a period of
three years at a price of $0.24/share. The proceeds of the pri vate placement will be used to carry out
exploration programs on the Company’s West Jerome property and its proposed new Carlin Vanadium
Project and for general working capital. The Company may pay a finder’s fee of cash, common shares or
warrants, or a combination thereof, to eligible persons in comp liance with applicable securities laws and
exchange policies. There is no material fact or material chang e about Cornerstone 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 A ct of 1933 as amended (1933 Act), or any
state securities laws, and may not be offered or sold within th e United States or to, or for account or
benefit of, U.S. persons (as d efined in Regulation S under the 1933 Act) unless registered 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 s tage copper, precious and strategic
minerals properties to production in the Americas. The Company’ s Management and Board Core
Competence is in exploration, permitting, development, construction, and operation of mining projects.
Cornerstone owns 100% (subject to 1.5% NSR) of the West Jerome property, near Jerome, Arizona, on
the west side of Freeport McMoRan 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 activ ities, events or developments that the Company expects, believe s or anticipates will
or may occur in the future are forward-looking statements. In particular, this news release cont ains forward-looking information regarding the
proposed private placement offering and the use of proceeds of such offering. These forward-look ing statements involve numerou s assumptions
made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors
it believes are appropriate in the circumst ances. These assumptions include, but are not limited to: future costs and expenses being based on
historical costs and expenses, adjusted fo r inflation; and market demand for, and mar ket acceptance of, the offering. In addit ion, these
statements involve substantial known and unknown risks and uncer tainties that contribute to the possibility that the prediction s, forecasts,
projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not
place undue reliance on forward-looking statements. Except as re quired 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.