Cornerstone Metals Signs Definitive Agreement on Carlin Vanadium Project Acquisition and Announces $770,000 Private Placement
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OR FOR DISSEMINATION IN THE UNITED STATES
Cornerstone Metals Signs Definitive Agreement on Carlin Vanadium Project Acquisition and
Announces $770,000 Private Placement
September 22, 2017 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSXV – CCC)
(“Cornerstone” or the “ Company”) is pleased to announce that further to its August 11, 2017 and
September 5, 2017 news releases, it has now execute d a binding Assignment of Property Option Agreement
with Americas Gold Exploration Inc. (AGEI), a private Nevada corporation, pursuant to which it will acquire
a 100% interest in its underlying option agreement on the Carlin Vanadium Project, Nevada. Closing wi ll
occur upon receipt of TSX Venture Exchange (TSXV) acceptance of the agreement.
The Company also announces a non-brokered private p lacement of up to 5,500,000 units at a price of
$0.14/unit for gross proceeds of up to $770,000. E ach unit will be comprised of one share and one war rant.
Each warrant will be exercisable into a share for a period of three years at a price of $0.24/share. The
proceeds of the private placement will be used to c arry out exploration programs on the Company’s West
Jerome property and its proposed new Carlin Vanadiu m Project and for general working capital. The
Company may pay a finder’s fee of cash, common shar es or warrants, or a combination thereof, to eligib le
persons in compliance with applicable securities la ws and exchange policies. This financing is subjec t to
TSXV approval.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction i n which such offer, solicitation or sale would be u nlawful,
including any of the securities in the United State s of America. The securities have not been and will not be
registered under the United States Securities Act o f 1933 as amended (1933 Act), or any state securiti es
laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) unl ess registered under the 1933 Act and applicable st ate
securities laws, or an exemption from such registration requirements is available.
About Cornerstone Metals Inc.
Cornerstone’s objective is to advance exploration/development stage copper, precious and strategic min erals
properties to production in the Americas. The Compa ny’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 prope rty, 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 gradin g
4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). T he West Jerome property has attractive untested dri ll
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 developments that the Company expects, believes or anticipates will or
may occur in the future are forward-looking stateme nts. In particular, this news release contains for ward-looking information regarding the
acquisition of the Carlin Vanadium Project, Nevada, the proposed private placement offering and the us e of proceeds of such offering. These
forward-looking statements involve numerous assumpt ions made by the Company based on its experience, p erception 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 o n historical costs and expenses, adjusted for infla tion; and market demand for, and market
acceptance of, the offering. In addition, these st atements involve substantial known and unknown risk s and uncertainties that contribute to the
possibility that the predictions, forecasts, projec tions and other forward-looking statements will pro ve inaccurate, certain of which are beyond the
Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not
intend to revise or update these forward-looking st atements after the date hereof or revise them to re flect the occurrence of future unanticipated
events.