Phenom Closes Second Tranche of Private Placement Financing
Not for distribution to United States newswire services or for dissemination in the United States.
Phenom Closes Second Tranche of Private Placement Financing
March 3, 202 5 - Vancouver, British Columbia – Phenom Resources Corp. (TSX -V: PHNM; OTCQX®:
PHNMF; FSE: 1PY0) (“Phenom” or the “Company”) announces that it has now closed on a second tranche
(“Second Tranche”) of its non-brokered private placement (the “ Offering”) previously announced on
January 31, as updated February 4, 2025. In this Second Tranche, the Company has issued 500,000 Units
(the “ Units”) at a price of $0. 25/Unit for gross proceeds of $1 25,000. In connection with the Second
Tranche, the Company paid a total of $875 as finder’s fees.
Each Unit comprises one common share in the capital of the Company (“Share”) and one transferable Share
purchase warrant of the Company (“ Warrant”), whereby each Warrant entitles the holder thereof to
purchase one additional Share (“Warrant Share”) at an exercise price of $0.35 at any time before 5:00 p.m.
(Vancouver time) on March 3, 2028, being the third anniversary of the date of issuance.
All securities issued under the Offering are subject to a hold period expiring July 4, 2025, in accordance
with applicable securities laws and the policies of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 (the “ 1933 Act”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered
under the 1933 Act and applicable state securities laws, or an exemption from such registratio n is
available.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley" CEO & President
T: (604) 340-7711 E: [email protected] W: www.phenomresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
Certain statements in this news release constitute "forward -looking" statements. These statements relate to future events or the
Company's future performance and include the Company’s ability complete the proposed non -brokered private placement financing on
the terms as described above. All such statements involve substantial known and unknown risks, uncertainties and other factor s which
may cause the actual results to vary from those expressed or implied by such forward -looking statements. Forward-looking statements
involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not
necessarily be accurate indications of whether or not such results will be achieved. Actual results could diff er materially from those
anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon
what management of the Company believes are reasonable assumptions on the date of this news rel ease, the Company cannot assure
investors that actual results will be consistent with these forward -looking statements. Readers should not place undue reliance on
forward-looking statements. The forward -looking statements contained in this press release ar e made as of the date hereof and the
Company disclaims any intention or obligation to update or revise any forward -looking statements whether as a result of new
information, future events or otherwise, except as required under applicable securities regulations.