Phenom Announces 85% of Warrants Exercised – Recently Receiving $1,236,586
Phenom Announces 85% of Warrants Exercised – Recently Receiving $1,236,586
July 12, 2023 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM) (OTCQX®: PHNMF)
(FSE: 1PY0) (“Phenom” or the “ Company”) is pleased to announce that 9,151,582 warrants priced at $0.26
with an expiration of July 9, 2023 were exercised, adding a total of $2,795,992 to the treasury over 3 years; an
85% exercise rate. In July 2023 alone, 4,756,009 of the warrants were exercised for proceeds of $1, 236,586.
The warrants were offered in connection with a $ 1,600,000 financing which closed on July 9 , 2020. The
Company now has a total of 95,003,664 shares issued and outstanding.
“I am extremely pleased to report a successful warrant exercise for the Company. I wou ld like to thank
shareholders for their vote of confidence in the Company’s exploration roadmap . Recent proceeds from the
warrant exercise will be used to fund drilling this summer and an NSR extension payment on the Carlin Gold-
Vanadium Project, for the initial evaluation of the recently optioned Crescent Valley gold project, for advancing
Company initiatives and for working capital” commented Paul Cowley Company President and CEO.
About Phenom Resources Corp.
Phenom has a 100% interest in the Carlin Vanadium Project, located in Elko County , 6 miles south from the
town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit, North America’s largest
highest grade primary vanadium resource. The Project lies in the Carlin Gold Trend. Approximately 9 million
ounces comprised of multiple gold deposits, including past producing mines, are pre sent near the Phenom
property (5-15km).
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
[email protected] 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 . All such statements involve substantial known and unknown risks, uncertainties and other factors
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 result s, and
they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could di ffer 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 r elease, the
Company cannot assure investors that actual results will be consistent with these forward -looking statements. The forward -looking
statements contained in this press release are 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.