Phenom Announces Second and Final Tranche Closing of $1,829,100 Over-Subscribed Non-Brokered Private Placement Financing
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Phenom Announces Second and Final Tranche Closing of $1,829,100
Over-Subscribed Non-Brokered Private Placement Financing
November 10, 2022 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM; OTCQX®: PHNMF;
FSE: 1PY0) (“Phenom” or the “Company”) announces further to its October 3, 2022 and October 21, 2022 news
releases, it has now completed the second and final tranche (the “ Second Tranche”) of its over-subscribed non-
brokered private placement (the “Offering”). Under the Second Tranche, the Company has issued 2,006,666 units
for gross proceeds of $601,999.80. In connection with the Second Tranche, the Company paid a total of $8,700 as
finder’s fees. All securities issued under the Second Tranche are subject to a hold period expiring March 11, 2023,
in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
Together with the first tranche closing announced October 21, 2022, the Company has now raised a total of
$1,829,100.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the Unit ed
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
registration is available.
About Phenom Resources Corp.
Phenom (formerly First Vanadium Corp.) has a 100% interest in the Carlin Gold-Vanadium Project, located in Elko
County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The property lies in the southern parts of
Carlin Gold Trend. The Carlin Gold-Vanadium Project also hosts the Carlin Vanadium deposit.
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 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 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 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 release, 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.