Phenom Provides Clarification on Private Placement Financing
Not for distribution to United States newswire services or for dissemination in the United States.
Phenom Provides Clarification on Private Placement Financing
January 24, 2024 - Vancouver, British Columbia – Phenom Resources Corp. (TSX-V: PHNM; OTCQX®: PHNMF; FSE:
1PY0) (“Phenom” or the “Company”) wishes to clarify its January 19, 2024, news release (the “ Initial News
Release”), regarding its proposed non-brokered private placement offering as the maximum number of securities
to be issued had previously been misstated.
For clarification, the Company proposes to undertake a non-brokered private placement of up to 5,880,000 units
(the “Units”) at a price of $0.17/Unit to raise total gross proceeds of up to $999,600 (the “Offering”). Each Unit will
continue to be comprised of one common share (“Share”) and one Share purchase warrant (“Warrant”), whereby
each Warrant will entitle the holder thereof to purchase one Share for a period of three years at a price of $0.27.
The Company continues to retain a 10% over -allotment option which will permit it to issue up to an additional
588,000 Units for up to an additional $99,960 if circumstances warrant at the time of closing.
This clarification does not change any other information disclosed in the Initial News Release.
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 registration is available.
About Phenom Resources Corp.
Phenom holds 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 hosts the Carlin Vanadium deposit.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
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.