Forty Pillars Mining Corp. Announces Private Placement of Units
{00037114:1}
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Forty Pillars Mining Corp. Announces Private Placement of Units
Vancouver, B.C. – December 15, 2023 ‐ Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or
“Forty Pillars”) is pleased to announce a non-brokered private placement offering of up to 2,440,000
units (the “ Units”) at a price of $0.05 per Unit for aggregate gross proceeds of up to $ 122,000 (the
“Offering”).
Each Unit will consist of one common share in the capital of the Company and one transferrable
common share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder to purchase one
additional common share in the capital of the Company at an exercise price of $0.06 per share for a
period of five years following the closing of the Offering.
The proceeds raised from the Offering are expected to be used for working capital and general
corporate purposes, and a ll securities to be issued under the Offering will be subject to a four month
hold period in accordance with applicable Canadian securities laws.
About Forty Pillars
Forty Pillars Mining Corp. is a Vancouver, B.C. based mineral exploration company focused on
exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.
FOR FURTHER INFORMATION CONTACT:
Nader Vatanchi
Chief Executive Officer
p: 778-881-4631
Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Certain information contained herein constitutes “forward -looking information” under Canadian
securities legislation. Forward -looking information includes, but is not limited to: the Company
completing the Offering; the size of the Offering, and the intended use of funds. Generally, forward-
looking information can be identified by the use of forward-looking terminology such as “anticipates”,
“anticipated” “expected” “intends” “will” or variations of such words and phrases or statements that
certain actions, events or results “will” occur. Forward -looking statements are based on the opinions
and estimates of management as of the date such statements are made and they are from those
expressed or implied by such forward -looking statements or forward -looking information subject to
known and unknown risks, uncertainties and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of
the Company have attempted to identif y important factors that could cause actual results to differ
materially from those contained in forward -looking statements or forward -looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
{00037114:1}
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements and forward-looking information. The Company will not
update any forward -looking statements or forward -looking information that are incorporated by
reference herein, except as required by applicable securities laws.