Playfair Mining Announces Closing of Over-subscribed Private Placement
NEWS RELEASE
230-470 Granville St. Tel: 604 687-7178 PLY: TSX-V
Vancouver, B.C. Fax: 604 687-7179 P1J1 (Frankfurt)
Canada V6C 1V5 Toll Free: 888-244-6644 PLYFF (OTC)
June 29, 2020
NR-2020-03
Playfair Mining Announces Closing of Over-subscribed
Private Placement
Playfair Mining is pleased to announce that it has closed the non -brokered private placement
announced on June 5, 2020 and increased on June 9, 2020. The Company has issued 12,000,000
common shares at $0.05 per share for gross proceeds of $600,000. All shares issued are subject
to a hold period expiring four months and one day from the date of issuance. No finder’s fees
were paid in connection with this placement.
The proceeds will be used for exploration on the RKV project in South Central Norway and for
general working capital purposes.
Don Moore, CEO and director notes that this financing will advance the RKV copper, nickel and
cobalt (Cu-Ni-Co) project in Norway on numerous fronts:
“Playfair’s innovative and cost-effective approach will use detailed MMI to validate and extend 14
additional targets generated in the previous exploration program, do additional geophysics where
appropriate, and drill the compelling Storboren copper target.
This is a strong start for the district scale RKV project which al so includes the Vakkerlien Ni-Cu
deposit, two past -producing Cu-Co mines, and a newly recognized Cu-Co opportunity at
Borsjoho.”
The road to a cleaner environment includes batteries. Batteries use copper, nickel and cobalt.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore D. Neil Briggs
CEO and Director Director
Phone: 604-377-9220 Phone: 604-562-2578
Email: [email protected] Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.