Playfair Mining Announces Revised Private Placement
NEWS RELEASE
224-470 Granville St. Tel: 604 687-7178 PLY: TSX-V
Vancouver, B.C. Fax: 604 687-7179
Canada V6C 1V5 Toll Free: 888-244-6644 April 12, 2023
Playfair Mining Announces Revised Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Vancouver, B.C. – Playfair Mining Ltd. (“Playfair”, or the “Company”); PLY -TSXV, has
arranged a non -brokered private placement of 10,000,000 common shares of the Company
(“Shares”) at a price of $0.0 5 per Share (the “Offering“), for gross proceeds of $500,000. No
finders’ fees will be paid in connection with this Offering.
The Company intends to use the proceeds raised from the Offering for exploration activities in
Norway, and general corporate purposes. The Offering is expected to close on or before April 28,
2023. The Offering is subject to certain conditions including, but not limited to, receipt of all
necessary approvals including the approval of the TSX Venture Exchange.
The Offering is being completed pursuant to the listed issuer financing exempti on under Part 5A
of National Instrument 45 -106 Prospectus Exemptions and therefore the securities issued in the
Offering will not be subject to a hold period in accordance with applicable Canadian securities
laws. There will be an offering document related to the Offering that will be available under the
Company’s profile at www.sedar.com and at https://playfairmining.com. Prospective investors
should read this offering document before making an investment decision.
The securities issued pursuant to the Offering have not, nor will they be registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an
applicable exemption from the U.S. registration requirements. This news release shall not
constitute an offer to sell or the solicitation of an offer to b uy nor shall there be any sale of the
securities in the United States or in any other jurisdiction in which such offer, solicitation or sale
would be unlawful.
The Company will not be proceeding with the private placement announced in its News Release
of March 2, 2023.
The road to a cleaner environment includes electric vehicles. Electric vehicles need copper,
nickel, and cobalt. There is no green future without minerals.
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.
Forward-Looking Statements: This Playfair Mining Ltd. News Release may contain certain "forward-looking" statements and information relating
to Playfair which are based on the beliefs of Playfair management, as well as assumptions made by and information currently available to Playfair
management. Such statements reflect the current risks, uncertainti es and assumptions related to certain factors including, without limitations,
exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic
factors, competitive factors, ge neral economic conditions, relationships with vendors and strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices, and one -time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially
from those described herein.