Private Placement and Extension of Warrants
PELOTON MINERALS CORPORATION
NEWS RELEASE
July 28, 2023 CSE SYMBOL: PMC
OTCQB Symbol: PMCCF
Private Placement and Extension of Warrant Expiry Date
London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE
Symbol: PMC; OTCQB Symbol: PMCCF) has closed a non-brokered private placement of
CDN$55,000.00 (the “Private Placement”) and consisting of 611,111 units priced at CDN$0.09
per unit. Each unit consists of one common share and one common share purchase warrant
exercisable for three years at $0.12.
The Private Placement w as conducted in reliance upon certain prospectus exemptions, including
the exemption allowing issuers to raise capital by distributing securities to existing shareholders
(the “Existing Shareholder Exemption”) contained in OSC Rule 45 -501 (2.9) and the various
corresponding blanket orders and rules of participating jurisdictions (with the exception of
Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to
accredited investors and close personal friends and business associates of directors and officers of
the Company. The Company set July 20, 2023 as the record date for the purpose of determining
existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption.
The proceeds of the Private Placement will be used for working capital. Subscriptions were
accepted in whole or in part at the discretion of the Company on a first come, first served basis.
The securities issued in connection with the Private Placement are subject to a hold period expiring
four months and one day from the issuance of the securities.
The Company will modify the expiry time of certain outstanding warrants of the Company held
by previous private placement investors as follows:
7,934,629 warrants exercisable at a price of CDN$0.125 until 5:00 pm on August 20,
2023 will be exercisable until 5:00 pm on August 20, 2025.
For further information please contact:
Edward (Ted) Ellwood, MBA
President & CEO 1-519-964-2836
Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British
Columbia and Ontario whose common shares are listed on the CSE (Symbol: PMC) and trade in
the U.S. on the OTC QB (Symbol: PMCCF) . There are 1 23,099,458 common shares issued and
outstanding in the capital of the Company after the closing of the placement described above.
Peloton’s core exploration portfolio includes a Copper Porphyry project near Butte, Montana and
three Carlin Style Gold exploration projects in Elko County, Nevada.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws)
and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995).
Such statements or info rmation are identified with words such as "anticipate", "believe", "expect", "plan", "intend",
"potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook.
Although the Company believes that the expectations reflected in the forward -looking information or statements are
reasonable, prospective investors in the Company’s securities should not place undue reliance on forward -looking
statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-
looking information and statements contained in this news release are as of the date of this news release and the
Company assumes no obligation to update or revise this forward-looking information and statements except as required
by law.