(TSX Venture: PWM) is pleased to announce that it has closed a non- brokered flow-through private placement raising gross proceeds of $349,999.80 through the issuance of 1,166,666 units at a price of $0.30 per unit. Each unit is comprised of one flow -through common share of the
Vancouver, B.C. – July 7, 2017 – Power Metals Corp. ("Power Metals" or the “Company”)
(TSX Venture: PWM) is pleased to announce that it has closed a non- brokered flow-through
private placement raising gross proceeds of $349,999.80 through the issuance of 1,166,666 units
at a price of $0.30 per unit. Each unit is comprised of one flow -through common share of the
Company and one -half non flow -through share purchase warrant. Each whole share purchase
warrant entitles the holder to acquire an additional c ommon share of the Company at a price of
$0.40 per share for a period of two years from issuance. The securities issued pursuant to the
private placement are subject to a statutory hold period expiring on November 8, 2017.
A finder’s fee of 8% cash ($27,999.98) was paid to EMD Financial Inc. in connection with this
private placement.
The proceeds of this private placement will be used for a drill program on the Company’s Case
Lake Property.
About Power Metals Corp.
Power Metals Corp is one of Canada's newest premier mining companies with a mandate to explore, develop and
acquire high quality mining projects for minerals contributing to power. We are committed to building an arsenal of
projects in both lithium and other clean power fuels. We see an unprecedented opportunity to supply the staggering
growth of the lithium battery industry.
ON BEHALF OF THE BOARD,
Johnathan More
Johnathan More, Chairman and Director
Power Metals Corp.
Johnathan More
Chairman and Director
646-661-0409
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.