Metallica Metals Closes Private Placement
METALLICA METALS CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia – February 26, 2021 – M etallica Metals Corp. (CSE: MM) (OTC: MTALF)
(FWB: SY7P) (the “ Company ” or “ Metallica Metals ”) is pleased to announce that it has closed a non-
brokered private placement of flow-through units (the “ FT Offering ”) and non-flow-through units (the
“NFT Offering ”) (together, the FT Offering and NFT Offering are the “ Private Placement ”) for combined
proceeds of $2,606,250.55 as set out below.
Flow-Through Offering
The Company has issued 2,817,857 units (the " FT Units ") at a price of $0.35 per FT Unit for gross
proceeds of $986,249.95. Each FT Unit consists of one flow-through common share in the capital of the
Company (the " Flow-Through Shares ") and one half of one non-flow-through common share purchase
warrant (with two half warrants being a " Warrant "). Each whole Warrant will entitle the holder to
purchase one additional non-flow-through common share in the capital of the Company at an exercise
price of $0.50 per common share for a period of two years from the date of issuance. The Flow-Through
Shares will qualify as flowthrough shares for purposes of the Income Tax Act (Canada).
The gross proceeds of the FT Offering will be used to complete exploration and drilling activities on the
Company’s Starr Gold-Silver Project, and Sammy Ridgeline and Richview Pine PGM Projects (collectively,
the “ Projects ”) located in the Thunder Bay Mining District of On tario, and other Canadian Exploration
Expenses that will qualify as "flow through mining expenditures" as defined in subsection 127(9) of the
Income Tax Act (Canada).
Non-Flow-Through Offering
The Company has issued 5,400,002 non-flow-through units (the " Units ") at a price of $0.30 per Unit for
gross proceeds of up to $1,620,000.60. Each Unit co nsists of one non-flow-through common share in
the capital of the Company and one non-flow-through common share purchase warrant. Each Warrant
will entitle the holder to purchase one additional non-flow-through common share in the capital of the
Company at an exercise price of $0.50 per common sh are for a period of two years from the date of
issuance. The proceeds of the NFT Offering will be used to complete exploration and drilling activities
on the Company’s Projects and for general corporate purposes.
In connection with the Private Placement, the Company has paid finder’s fee of $69,015.03 in cash and
issued a total of 203,900 finder’s warrants (“ Finder’s Warrants ”). Each Finder’s Warrant is exercisable
to acquire one common share at a price of $0.50 per Warrant for a period of two years from issuance.
All securities issued are subject to a statutory fo ur month and one day hold period that will expire o n
June 27, 2021.
On behalf of the Board of Directors
METALLICA METALS CORP.
Paul Ténière, M.Sc., P.Geo.
CEO and Director
Head Office:
Suite 810 – 789 West Pender Street
Vancouver, BC V6C 1H2
Ph: (604) 687-2038
Toronto Office:
Suite 401 – 217 Queen Street West
Toronto, ON M5V 0R2
For more information, please visit the Company’s website at https://metallica-metals.com
Forward-looking Information Statement
This news release contains certain “forward-looking information” within the meaning of applicable
securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain
events or conditions “may” or “will” occur. In particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration
program and the expectations for the mining industry. Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future res ults, performance or achievements. Consequently,
there is no representation that the actual results achieved will be the same, in whole or in part, as those
set out in the forward-looking information.
Forward-looking information is based on the opinion s and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in the forward-looking
information. Some of the risks and other factors th at could cause the results to differ materially fro m
those expressed in the forward-looking information include, but are not limited to: general economic
conditions in Canada and globally; industry conditi ons, including governmental regulation and
environmental regulation; failure to obtain industry partner and other third party consents and approvals,
if and when required; the availability of capital on acceptable terms; the need to obtain required approvals
from regulatory authorities; stock market volatilit y; liabilities inherent in water disposal facility
operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of
the value of acquisitions; geological, technical, p rocessing and transportation problems; changes in t ax
laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositi ons;
and the other factors. Readers are cautioned that t his list of risk factors should not be construed as
exhaustive.
The forward-looking information contained in this n ews release is expressly qualified by this cautiona ry
statement. We undertake no duty to update any of th e forward-looking information to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) a ccepts responsibility for the adequacy or accuracy of
this release.