Confederation Minerals Ltd. Announces Private Placement
CONFEDERATION MINERALS LTD.
Suite 2250, 1055 West Hastings Street,
Vancouver, British Columbia, V6E 2E9
Tel: 604 688 9588; Fax: 778 329 9361
January 13, 2020 TSX-V Symbol: CFM
Confederation Minerals Ltd. Announces Private Placement
Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM)
(“Confederation” or the “Company”) is pleased to announce that it will conduct a non-brokered private
placement (the “Offering”) of 8,333,333 (the “Units”) at a price of $0.12 per Unit for gross proceeds of
up to $1,000,000. Each Unit will consist of one pre-consolidation common share and one transferrable
share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder to purchase one pre-
consolidation common share in the capital of the Company (a “ Warrant Share”) at a price of $0.18 per
Warrant Share for a period of five years from the closing of the Offering.
The Company may pay a finder’s fee on all or a portion of the Offering within the amount permitted by
the policies of the TSX Venture Exchange.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate
and regulatory approvals, in particular approval of the TSX Venture Exchange. All securities issued in
connection with the Offering will be subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities legislation.
The Company is proceeding with the share consolidation previously announced on January 6, 2020, and
expects to close the Offering before or concurrently with the share consolidation.
The proceeds from the Offering will be used to fund exploration programs on the Company's Newman
Todd gold prospect and Leo property in the Red Lake gold camp and for general working capital and
corporate purposes.
On behalf of the Board of Directors,
Confederation Minerals Ltd.
“David Velisek”
David Velisek
CEO & Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
www.confederationmineralsltd.com
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About CFM
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of
acquisition, exploration and development of mineral properties located in the highly prospective Red
Lake Mining District of Northern Ontario.
Neither 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.