Regulus Announces Closing of Strategic Investment by Nuton, a Rio Tinto Venture
NEWS RELEASE
Not for Distribution to U.S. Newswire Services or Dissemination in the United States
Regulus Announces Closing of Strategic Investment by Nuton, a Rio Tinto Venture
January 30, 2023 (Vancouver, BC) - Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG,
OTCQX: RGLSF) is pleased to announce it has completed its previously announced non -brokered private
placement of 22,658,974 common shares ("Common Shares") at a price of $1.02 per Common Share for total
gross proceeds of C$23,112,153 (the "Private Placement"), led by a strategic investment from Nuton LLC, a Rio
Tinto Venture ("Nuton") (see news releases dated December 22, 2022 and January 20, 2023).
Nuton acquired 20,058,974 Common Shares for total proceeds of C$20,460,153. Route One Investment Company
LLC, Regulus' largest shareholder, has participated in the Private Placement and acquired 2,600,000 Common
Shares for total proceeds of C$2,652,000.
Regulus intends to use the funds to advance the AntaKori project and for general corporate purposes.
In accordance with applicable Canadian securities laws, the Common Shares issued pursuant to the Private
Placement will be subject to a four (4) month hold period ending May 28, 2023. The Offering remains subject to
final approval from the TSX Venture Exchange.
The securities being offered have not been, nor will they be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from the registration requirements. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of the securities in
any State in which such offer, solicitation or sale would be unlawful.
ON BEHALF OF THE REGULUS BOARD
(signed) "John Black"
John Black
CEO and Director
Tel: +1 (604) 685-6800
Email: [email protected]
For further information, please contact:
Regulus Resources Inc.
Ben Cherrington
Tel: +1 1 347 394 2728 or +44 7538 244 208
Email: [email protected]
About Regulus Resources Inc. and the AntaKori Project
Regulus is an international mineral exploration company run by an experienced technical and management team.
The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori
project currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48 %
Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu,
0.26 g/t Au, and 7.8 g/t Ag (independent technical report prepared by AMEC Foster Wheeler (Peru) S.A., a Wood
company, titled AntaKori Project, Cajamarca Province, Peru, NI 43-101 Technical Report, dated February 22,
2019 - see news release dated March 1, 2019). Mineralization remains open in most directions.
For further information on Regulus, please consult our website at www.regulusresources.com.
Forward Looking Information
Certain statements regarding Regulus, including management's assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control. Often, but not always, forward-looking statements or information
can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all statements included in this press release that address activities, events or developments
that Regulus expects or anticipates will or may occur in the future, including the expected use of proceeds of the Private
Placement, the proposed exploration and development of the AntaKori project described herein, and management's assessment
of future plans and operations and statements with respect to the completion of the anticipated exploration and development
programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and
unknown risks and uncertainties, most of which are beyond Regulus' control. These risks may cause actual financial and
operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by,
such forward-looking statements. Although Regulus believes that the expectations represented in such forward -looking
statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking
statements contained in this press release are made as of the date hereof and Aldebaran does not undertake any obligation to
publicly update or revise any forward-looking statements or information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.