Searchlight Announces Private Placement Financing
TSXV: SCLT
Suite 408 – 1199 West Pender Street • Vancouver, B.C. • V6E 2R1
TEL (604) 331-9326 • FAX (604) 684-9365
Searchlight Announces Private Placement Financing
Vancouver, British Columb ia, May 29, 2019, - Searchlight Resources Inc.(“Searchlight” or the
“Company”) (TSX-V: SCLT) is pleased to announce a private placement financing of up to
10,000,000 Units consisting of one common share and one full share purchase warrant at a price of
$0.05 per unit (the "Offering"). Each warrant will entitle the holder to purchase one common share at
$0.05 per share until the close of business on the day which is 24 months from the date of issue of
the warrant.
Closing of the proposed Offering is subject to a number of conditions, in cluding receipt of all
necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.
Finders fees may be payable in connection with this private placement. All the securities issuable will
be subject to a four-month hold period from the date of closing.
Searchlight will rely upon such prospectus exemptions as are available, including access to existing
shareholders through the Existing Shareholder Exemption. This ensures all shareholders are treated
equally and fairly.
Searchlight intends to use the proceeds of the up to $500,000 of the Offering for general corporate
purposes.
About Searchlight Resources Inc.
Searchlight Resources Inc.is a Canadian mineral exploration and development company listed
on the Toronto Venture Exchange (TSX-V: SCLT). The corporate strategy of the company is:
• to explore and develop opportunities in safe, low risk jurisdictions. The Company holds
claims in Saskatchewan and Ontario, Canada and Nevada, USA. These are three of the
top seven jurisdictions in the world for mining investment, as ranked by the Fraser
Institute.
• to target known highly productive geological belts, including the Flin Flon – Snow Lake
Greenstone Belt, the Abitibi Greenstone Belt and the Walker Lane Structural Belt
• to acquire high quality projects, close to infrastructure, focusing on road access
• to work closely with stakeholders, including First Nations, Metis, local and provincial
governments and local contractors to advance mineral exploration and development in a
safe and environmentally sound manner.
Searchlight holds a portfolio of gold, cobalt, copper, vanadium and specialty metal projects from
grassroots stage to advanced exploration and NI43-101 resource development.
On behalf of the Board of Directors,
“Stephen Wallace”
SEARCHLIGHT RESOURCES INC.
Stephen Wallace, President, CEO and Director
Contact: Searchlight Resources Inc.
Investor Relations
(604) 331-9326
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news re lease. These statements reflect management’s
current estim ates, beliefs, intentions and e xpectations. They ar e not guarantees of future
performance. The Company cautions that all for ward looking statements are i nherently
uncertain and that actual performance may be affected by a number of material factors, many of
which are beyond the Company’s control. Such fact ors include, among other thi ngs: risks and
uncertainties relating to the Company’s limited operating h istory and the need to comply with
environmental and governmental regulations. Accordingly, actual and future events, conditions
and r esults may differ ma terially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required under applicable
securities legislati on, the Company undertakes no obligation to publicl y upda te or revise
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SE RVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTUR E EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.