2024_08_02_Maclaren News release re NBPP closing
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MACLAREN MINERALS CLOSES PRIVATE PLACEMENT OF COMMON SHARES FOR $361,185.02
Not for distribution to United States newswire services or for
dissemination in the United States.
Vancouver, British Columbia, August 2, 2024, Maclaren Minerals Ltd. (CSE:MRN) (the “Company”) is
pleased to announce that it has closed its previously announced non-brokered private placement financing
(the “Offering”) of 5,159,786 common shares of the Company (“Common Shares”) at a price of C$0.07
per Common Share for aggregate gross proceeds of C $361,185.02. The Common Shares sold pursuant
to the Offering will be subject to a four-month hold period pursuant to securities laws in Canada.
The Company intends to use the net proceeds of the Offering for general working capital and corporate
expenses.
The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals and the submission of all required forms to the Canadian Securities Exchange.
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws and may not be offered or
sold in the United States absent registration or an available exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. 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 referenced
in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Maclaren Minerals
Maclaren Minerals Ltd. is engaged in mineral exploration and the acquisition of mineral assets. The
Company’s principal property is the Boer Property located in the Omineca Mining District in the Interior
Plateau of British Columbia.
On behalf of the board of directors of the Company
“Gary Musil”
Gary Musil
Chief Executive Officer and Director
Maclaren Minerals Ltd.
T: 604-787-7356
Cautionary Statement Regarding Forward Looking Information
This news release contains forward looking information or statements within the meaning of applicable securities laws,
which may include, without limitation, statements relating to the terms and completion of the Offering, the use of
proceeds of the Offering, the receipt of regulatory and stock exchange approval in respect of the Offering, the technical,
financial, and business prospects of the Company, its assets and other matters. All statements in this news release,
other than statements of historical facts, that address events or developments that the Company expects to occur, are
forward looking information or statements. Although the Company believes the expectations expressed in such forward-
looking information or statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward-looking information or statements. Such
statements and information are based on numerous assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future, the ability to achieve its goals , expected costs and
timelines to achieve the Company’s goals, that general business and economic conditions will not change in a material
adverse manner, and that financing will be available if and when needed and on reasonable terms. Such forward
looking information or statements reflects the Company’s views with respect to future events and is subject to risks,
uncertainties and assumptions, including the risks and uncertainties included in in documents filed under the
Company’s profile on SEDAR + at www.sedar plus.ca. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business, economic,
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competitive, and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from
those in forward looking information or statements include, but are not limited to, the ability of the Company to complete
the Offering on the terms described herein, including obtaining the requisite regulatory and stock exchange approvals,
continued availability of capital and financing and general economic, market or business conditions, failure to compete
effectively with competitors, failure to maintain or obtain all necessary permits, approvals and authorizations, failure to
comply with applicable laws , including environmental laws, risks relating to unanticipated operational difficulties. The
Company does not undertake to update forward looking statements or forward-looking information, except as required
by law.