79 Resources Ltd. Closes Financing
79 RESOURCES LTD. CLOSES FINANCING
Vancouver, British Columbia – March 19, 2021 – 79 Resources Ltd. (CSE: SNR) ("79
Resources " or the “Company”) is pleased to announce that further to its press release
dated February 19th, 2020 the Company has closed the non-brokered private placement. The
Company issued 4,180,000 common share units (the "Units") at a price of $0.12 per Unit for
aggregate gross proceeds of $501,600.00.
Each Unit is comprised of one common share (a "Share") and one transferable Share purchase
warrant (a "Warrant") of the Company. Each Warrant will entitle the holder to purchase one
Share (a “Warrant Share”) at a price of $0.20 per Warrant Share for a 24 month period. The
shares and warrants comprising the units are subject to a 4 month hold period expiring July
20th, 2021.
Finders’ fees of $ 31,200 and 260,000 finder’s warrants were paid to arm’s length parties.
Finder’s warrants entitle the Finder to purchase one common share in the Company at a price
of $0.20 for a period of 24 months from the date of closing.
Proceeds raised from the Offering will be used for general working capital and to further the
Company’s Louise Lake property in British Columbia and the newly acquired Lac Saint Simon
Lithium property, located in Quebec.
About 79 Resources Ltd.
79 Resources is a recently formed junior mining exploration company. Its objective is to
acquire, explore and develop precious and base metal properties of merit.
ON BEHALF OF THE BOARD
“Steven Feldman”
Steven Feldman Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news re lease contains forward-looking statements, which relate to future
events or future performance and reflect management’s current expectations and assumptions. Such forward -
looking statements reflect management’s current beliefs and are based on assumptions made by and information
currently available to the Company. Investors are cautioned that these forward -looking statements are neither
promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially
from those expected. These forward -looking statements are made as of the date hereof and, except as required
under applicable securities legislation, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in Canada (available at
WWW.SEDAR.COM).