Dissemination IN the U.s. Hybrid Minerals Inc. Hybrid (Formerly Savoy Ventures Inc.) Completes Acquisition and Concurrent Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE U.S.
HYBRID MINERALS INC.
HYBRID (FORMERLY SAVOY VENTURES INC.) COMPLETES ACQUISITION
AND CONCURRENT FINANCING
VANCOUVER, BC, January 16, 2018 – Hybrid Minerals Inc. (TSXV: H Z (“Hybrid” or the
“Company”) is pleased to announce that it completed its previously announced acquisition (the
“Acquisition”) of Hybrid Minerals USA Inc. (formerly Hybrid Minerals Inc.) (“ Hybrid USA ”). In
connection with the Acquisition, the Company has changed its name to “Hybrid Minerals Inc.”. In
addition, the Company also completed its previously announced private placement (the “ Financing”) for
gross proceeds of $1.5 million.
The Acquisition
The Company issued an aggregate of 9,700,001 common share s of the Company on January 15, 2018 in
exchange for all of the outstanding shares of Hybrid USA. Hybrid USA is a specialty minerals
exploration company and currently holds the rights to the CAS Cobalt Project. The CAS Project is an
advanced cobalt, copper , and gold property located between eCobalt Solutions’ Blackbird cobalt/copper
project and US Cobalt’s Iron Creek cobalt project in Lemhi County, Idaho, USA.
More information is available at www.hybrid-minerals.com
The Financing
The Financing was completed on January 15, 2018 for total gross proceeds of $1.5 million. the Company
issued 6,000,000 units (the “ Units”) at a price of $0.25 per Unit. Each Unit was comprised of one
common share of the Company (each a “Common Share ”) and one Common Share purcha se warrant
(each a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional Common Share
(each a “Warrant Share”) at $0.35 per Warrant Share for a period of 12 months following the issuance
date.
The Units issued in connection with the Financing are subject to a four month hold period that expires on
May 16, 2018. In connection with the closing of the Financing, the Company paid finders’ fees to eligible
parties. Finders acting in connection with the closing of the Financing received cash payments in the
aggregate amount of $83,900 together with 335,600 finders’ warrants (the “ Finder Warrants”). Each
Finder Warrant is exercisable by the holder to purchase one Common Share at a price of $0.35 for a
period of 12 months from the closing date of the Financing.
Graduation
The TSX Venture Exchange (the “Exchange”) has also conditionally accepted the Company’s application
for reactivation and graduation to the Exchange as a Tier 2 mining issuer (the “ Graduation”). The
Company’s common shares will resume trading on the Exchange under the new ticker symbol “HZ” after
the Exchange’s conditions for listing are satisfied and the Exchange issues its final bulletin confirming the
Graduation. The Company’s common shares are anticipated to resume trading on January 17, 2018.
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For further information please contact:
Hybrid Minerals Inc.
Glen Macdonald, Chief Executive Officer
Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the
transaction, any information released or received with respect to the Acquisition may not be accurate or complete
and should not be relied upon. Trading in securities of Hybrid Minerals Inc. should be considered highly
speculative.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issued, or to
be issued, under the Financing have not been, and will not be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
This n ews release contains forward-looking information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially from current expectations. Important factors –
including the availability of funds, the results of financing efforts and the parties’ due diligence reviews, and general
market conditions – that could cause actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com) . Readers are
cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise .
We seek safe harbour.