Tectonic Metals Announces Extension of Non-Brokered Private Placement
TECTONIC METALS ANNOUNCES EXTENSION OF NON-BROKERED PRIVATE
PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, B.C., June 13, 2022 – Tectonic Metals Inc. (TECT: TSX-V; TETOF: OTCQB;
T15B: FSE) (the “Company” or “Tectonic”) is pleased to announce that the TSX Venture
Exchange (the “TSX-V”) has granted a 30 -day extension to complete its non-brokered private
placement financing (the “Offering”) previously announced on April 25, 2022 . The conditional
approval period for the Offering will now expire on July 8, 2022.
Tectonic closed the first tranche of the Offering on May 30, 2022 for aggregate gross proceeds of
C$1,931,140 (see news release here).
The Offering
The TSX -V has granted Tectonic a 30 -day extension to complete the Offering, the conditional
approval period for which will now expire on July 8, 2022.
The terms of the Offering provide for the issuance of up to 50,000,000 units of the Company (the
“Units”) at a price of C$0.06 per Unit, for aggregate gross proceeds of up to C$3,000,000. Each
Unit is comprised of one common share in the capital of Tectonic (a “Common Share”) and one-
half common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each
Warrant is exercisable into one Common Share at an exercise price of C$0.10 per Common Share
and expire two years from the closing date of the Offering.
The net proceeds of the Offering will be used to advance the Company’s Tibbs and Seventymile
properties and for general working capital.
All securities issued under the Offering are subject to a four-month hold period. Additional closings
under the Offering are subject to certain conditions, including, but not limited to, the receipt of all
necessary approvals, including the final approval of the TSXV.
This news release does not constitute an offer to sell, solicitation or offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities have not
been and will not be registered under the United States Securities Act of 1933, as amended (the
“1933 Act”) or any state securities laws and may not be offered or sold within the United States or
to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities la ws, or an exemption from such
registration requirements is available.
About Tectonic
Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced
and well -respected technical and financial team with a track record of wealth creation for
shareholders. Key members of the Tectonic team were involved with Kaminak Gold Corporation,
the Company that raised C$165 million to fund the acquisition, discovery, and advancement of the
Coffee Gold Project in the Yukon Territory through to the completion of a bankable feasibility study
before selling the multi-million-ounce gold project to Goldcorp Inc. (now Newmont) for C$520 million
in 2016. Tectonic is focused on the acquisition, exploration, discovery, and development of mineral
resources from district-scale projects in politically stable jurisdictions that have the potential to host
world-class orebodies.
Whether at home or at work, the Tectonic team is grounded on the following core values: passion,
integrity, patience, focus, perseve rance, honesty, fairness, accountability, respect and a play big
mindset. The Company works for its shareholders and is committed to creating value for them.
To learn more about Tectonic, please click here.
On behalf of Tectonic Metals Inc.,
Tony Reda
President and Chief Executive Officer
For further information about Tectonic Metals Inc. or this news release, please visit our website at
www.tectonicmetals.com or contact Bill Stormont, Investor Relations, at toll-free 1.888.685.8558 or
by email at [email protected].
Facebook: https://www.facebook.com/TectonicMetals/
Twitter: https://twitter.com/TectonicMetals
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LinkedIn: https://www.linkedin.com/company/tectonic-metals
Cautionary Note Regarding Forward-Looking Statements and Historical Information
Certain information in this news release constitutes forward -looking information and statements under applicable securities law.
Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward -
looking statements. Forward -looking statements are often identified by terms such as “may”, “should ”, “anticipate ”, “expect”,
“intend ” and similar expressions and include, but are not limited to, statements with respect to the size and completion of the
Offering, the use of proceeds of the Offering, the potential for mineralization at Tectonic’s projects, any future exploration
activities and the size. The Company makes no representation or warranty regarding the accuracy or completeness of any
historical da ta from prior exploration undertaken by others other than the company and has not taken any steps to verify, the
adequacy, accuracy or completeness of the information provided herein and, under no circumstances, will be liable for any
inaccuracies or omiss ions in any such information or data, any delays or errors in the transmission thereof, or any loss or direct,
indirect, incidental, special or consequential damages caused by reliance on this information or the risks arising from the s tock
market.
Forward -looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions
of management at the date the statements are made including, among others, assumptions about future prices of gold and other
metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining
governmental and other approvals and financing on time, obtaining required licenses and permits, labour stability, stability in
market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated
costs and expenditures. Many assumptions are based on factors and events that are not within the control of Tectonic, and
there is no assurance they will prove to be correct.
Although Tectonic considers these beliefs and assumptions to be reasonable based on information currently available to it, th ey
may prove to be incorrect, and the forward -looking statements in this release are subject to nume rous risks, uncertainties and
other factors that may cause future results to differ materially from those expressed or implied in such forward -looking
statements. Forward -looking statements necessarily involve known and unknown risks, including, without li mitation: the
Company’s ability to implement its business strategies; risks associated with mineral exploration and production; risks
associated with general economic conditions; adverse industry events; marketing and transportation costs; loss of markets;
volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability t o access
sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regula tory
matters; competition; currency and interest rate fluctuations; and other risks.
Readers are further cautioned not to place undue reliance on forward -looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Although Tectonic
has attempted to identify important factors that could cause actual results to differ materially from those contained in forward -
looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results and future events could differ materially fro m
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward -looking information.
Tectonic does not undertake to update any forward -looking information, except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.