White Metal Resources Corp . White Metal Announces $0.05 Flow-Through Financing
WHITE METAL RESOURCES CORP .
WHITE METAL ANNOUNCES $0.05 FLOW-THROUGH FINANCING
MARCH 31, 2017
Thunder Bay, Ontario: White Metal Resources Corp. (TSX -V: WHM) (“White Metal” or the “Company”) is
Vancouver, British Columbia: Alset Energy Corp. (TSXV: ION) (“Alset” or “the Company”)
subject to the approval of the TSX Venture Exchange, proposes to undertake a non -brokered private
placement of units at a price of 13 cents per unit for gross proceeds of up to $520,000. Each unit shall
comprise one common share in the capital of the company and one common share purchase warrant.
Each warrant shall entitle the holder to purchase one common share at a price of 20 cents per share at
any time within 12 months of the date of issuance. All securities to be issu ed under this private
placement will be subject to a four-month resale restriction. If, subsequent to the four-month required
hold period, the Company’s closing share price is $0.30 or greater for ten consecutive days the
Company may accelerate the warrant exercise term by giving the warrant holders 30 days’ notice.
The company intends to close the private placement immediately following the satisfaction of
customary closing conditions, including receipt of all regulatory approvals. Alset will use the net
proceeds of this private placement for general working capital purposes and to advance its Lithium
projects in Mexico.
A finder's and/or administrative fee may be paid to registered representatives in connection with the
offering.
and approved the preparation of the scientific and technical disclosure contained within the release.
About White Metal Resources Corp (TSX-V: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 30,841,073
common shares issued and outstanding.
On behalf of the Board of Directors of White Metal Resources Corp.
“Michael Stares”
Michael Stares, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
The information contained herein contains "forward -looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future eve nts or
performance are not statements of historical fact and may be "forward-looking statements."
684 Squier St., Thunder Bay, ON P7B 4A8
Tel: 807-628-7836 Fax: 807-475-7200
TSX-V: WHM
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements, including, without limitation: risks related
to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated wit h mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for
delays in exploration or development activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity
of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for
unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future
exploration, development or mining results will not be consistent with the Company's expectations; risks related
to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more
of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking statements. Investors are cautioned against attributing
undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company’s expectations or projection
For further information contact:
Michael Stares
684 Squier St.
Thunder Bay, ON P7B 4A8
Phone: (807) 628-7836
Fax: (807) 475-7200