Temas Completes Equity Financings
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NEWS RELEASE – for immediate release
TEMAS COMPLETES EQUITY FINANCINGS
Vancouver, B.C. – December 19, 2022 - Temas Resources Corp. (“Temas” or the “Company”) [CSE: TMAS] is
pleased to announce that the Company has closed a non-brokered private placement (the “ Financing”), issuing
1,875,000 flow-through units (the “Units”) at a price of $0.08 per Unit for aggregate gross proceeds of $1 50,000.
Each Unit consists of one common share of the Company (a “FT Share”), each of which will qualifies as a “flow-
through share” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”), and one -half of
one common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the
holder thereof to purchase one additional common share at an exercise price of $0.10 for a period of three (3) years
from the closing date.
The Company intends to use the net proceeds of the Financing for exploration activities incurred on its Quebec
iron-titanium-vanadium projects, expected to be primarily drilling. The gross proceeds raised from the sale of Units
will only be used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such
terms are defined in the Tax Act) on the Company’s Quebec mineral iron-titanium-vanadium projects.
The Company paid Laurentian Bank Securities (the “Finder”) cash fees of $7,500 and issued 168,750 Warrants to
the Finder (the “Finders Warrants”) as compensation for introducing the purchasers of Units to the Company. The
Finders Warrants entitles the holder thereof to purchase common shares at an exercise price of $0.08 for a period
of two (2) years.
The Warrants include an acceleration clause which will provide that, in the event that the closing price of the
Purchaser's common shares on the CSE, or such other relevant exchange, is equal to or greater than C$0.20 per
share for a period of thirty (30) consecutive trading days, the Company may provide holders of the Warrants with
written notice that holders have thirty (30) days within which to exercise the Warrants on the original terms.
All securities issued pursuant to the Financing are subject to a statutory four-month and one day hold period from
the date of issuance in accordance with applicable securities laws of Canada.
On behalf of the Board of Directors,
Michael Dehn, President & CEO
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About Temas Resources
Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is focused on the advancement of mineral independence
and processes by which mineral products (nickel, iron, copper, gold, ilmenite and other sulphide and oxide mineral
ores and concentrates) are processed and recovered using sustainable hydrometallurgical technologies. The
Company invests in and works to apply its green technologies across its mining portfolio to reduce the
environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching
technologies. The Company is advancing Iron-Titanium -Vanadium projects in Quebec and has recently published
results from a preliminary economic assessment on the Piskanja Boron Project in Serbia.
All public filings for the Company ca n be found on the SEDAR website www.sedar.com. For more information
about the Company, please visit www.temasresources.com.
For further information or investor relations inquiries:
Michael Dehn
President and CEO
E-mail: [email protected]
Tel: 647-477-2382
Forward-Looking Statements
This news release includes certain “forward-looking information” under applicable Canadian securities laws. When
used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”,
“may”, “would”, “could”, “schedule” and similar words or expressions, identify forward -looking statements or
information.
NEITHER THE CSE NOR ITS REGULATIO N SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.