Hansa Announces Private Placement Financing
Suite 1305, 1090 West Georgia Street
Vancouver, BC V6E 3V7 Canada
Phone: 1 604.685.9316 / Fax: 1 604.683.1585
NEWS RELEASE July 31, 2020
Hansa Announces Private Placement Financing
Vancouver, Canada – Hansa Resources Ltd. (“Hansa” or the “Company”) (TSXV-HRL) announces that
the Company will conduct a private placement financing of up to 12,500,000 units of the Company (the
“Units”) at an issue price of $0.035 per Unit to raise gross proceeds of up to $437,500. Each Unit comprises
one common sh are and one -half common share purchase warrant ( a “Warrant”). Each whole Warrant
entitles the holder to purchase one additional common share of the Company at an exercise price of $0.05
for a period of one year from closing. Insiders of the Company may be participating in this financing.
Proceeds received from the financing will be used for general working capital to augment the Company’s
current cash position to pursue exploration properties of merit.
The financing is subject to the approval of the TSX Venture Exchange.
ABOUT HANSA RESOURCES LTD.
Hansa Resources Limited is a TSXV listed and Frankfurt traded Canadian mineral exploration company
engaged in the acquisition, exploration and development of base and precious metal properties. Hansa
Resources is committed to building shareholder value through minimizing risk and maximizing potential
value of the C ompany's projects, utilizing Hansa's highly experienced, flexible and successful Board of
Directors and Management.
On behalf of the Board,
"John Nugent"
John Nugent, President
Neither the TSX Venture Exchange or 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.
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements and
forward-looking information (together, “forward -looking statements” ). All statements other than statements of historical fact
included in this release, including, without limitation, statements regarding the the Option Agreement, the Company’s option to
acquire an indirect interest in the License, if granted, and the grant of the License, other future plans and objectives of the Company
and prospects and potential mineralization on the License area are forward -looking statements. There can be no assurance that
such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements.
Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include failure
to obtain TSX Venture Exchange acceptance, failure to remove conditions to completion of the transaction pursuant to the Option
Agreement (the ”Transaction”), including the failure of the License to be granted to Poseidon, failure to raise sufficient funds on
the proposed terms or at all, and risks associated with mineral exploration, including the risk that actual results of exploration will
be different from those expected by management and the risk that potential mineralization will not be upgraded or verified, a nd
the other risks disclosed in this news rele ase. The forward -looking statements in this news release were develope d based on the
assumptions and expectations of management, including that TSX Ventu re Exchange acceptance for the T ransaction will be
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obtained, the License will be granted to Poseidon, the other conditions to completion of the Transaction will be satisfied, required
fundraising will be completed, the other assumptions disclosed in this news release and that the risks described above will n ot
materialize. There can be no assurance that the Transaction will complete. The Company expressly disclaims any intent ion or
obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise,
except as otherwise required by applicable securities legislation.