Tribeca Resources Closes C$1.28 Million Non-Brokered Private
NEWS RELEASE
TSXV TRBC OTCQB TRRCF 1 DELIVERING THE NEXT GENERATION
OF COPPER MINES IN CHILE
AUGUST 9, 2024 | VANCOUVER, BC
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
Tribeca Resources Closes C$1.28 Million Non-Brokered Private
Placement
Tribeca Resources Corporation (TSXV: TRBC) (OTCQB: TRRCF) (“ Tribeca Resources ”, the
“Company”), further to the news release of July 26, 2024, is pleased to announce that it has it
has now closed the second and final tranche (the “ Final Tranche”) of a non-brokered private
placement (the “Private Placement”). Together with the first tranche, Tribeca Resources raised
gross proceeds of C$1,285,000.
In connection with the Final Tranche, the Company raised gross proceeds of C$219,627 via
the sale of 732,090 common shares of the Company ("Common Shares") at a price of C$0.30
per Common Share.
The proceeds of the Private Placement will predominantly be used to fund:
Pre-drilling activities and an initial drill program of up to 1,500 metres at the Company’s
Chiricuto project, which features a large geophysical anomaly that remains undrilled;
Advancement of the Company's La Higuera project ahead of Phase 3 drilling; and
Wider business development activities and for general corporate purposes
Tribeca Resources CEO, Dr Paul Gow commented:
“This additional capital will ensure we are well financed to advance and drill test the significant
geophysical anomaly at the recently acquired Chiricuto project. The high calibre of investors
we have attracted reflects the exciting exploration potential at the Chiricuto project and our
team’s proven track-record at the La Higuera copper-gold project.”
No finder’s fees were paid in connection with the Final Tranche of the Private Placement. In
connection with closing of the first tranche, the Company paid C$7,500 to Tamesis Partners
LLP and C$7,200 to Leede Jones Gable Inc. in consideration for introducing certain subscribers
to the Private Placement.
All securities issued pursuant to the Private Placement are subject to a statutory hold period of
four months and one day. Closing of the Private Placement is subject to receipt of all necessary
regulatory approvals and final acceptance of the TSX Venture Exchange.
About Tribeca Resources
Tribeca Resources is a copper exploration company focused on discovering and developing
assets in the Coastal IOCG Belt of northern Chile. The company’s management team, whose
members are significant shareholders of the Company, has world-leading expertise and a
discovery history with iron oxide copper-gold deposits in the world’s great IOCG Belts of the
Carajás district in Brazil and the Gawler and Cloncurry provinces of Australia.
Tribeca Resources’ objective is to provide the mineral resources for the next generation of
copper mines in Chile. It is focused on building a portfolio of projects, with emphasis on mid
to advanced-stage copper exploration and resource development projects. To this end,
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TSXV TRBC OTCQB TRRCF 2 DELIVERING THE NEXT GENERATION
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mineral targets are regularly assessed in pursuit of acquisition, strategic exploration and
significant discovery.
Tribeca’s flagship property is the La Higuera IOCG project that comprises 4,147 hectares of
granted mining and exploration licences and is located towards the southern end of the
Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile. Further information
about the La Higuera Project can be found in the NI 43-101 Technical Report lodged by Tribeca
on SEDAR on 24 October 2022. Further, Tribeca holds an option to acquire a 100% interest in
the Chiricuto Property. Chiricuto hosts a rare undrilled iron oxide alteration system in the
Mantoverde – Santo Domingo district, located in the Atacama Region within the Chilean
Coastal IOCG Belt.
For more information, please contact:
Paul Gow Thomas Schmidt
CEO and Director President and Director
[email protected] [email protected]
+1 604 685 9316 +1 604 685 9316
Cautionary Note
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the
adequacy or accuracy of this press release.
This press release does not constitute or form a part of any offer or solicitation to purchase or
subscribe for securities in the United States. The securities referred to herein have not been
and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”),
or with any securities regulatory authority of any state or other jurisdiction in the United States,
and may not be offered or sold, directly or indirectly, within the United States or to, or for the
account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities
Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to
the registration requirements of the Securities Act.
Forward Looking Information
This press release contains forward-looking statements and information that are based on the
beliefs of management and reflect the Company's current expectations. When used in this
press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan",
"predict", "may" or "should" and the negative of these words or such variations thereon or
comparable terminology are intended to identify forward-looking statements and information.
The forward-looking statements and information in this press release include information
relating to the use of proceeds of the Private Placement, the operations of the Company, the
drilling programs, that the Company’s results have or will attract potential investors and
approval of the TSXV and any other regulatory bodies.
Such statements and information reflect the current view of the Company. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors,
which may cause our actual results, performance or achievements, or other future events, to
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TSXV TRBC OTCQB TRRCF 3 DELIVERING THE NEXT GENERATION
OF COPPER MINES IN CHILE
be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among others: the ability of
the Company to satisfy the closing conditions and obtain regulatory approval for the Private
Placement, new laws or regulations could adversely affect the business and results of
operations of the Company and anticipated work on the projects.
There are several important factors that could cause the Company’s actual results to differ
materially from those indicated or implied by forward-looking statements and information.
Such factors include, among others: reliance on key management; changes in the credit or
security markets; results of operation activities; unanticipated costs and expenses; fluctuations
in commodity prices; and general market and industry conditions. The Company cautions that
the foregoing list of material factors is not exhaustive. When relying on the Company's forward-
looking statements and information to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
The Company has assumed that the material factors referred to in the previous paragraph will
not cause such forward-looking statements and information to differ materially from actual
results or events. The forward-looking information contained in this press release represents
the expectations of the Company as of the date of this press release and, accordingly, is subject
to change after such date. Readers should not place undue importance on forward looking
information and should not rely upon this information as of any other date. While the Company
may elect to, it does not undertake to update this information at any particular time except as
required in accordance with applicable laws.