Closing of Fourth and Final Tranche and Corporate Developement
LEGAL_45774012.3
Demesne Announces Closing Of Fourth And Final Tranche Of
Private Placement Financing And Additional Corporate
Developments
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -
Vancouver, BC, January 17, 2025 – Demesne Resources Ltd. (CSE:DEME)
(OTCQB:DEMRF) (FSE:RK9) (“Demesne” or the “Company”) is pleased to announce that it
has completed the fourth and final tranche (the “ Fourth Tranche”) of its previously announced
non-brokered private placement financing (the “ Offering”). Pursuant to the Fourth Tranche, the
Company issued 1,740,884 common shares of the Company (“ Common Shares”), at a price of
$0.25 per Common Share for gross proceeds of approximately $435,221.
The Company received gross proceeds of ap proximately $2,010,622 under the oversubscribed
Offering across all tranches.
In connection with the Fourth Tranche, the Co mpany paid finder’s fees to eligible finders
consisting of $11,200 in cash and 44,800 Co mmon Share purchase warrants (the “ Finder’s
Warrants”). Each Finder’s Warrant is exercisable to acquire one Common Share of capital of the
Company at an exercise price of $0.25 per Common Share for a period of 12-months.
The Company will use the net proceeds from the Offering to fund certain payments pursuant to an
option agreement in connection with the IMA Mine Project, certain payments pursuant to an option
agreement in connection with the Star Project, work program related expenses, marketing &
corporate development, and for general worki ng capital purposes. All securities issued in
connection with the Fourth Tranch e are subject to a statutory hold period of four months plus a
day from the date of issuance in accordance with applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities in the United States. The securities have not been a nd will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities
laws and may not be offered or so ld within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities la ws or an exem ption fro m such
registration is available.
ADDITIONAL CORPORATE DEVELOPMENTS
The Company also announces, in accordance with CSE policies, that it has entered into a marketing
agency agreement (the “Marketing Agreement”) with an arm’s length firm, Global One Media
Limited (“Global One”) to provide, among other things, social media management, marketing and
distribution services to the Company. The Marketing Agreement has an initial term of six months
that began on November 1, 2024, and the Company will pay Global One a monthly retainer fee of
US$3,700, excluding any spending on advertisements. Global One Media does not have any
interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire
such an interest.
The Company has also entered into an advertising agreement (the “Advertising Agreement”) with
Gold Standard Media, LLC (" GSM") to provide, among other things, landing pages, digital
marketing, email marketing, and influencer marketing. The Advertising Agreement has a term of
six months that will begin on January 27, 2025, and the Company will pay GSM a total
US$400,000 and has granted 850,000 stock options. Either party has the right to terminate this to
Advertising Agreement at any time.
ABOUT DEMESNE RESOURCES LTD.
Demesne Resources Ltd. is a British Columbia based company involved in the acquisition and
exploration of magnetite mineral properties. The Company's Star Project consists of five
contiguous mineral titles covering an area of approximately 4,615.75 hect ares located in the
Skeena Mining Division, British Columbia, Canada . The Company has entered into an option
agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project.
Demesne has also entered into an option agreem ent, pursuant to which it can acquire a 100%
interest (subject to a 2% roya lty) in and to the IMA Mine Proj ect, a past producing underground
tungsten mine situated on 22 patented claims located in East Central, Idaho, United States.
Social media links:
LinkedIn: https://www.linkedin.com/company/demesneresources/
X: https://x.com/demesneresource
Facebook: https://www.facebook.com/DemesneResources
Instagram: https://www.instagram.com/demesneresources/
YouTube: https://www.youtube.com/@demesneresources
ON BEHALF OF THE BOARD OF DIRECTORS:
Murray Nye
CEO
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada
For further information, please contact:
Murray Nye, CEO
Email: [email protected]
Phone: +1 (416) 300-7398
CSE:DEME
OTCQB:DEMRF
FSE:RK9
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release and has neither approved nor disapproved the contents of this press release.
This press release includes "forward-looking in formation" that is subject to a number of
assumptions, risks and uncertainties, many of wh ich are beyond the control of the Company.
Forward-looking statements in this news rele ase include, but are not limited to, statements
respecting the use of proceeds of the Offering. Such statements represent the Company’s current
views with respect to future events and are n ecessarily based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are inherently subject to
significant business, economic, competitive, political and soci al risks, contingencies and
uncertainties. Many factors, both known and un known, could cause results, performance, or
achievements to be materially different from the results, performance or achievements that are
or may be expressed or implie d by such forward-looking st atements. The Company does not
intend, and does not assume any obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in circumstances or any other events
affecting such statements and information other than as required by applicable laws, rules and
regulations.