T2 Metals Announces Closing of Private Placements Totaling over $2.9 Million
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
T2 METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENTS
TOTALING OVER $2.9 MILLION
Vancouver, British Columbia – June 27 2024: T2 Metals Corp. (“T2” or the “Company”) (TSX-V: TWO)
(OTCQB: AGLAF) (WKN: A2DR6E) is pleased to announce final closing of a non-brokered private placement
financing (the “Private Placement ”) and a non -brokered Flow Through private placement financing (the “FT
Private Placement”) for a total of $2,912,400 as announced June 18 2024 and June 14 2024 respectively.
The Private Placement financing raised gross proceeds of $2,400,000 by issuing a total of 9,600,000 units (each a
“Unit”), at a price of $0.25 per Unit. The FT Private Placement raised gross proceeds of $512,400 by issuing a total
of 1,830,000 units (each an FT Unit), at a price of $0.28 per FT Unit. Each Unit and FT Unit comprised one common
share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an
additional common share at a price of $0.40 for a period of three years from closing.
Certain insiders of the Company participated in the Offering and purchased an aggregate of 654,000 Units and
152,850 FT Units. Participation of the insiders in the Offering constituted a "related party transaction" as defined
under Multilateral Instrument 61‐101 – Protection of Minority Security Holders in Special Transactions ("MI
61‐101"), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61‐
101, as neither the fair market value of the securities issued to the insider nor the consideration paid by the insider
exceeded 25% of the Company's market capitalization. None of the Company's directors expressed any contrary
views or disagreements with respect to the foregoing. The Company did not file a material change report 21 days
prior to the closing of the Offering as the details of the participation of the insiders of the Company had not been
confirmed at that time.
Finders' fees in the amount of $ 50,294 cash were paid on a portion of the financings. Proceeds will be used for
working capital and exploration.
Mark Saxon, CEO of T2 Metals Corp. said "This financing was very well supported by management, institutions and
existing shareholders, and places the Company on a strong path to continued discovery.”
All securities issued in the Financing are subject to a four -month hold period and to all necessary regulatory
approvals, including the final acceptance of the TSX Venture Exchange.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale
of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have
not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the
United States or to, or for the accoun t or benefit of, U.S. persons (as defined in Regulation S under the U.S.
Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration requirements.
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About T2 Metals Corp (TSX.V: TWO) (OTC: AGLAF) (WKN: A2DR6E)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through
exploration and discovery. The Company continues to target under -explored areas, including the Sherridon, Lida,
Cora and Copper Eagle projects where post-mineralization cover masks areas of high geological prospectivity in the
vicinity of major mines.
ON BEHALF OF THE BOARD,
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
t2metals.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
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 release.
Cautionary Note Regarding Forward -Looking Statements
Certain information set out in this news release constitutes forward -looking information. Forward looking
statements are often, but not always, identified by the use of words such as "seek", "anticipate”, "plan", "continue”,
"estimate”, "expect", "may”, "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-
l o o k in g s t a t e m e n t s a r e b as e d u p on t h e o p i n io n s a n d e x p e c t a t i o n s o f m a n a g em e n t o f t h e C o m p an y a s a t t h e
effective date of such statements and, in certain cases, informati on provided or disseminated by third parties.
Although the Company believes that the expectations reflected in forward -looking statements are based upon
reasonable assumptions, and that information obtained from third party sources is reliable, they can gi ve no
assu ran ce th at th ose expectation s will prov e to h av e been correct. Readers ar e cau tion ed n ot to place u n du e
reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ
materially from those projected in the forward -looking statements. Such risks include uncertainties relating to
exploration activities. When relying on forward-looking statements to make decisions, investors and others should
carefully consider the foregoing factors and other uncertaint ies and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any forward -looking statements, except
as may be required by applicable securities laws.