AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Correction: Usha Resources Announces Non-Brokered Private Placement This amended news release reproduces the news release filed on
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
www.usharesources.com
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Correction: Usha Resources Announces Non-Brokered Private Placement
This amended news release reproduces the news release filed on March 3, 2023, except that this amended
release updates incorrect information pertaining to the share purchase warrant that comprises the unit of
the non-brokered private placement
Vancouver, British Columbia / March 3, 2023 – Usha Resources Ltd. (“USHA” or the “Company”)
(TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition and exploration
company focused on the development of drill -ready battery and precious metal projects, is pleased to
announce that, subject to approval of the TSX Venture Exchange (the “Exchange”), it intends to complete
a non-brokered private placement (the “Private Placement”) of up to 6,153,847 units (the “Units”) at a
price of $0.325 per Unit, for gross proceeds of up to $2,000,000.
Each Unit will consist of one common share (a “Share”) of the Company and one transferable common
share purchase warrant exercisable at $0.50 per Share for a period of three (3) years from the closing date
of the Private Placement.
Finder’s fees may be payable in accordance with Exchange policies. The Company anticipates using the
proceeds from the Private Placement for exploration activities on the Company’s properties in Nevada and
Arizona and general working capital.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument
45-106 – Prospectus Exemptions (“NI 45-106”), the securities will be offered for sale to purchasers resident
in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part
5A of NI 45-106 (the “Listed Issuer Financing Exemption”), as well as other available exemptions under
NI 45-106. The securities to be issued pursuant to the Listed Issuer Financing Exemption will not be subject
to a hold period pursuant to applicable Canadian securities laws , except for the Securities to be issued to
directors, officers, promoters, consultants, insiders and other persons whose shares will be subject to the
hold period required by the Policies of the Exchange. Securities to be issued pursuant to the other available
exemptions are subject to a hold period.
There is an offering document related to this offering that can be accessed under the Company’s profile at
www.sedar.com and at www.usharesources.com. Prospective investors should read this offering document
before making an investment decision.
About Usha Resources Ltd.
Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the
development of quality battery and precious metal properties that are drill -ready with high -upside and
expansion potential. Based in Vancouver, BC, Usha’s portfolio of strategic properties provides target-rich
diversification and consist of Jackpot Lake, a lithium p roject in Nevada; Nicobat, a nickel‑copper‑cobalt
project in Ontario; and Lost Basin, a gold -copper project in Arizona. Usha trades on the TSX Venture
Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt
Stock Exchange under the symbol JO0.
Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6
www.usharesources.com
USHA RESOURCES LTD.
“Deepak V arshney” CEO and Director
For more information, please call Tyler Muir, Investor Relations, at 1 -888-772-2452, email
[email protected], or visit www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration
requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a prospectus containing
detailed information about the company and management, as well as financial statements.