Aintree Announces Filing of Filing Statement for a Qualifying Transaction and Update on Financing
AINTREE RESOURCES INC.
NR 17-7
Aintree Announces Filing of Filing Statement for a Qualifying
Transaction and Update on Financing
Not for distribution to United States newswire services or for dissemination
in the United States
VANCOUVER, BC – August 25, 2017 – Aintree Resources Inc. ( TSX-Venture: AIN.H) (the
“Company” or “Aintree”), a Capital Pool Company (“ CPC”) listed on the NEX board of the TSX
Venture Exchange (the “ TSXV”), is pleased to announce the filing of a filing statement (th e
“Filing Statement”) to use the Tonopah Project as its listing p roperty for a CPC qualifying
transaction (“QT”). The Filing Statement dated August 24, 2017 was filed under the Company’s
profile on SEDAR at www.sedar.com.
Aintree was notified by a letter dated August 9, 2017 from the TSXV that the Company’s
proposed QT involving the Tonopah Property had been conditional ly accepted by the TSXV.
Completion of the QT approval process is subject to a number of conditions, principal among
these conditions is the filing of a final Filing Statement and the completion of a concurrent
financing to raise a minimum gross proceed of $1,000,000. Final acceptance of the QT by the
TSXV will allow the Company to be classified as a Tier 2 Mining Issuer on the TSXV.
Private Placement Financing
As part of its CPC QT Aintree intends to complete a non-brokere d private placement of up to
4,800,000 units in the capital of the Company (the “Units”) at a price of $0.25 per Unit for gross
proceeds of up to $1,200,000 (the “ Offering”). The terms of this financing, which was first
announced in Aintree’s June 5, 2017 press release, has now been amended to include a share
purchase warrant as of the date of the Filing Statement. Each U nit in the Offering will include
one common share in the capital of the Company (the “Share”) pl us one share purchase
warrant exercisable into a Share at $0.35 per Share for a perio d of two years from the closing of
the Offering. Finder’s fees, if applicable, will be payable in accordance with TSXV policies.
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals,
including the TSXV’s final acceptance of the Aintree CPC QT. All securities issued in connection
with the Offering will be subject to a hold period of four mont hs plus a day from the date of
issuance. The proceeds of the Offering will be used to settle C ompany debts and ordinary
course payables, fund bonding obligations, consulting fees and expenditures, including
additional technical study and drilling, arising in connection with the Tonopah Project, and for
general working capital purposes.
The Tonopah Project
The Tonopah Project is an advanced stage gold exploration/evalu ation project located on the
prolific Walker Lane Trend of Western Nevada approximately 20 m iles north and east of
Tonopah, Nevada. A total of 284,469 feet of drilling in 637 rev erse circulation and core holes
have been completed since 1980 on the Tonopah Project and proje ct area by a number of
companies. Details concerning the Tonopah Project can be found in the NI 43-101 Technical
Report on Mineral Exploration Results for the Tonopah Project, dated July 31, 2017, prepared
by Gustavson Associates of Lakewood, Colorado (the “ Technical Report”) and filed on SEDAR
under the company profile on SEDAR at www.sedar.com on August 2, 2017.
Investor Cautions
Completion of the Aintree CPC QT is subject to a number of cond itions, including but not limited
to the successful completion of the concurrent Offering and the final acceptance by the TSXV.
There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Filing Statement, any information
released or received with respect to the transaction may not be accurate or complete and
should not be relied upon. Trading in the securities of a CPC s hould be considered highly
speculative.
The TSXV has in no way passed upon the merits of the proposed t ransaction and has neither
approved nor disapproved the contents of this press release.
On behalf of the Aintree Resources Inc.,
“James Hesketh”
James Hesketh
President & CEO
For further information please contact:
James Hesketh
(720) 291-1775
Forward-Looking Information: This press release contains forward-looking information. All
statements, other than statements of historical fact, that addr ess activities, events or
developments that the Company believes, expects or anticipates will or may occur in the future
including, without limitation, statements regarding the complet ion of a CPC QT and the TSXV
final acceptance required for the CPC QT, and the completion of the Offering and the
subsequent use of the proceeds, are forward-looking information . This forward-looking
information reflects the current expectations or beliefs of the Company based on information
currently available to the Company. Forward-looking information is subject to a number of risks
and uncertainties that may cause the actual results of the Comp any to differ materially from
those discussed in the forward-looking information, and even if such actual results are realized
or substantially realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual results or events
to differ materially from current expectations include, among o ther things, the Company being
unable to satisfy the TSXV’s requirements to complete the CPC Q T, the inability to secure
sufficient subscriptions to complete the Offering, and amendmen ts to the recommended work
program in the Technical Report. Forward-looking information sp eaks only as of the date on
which it is provided and, except as may be required by applicab le securities laws and TSXV
policies, the Company disclaims any intent or obligation to upd ate any forward-looking
information, whether as a result of new information, future eve nts or results or otherwise, except
as required under the securities laws and stock exchange polici es applicable to the Company.
Although the Company believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a guarantee of future
performance and accordingly undue reliance should not be put on such information due to the
inherent uncertainty therein.
Neither 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.
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