Three Valley Copper Corp. Announces C$10 Million Bought Deal Financing
NEWS RELEASE
Three Valley Copper Corp. Announces C$10 Million Bought Deal Financing
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TORONTO, October 28, 2021 (TSX V: TVC) – Three Valley Copper Corp . ("TVC" or the " Company") announced
today that it has entered into an agreement with PI Financial Corp. and Eight Capital as co-lead underwriters and
joint bookrunners (together, the “Underwriters”), under which the Underwriters have agreed to buy on a bought
deal basis 31,250,000 units (the “ Units”) of the Company, at a price of C$ 0.32 per Unit for gross proceeds of
approximately C$ 10,000,000 (the “ Offering”). Each Unit consists of one common share in the capital of the
Company (each a “Unit Share”) and one common share purchase warrant (each a “ Warrant”). Each Warrant is
exercisable into one common share of the Company (each a “Warrant Share”) at an exercise price of C$0.45 for
a period of 30 months from the closing of the Offering.
The Company has also granted the Underwriters an option, exercisable at the offering price for a period of 30
days following the closing of the Offering, to purchase up to an additional 15% of the Units or the components
of the Units, to cover over-allotments, if any, and for market stabilization purposes. The Offering is expected to
close on or around November 1 8, 2021 and is subject to the Company receiving all necessary regulatory
approvals, including the approval of the TSX Venture Exchange.
The net proceeds from the Offering will be used to fund the advancement of the Company’s flagship Minera Tres
Valles project and for working capital and general corporate purposes.
The Units will be offered by way of short form prospectus in each of the provinces of Canada (other than Quebec).
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the
United States. The securities have not been and 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 sold within
the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities
laws or an exemption from such registration is available.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from,
and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned
by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of
exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release contain forward-looking information (collectively referred to herein as the
"Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the
words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without
limiting the foregoing, this news release contains Forward -Looking Statements pertaining to: the anticipated
approvals from all necessary regulators including the TSX Venture Exchange and the expected date of closing of
the Offering.
Although TVC believes that the Forward -Looking Statements are reasonable, they ar e not guarantees of future
results, performance or achievements. A number of factors or assumptions have been used to develop the
Forward-Looking Statements, including: the anticipated approvals from the TSX Venture Exchange and other
regulators, which app rovals are not guaranteed. Although the Company believes that the expectations and
assumptions on which such Forward -Looking Statements and information are based are reasonable, undue
reliance should not be placed on the Forward -Looking Statements and information as the Company cannot give
any assurance that they will prove to be correct. Since Forward-Looking Statements and information address
future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results,
performance or achievements could vary materially from those expressed or implied by the Forward -Looking
Statements should assumptions underlying the Forward -Looking Statements prove incorrect or should one or
more risks or other factors materialize. Readers are cautioned that the foregoing list of risks and uncertainties is
not exhaustive. Other risk factors that could affect the Company's operations or financial results are included in
the Company's Annual Information Form dated March 3, 2021 and may be a ccessed through the SEDAR website
(www.sedar.com). The forward-looking statements and information contained in this news release are made as
of the date hereof and the Company does not undertake any obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.
You 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, the Company is under no obligation and does not undertake
to update this information at any particular time, except as required by law.
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 news release.
For further information:
Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
Renmark Financial Communications Inc.
Joshua Lavers: [email protected]
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com