In the news release, METALLIS ANNOUNCES $750,000 MILLION NON-BROKERED PRIVATE PLACEMENT,
issued 07-Oct-2024 by Metallis
Resources Inc. over CNW, we are advised by the company that the
headline should read "METALLIS ANNOUNCES $750,000 NON-BROKERED PRIVATE PLACEMENT'' rather
than "METALLIS ANNOUNCES $750,000
MILLION NON-BROKERED PRIVATE PLACEMENT" as originally issued
inadvertently. The complete, corrected release follows:
METALLIS ANNOUNCES $750,000 NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC, Oct. 7, 2024
/CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB:
MTLFF) (the "Company" or "Metallis") announces a non-brokered
placement (the "Financing") of up to $750,000. The Financing will consist of up to
5.77 million units at a price of $0.13 per unit. Each unit will consist of one
common share and one non-transferable share purchase warrant, each
warrant will entitle the holder to purchase one additional common
share at a price of $0.18 per share
for a 3-year period.
Shares issued on closing will be subject to a trading hold
period expiring four months plus one day from the date of issuance.
Closing of the private placement is subject to receipt of all
necessary regulatory approvals and final acceptance by the
TSXV.
The proceeds from the Financing will be used for field
exploration work at the Company's Kirkham and Greyhound Properties
and for general corporate purposes.
About Metallis
Metallis Resources Inc. is a Vancouver-based company focused on the
exploration for gold, copper and silver on its flagship 100%-owned
Kirkham Property in Canada,
situated in northwest British
Columbia's Golden Triangle, and on its recently acquired
Greyhound Property, a gold/silver/antimony target in Idaho, USA.
Metallis trades under the symbols MTS on the TSX Venture
Exchange, MTLFF on the OTCQB Exchange, and 0CVM on the Frankfurt
Stock Exchange.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President, and Director
Web: www.metallisresources.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute
'forward-looking' statements, including statements regarding the
plans, intentions, beliefs and current expectations of the Company,
its directors, or its officers with respect to the future business
activities and operating performance of the Company. The words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they
relate to the Company, or its management, are intended to identify
such forward-looking statements. Investors are cautioned that any
such forward-looking statements are not guarantees of future
business activities or performance and involve risks and
uncertainties, and that the Company's future business activities
may differ materially from those in the forward-looking statements
because of numerous factors. Such risks, uncertainties and factors
are described in the periodic filings with the Canadian securities'
regulatory authorities, including quarterly and annual Management's
Discussion and Analysis, which may be viewed on SEDAR at
www.sedarplus.ca. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated, or expected.
Although the Company has attempted to identify important risks,
uncertainties and factors which could cause actual results to
differ materially, there may be others that cause results not to be
as intended, planned, anticipated, believed, estimated, or
expected. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements.
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 TSX-V Stock Exchange has neither approved nor
disapproved the contents of this news release.
SOURCE Metallis Resources Inc.
