As part of the first tranche, EV Minerals issued 5,400,000 common shares (each, a 'Common Share') in the capital of the Company (the 'Offering') for gross proceeds of
EV Minerals opened a non-brokered private placement Offering of up to 10,000,000 Common Shares at a price of
In connection with the first tranche of the Offering, the Company paid certain eligible persons (the 'Finders') a cash commission in total of
All securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in
In addition, further to its press release of
About the
Containing a historical resource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co (NI 43-101 non-compliant resource) the deposit was first discovered in 1987, with a major drilling program completed in 1989.
Contact:
Tel: 416-642-1807
About
This news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'would', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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