The Company expects that the net proceeds from the Offering will be used to explore the Company’s Gowganda West property, located in the Shining Tree Camp of the Abitibi Greenstone Gold Belt in Ontario.
The Company may pay finder’s fees to eligible parties who assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. Completion of the Offering remains subject to regulatory approval.
Qualified person
The technical content of the new release has been reviewed and approved by R.Tim Henneberry, P.Geo. (BC), a director of the company and a qualified person under National Instrument 43-101.
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and development of its portfolio of resources in Ontario and Quebec. The flagship Gowganda West is an exploration stage gold project with a recent 48.5m discovery hole weighing 0.85g/t gold adjacent to the Juby Deposit and located in the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt, approximately 100km south-east of the Timmins Gold Camp. Located 26 miles NE of Kirkland Lake, Ghost Mountain’s 500-acre site is 3 miles west of Agnico Eagle’s Holt and Holloway Mine. Carheil is an exploration phase project with multi-metal potential and previous graphite results. The project is located approximately 170 km north of Rouyn-Noranda in the northern Abitibi Greenstone Belt.
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 release.
This press release may contain forward-looking statements or forward-looking information under applicable Canadian securities laws that may not be based on historical fact, including, but not limited to, statements containing the words “believe,” “may,” “plan,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “potential” and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of iMetal to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this press release relate, among other things, to the intended use of proceeds from the Offering. These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the Company’s ability to successfully pursue its current development plans, that future sources of financing will be available to the Company, that relevant commodity prices will remain at levels economically feasible for the Company and that the Company will receive relevant permits in a timely manner to enable its operations. However, given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update or publicly announce any such statements, events or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277315
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