CONE - Canada One Announces Up To $750000 Private Placement
(TheNewswire)
Vancouver, B.C., April 15, 2024 – TheNewswire – Canada One Mining Corp . (“ CanadaOne ” or the “ Company ”) (TSXV: CONE) is pleased to announce anon-brokered private placement (the “ Private Placement ”)consisting of up to 50,000,000 units of the Company, (each, a“ Unit ”), at a price of $0.015 per Unit.
Each Unit will consist of one (1) common share in thecapital of the Company (each, a “ Common Share ”) andone (1) whole Common Share purchase warrant (each, a “ Warrant ”). EachWarrant will be exercisable into one (1) Common Share (each, a“ Warrant Share ”) at a price of $0.05 per Warrant Share for a period ofthree (3) years after the closing date of the Private Placement (the“ Closing Date ”). If, at any time following the date that isfour-months-and-one-day following the Closing Date, the Common Shares have a closing price on the TSXV Venture Exchange (the“ TSXV ”) of $0.08 or greater per Common Share for a period offive (5) consecutive trading days, the Company shall have the right toaccelerate the expiry date of the Warrants that is at least 60 daysfollowing the date of such notice to holders of Warrants.
The Company intends to use the net proceeds of thePrivate Placement to fund its exploration and development of theCompany’s properties, extinguish liabilities and payables and forgeneral administrative and working capital expenses. The Company may pay finder’s fees as permitted by thepolicies of the TSXV and applicable securities laws.
The Private Placement is expected to close on or aboutMay 26, 2024, subject to customary closing conditions, including, butnot limited to, the receipt of all necessary approvals including theapproval of the TSXV.
For further information, interested parties areencouraged to visit the Company’s profile on SEDAR ( www.sedar.com ) or contact the Companyat info@evolvemgmt.net.
On behalf of the Board of Directors of
CANADA ONE MINING CORP.
Peter Berdusco
President and Chief Executive Officer
1 877 844 4661
Forward-LookingStatements
This press release includes certain"forward-looking information" and "forward-lookingstatements" (collectively "forward-looking statements")within the meaning of applicable Canadian securities legislation. Allstatements, other than statements of historical fact, included herein,without limitation, statements relating to the future operating orfinancial performance of the Company, are forward looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as "expects", "anticipates","believes", "intends", "estimates","potential", "possible", and similar expressions,or statements that events, conditions, or results "will","may", "could", or "should" occur or beachieved. Forward-looking statements in this press release relate to,among other things: statements relating to the successful closing of the Offering andanticipated timing thereof and the intended use of proceeds. Actualfuture results may differ materially. There can be no assurance thatsuch statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Forward looking statements reflect the beliefs, opinionsand projections on the date the statements are made and are based upona number of assumptions and estimates that, while consideredreasonable by the respective parties, are inherently subject tosignificant business, technical, economic, and competitiveuncertainties and contingencies. Many factors, both known and unknown,could cause actual results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Such factors include, withoutlimitation: the timing, completion and delivery of the referencedassessments and analysis. Readers should not place undue reliance onthe forward-looking statements and information contained in this newsrelease concerning these times. Except as required by law, the Companydoes not assume any obligation to update the forward-lookingstatements of beliefs, opinions, projections, or other factors, shouldthey change, except as required by law.
TSX VentureExchange Disclaimer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release .
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