CONE - Canada One Provides Update on Private Placement
(TheNewswire)
Vancouver, BC - TheNewswire - August 17, 2023 - Canada One Mining Corp. (“ CanadaOne ” or the “ Company ”) (TSXV:CONE) announces that it is continuing to progress with itsnon-brokered private placement (the “ Offering ”) of up18,000,000 units (each, a “ Unit ”), at a price of $0.10 per Unit, forgross proceeds of up to $1,800,000. Each Unit will consist of onecommon share of the Company and one-half-of-one common share purchasewarrant (each whole warrant, a “ Warrant ”). EachWarrant will entitle the holder to purchase one common share of theCompany at a price of $0.15 for a period of thirty-six months from theclosing date of the Offering, subject to accelerated expiry in theevent the closing price of the common shares on the TSX VentureExchange is $0.25 or greater for a period of five consecutive tradingdays.
The net proceeds raised from the Offering will continueto be used to advance exploration and development of the Copper DomeProject located south of Princeton, British Columbia, as well as toretire existing liabilities and payables and for general workingcapital purposes.
Subject to compliance with applicable regulatoryrequirements and in accordance with National Instrument 45-106 – ProspectusExemptions (“ NI 45-106 ”), aportion of the Offering is being made to purchasers resident inCanada, except Quebec, pursuant to the listed issuer financingexemption under Part 5A of NI 45-106 (the “ Listed Issuer FinancingExemption ”). The balance of the Offeringwill be made to purchasers pursuant to the accredited investorexemption under Part 2 of NI 45-106 (the “ Accredited Investor Exemption ”).
The securities offered under the Listed IssuerFinancing Exemption will not be subject to a hold period in accordancewith applicable Canadian securities laws. The securities offeredunder the Accredited Investor exemption will be subject to a holdperiod of four-months-and-one-day following issuance in accordancewith applicable Canadian securities laws. A revised offeringdocument related to the Offering and Listed Issuer Financing Exemptionwill be filed by the Company, and will be accessible under theCompany’s profile at www.sedar.com and on theCompany’s website at: www.canadaonemining.com . Prospective investors should read this offering documentbefore making an investment decision.
The Company may pay finders’ fees to eligible partieswho have assisted in introducing subscribers to the Offering. Closing of the Offering remains subject to the approval of the TSXVenture Exchange.
For further information,interested parties are encouraged to visit the Company’s website at( www.canadaonemining.com )or contact the Company at ir@strategixir.com .
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 planned exploration anddevelopment of the Copper Dome Project and the intended use of theproceeds from the Offering. Actual future results may differmaterially. There can be no assurance that such statements will proveto be accurate, and actual results and future events could differmaterially from those anticipated in such statements. Forward lookingstatements reflect the beliefs, opinions and projections on the datethe statements are made and are based upon a number of assumptions andestimates that, while considered reasonable by the respective parties,are inherently subject to significant business, technical, economic,and competitive uncertainties and contingencies. Many factors, bothknown and unknown, could cause actual results, performance orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements and the parties have made assumptions andestimates based on or related to many of these factors. Such factorsinclude, without limitation: the timing, completion and delivery ofthe referenced assessments and analysis. Readers should not placeundue reliance on the forward-looking statements and informationcontained in this news release concerning these times. Except asrequired by law, the Company does not assume any obligation to updatethe forward-looking statements of beliefs, opinions, projections, orother factors, should they 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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