FMN:CC - Fidelity Minerals Announces Private Placement Financing
(TheNewswire)
Vancouver, BC - TheNewswire - March 22 nd , 2022 - FidelityMinerals Corp. (TSXV:FMN )(OTC:SAIDF) ( FSE:S5GM ) ( SSE:MNYC)(“ FidelityMinerals ” or the “ Company ”) ispleased to announce that it has arranged a non-brokered privateplacement financing (the "Financing") of up to 9,500,000units at a price of C$0.10 per unit for total gross proceeds of up toC$950,000. Each unit consists of one common share and a whole warrant,with each warrant exercisable into one additional common share atC$0.11 for a period of 6 (six) months after the closing date. The Company intends to use the net proceeds ofthe Financing for corporate working capitalpurposes.
The private placement is subject to approval of the TSXVenture Exchange.
The securities described herein have not been, and willnot be, registered under the United States Securities Act of 1933, asamended (the "U.S. Securities Act"), or any state securitieslaws, and accordingly, may not be offered or sold within the UnitedStates except in compliance with the registration requirements of theU.S. Securities Act and applicable state securities requirements orpursuant to exemptions therefrom. This press release does notconstitute an offer to sell or a solicitation to buy any securities inany jurisdiction.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. has assembled a portfolio ofhigh-quality mining assets in Peru and aims to delineate majordeposits on these properties that could attract the interest ofmid-tier and major mining companies. Fidelity has a portfolio of fourkey assets in Peru and is currently focused on progressing its twomost advanced projects – Las Huaquillas and Las Brujas. Fidelity isalso looking to opportunistically expand its project portfolio withaccretive acquisitions. The company is backed by an experiencedmanagement team with diverse technical, market, and commercialexpertise and is supported by committed and sophisticated investorsfocused on building long term value.
On behalf of the Board of Fidelity Minerals.
Dean Pekeski
CEO, President and Director
Email: dean@fidelityminerals.com
For more information, please visit the corporatewebsite at http://www.fidelityminerals.com orcontact:
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