NOCSF - Norseman Silver Announces Closing of Private Placement
(TheNewswire)
Vancouver, British Columbia - TheNewswire – August 19, 2021 – Norseman Silver Inc. (TSXV:NOC) (“ Norseman ” or the“ Company ”) is pleased to announce that it has closed its previouslyannounced non-brokered private placement consisting of 4,771,488 units(each, a “ Unit ”) at a price of $0.33 per Unit for gross proceeds of$1,574,591 (the “ Offering ”).
Each Unit consists of one common share of the Company(a “ Share ”) and one Share purchase warrant (a “ Warrant ”). EachWarrant entitles the holder thereof to acquire one additional Share (a“ Warrant Share ”) at a price of $0.43 per Warrant Share for a period oftwo years from closing of the Offering. All securities issued pursuantto the Offering are subject to a statutory hold period of four monthsfrom closing of the Offering. The Offering is subject to the finalacceptance of the TSX Venture Exchange.
The Company intends to use proceeds from the Offeringfor drilling on the Silver Vista property and exploration onNorseman’s silver assets in British Columbia and Argentina, as wellas general corporate and working capital purposes.
This press release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended, or anystate securities laws and may not be offered or sold within the UnitedStates or to or for the account or benefit of a U.S. person (asdefined in Regulation S under the United States Securities Act) unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.
On behalf of Norseman Silver Inc.
Sean Hurd
President and CEO
For further information, pleasecontact:
Sean Hurd
President and CEO
info@norsemansilver.com
T: 604 505-4554
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
CAUTIONARYSTATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain"forward-looking statements" which are not comprised ofhistorical facts. Forward looking statements include estimates andstatements that describe the Company’s future plans, objectives or goals, including words tothe effect that the Company or management expects a stated conditionor result to occur. Forward-looking statements may be identified bysuch terms as “believes”, “anticipates”, “expects”,“estimates”, “may”, “could”, “would”, “will”, or“plan”. Since forward-looking statements are based on assumptionsand address future events and conditions, by their very nature theyinvolve inherent risks and uncertainties. Although these statementsare based on information currently available to the Company, theCompany provides no assurance that actual results will meetmanagement’s expectations. Risks, uncertainties and other factorsinvolved with forward-looking information could cause actual events,results, performance, prospects and opportunities to differ materiallyfrom those expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to: the Company’s objectives, goals or future plans;exploration and drilling activities; final approval of the Offering;and the use of the proceeds from the Offering. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to: delays in obtaining orfailures to obtain required governmental, environmental or otherproject approvals; political risks; inability to fulfill the duty toaccommodate indigenous peoples; uncertainties relating to theavailability and costs of financing needed in the future; changes inequity markets; inflation; changes in exchange rates; fluctuations incommodity prices; delays in the development of projects; capital andoperating costs varying significantly from estimates; other risksinvolved in the mineral exploration and development industry; aninability to predict and counteract the effects of COVID-19 on thebusiness of the Company and markets generally; and those risks set outin the Company’s public documents filed on SEDAR. Although theCompany believes that the assumptions and factors used in preparingthe forward-looking information in this news release are reasonable,undue reliance should not be placed on such information, which onlyapplies as of the date of this news release, and no assurance can begiven that such events will occur in the disclosed time frames or atall. The Company disclaims any intention or obligation to update orrevise any forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required bylaw.
THIS NEWS RELEASEIS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FORDISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION INTHE UNITED STATES
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