NOC:CC - Norseman Silver Inc. Announces $1000000 Non-Brokered Financing
(TheNewswire)
Vancouver, British Columbia – TheNewswire - December 5, 2023 – Norseman Silver Inc.(TSXV:NOC) (“ Norseman ” or the“ Company ”) is pleased to announce a non-brokered private placementof up to 10,000,000 units of the Company (each, a “ Unit ”) at a priceof $0.10 per Unit for aggregate gross proceeds to the Company of up to$1,000,000 , subject to an over-allotment optionpursuant to which it may increase the Offering by up to$500,000 (the “ Offering ”).
Each Unit shall be comprised of one common share in thecapital of the Company (each, a “ Share ”) and onehalf of one common share purchase warrant (each whole warrant, a“ Warrant ”), with each Warrant entitling the holder thereof topurchase one additional common share at an exercise price of $0.15 fora period of two years from the Closing Date.
The gross proceeds raised from the sale of Units willbe used to advance its exploration programs and for general corporatematters. The Offering will be conducted in all provinces of Canadapursuant to private placement exemptions. The closing of the Offeringis subject to, among other things, the receipt of all necessaryapprovals from the TSX Venture Exchange (the “ TSXV ”).
Pursuant to applicable Canadian securities laws, allsecurities issued and issuable in connection with the Offering will besubject to a four (4) month hold period commencing on the ClosingDate.
For further information, please contact:
Sean Hurd
Chief Executive Officer
T: 604 505-4554
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.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION: This News Release includes certain "forward-lookingstatements" which are not comprised of historical facts. Forwardlooking statements include estimates and statements that describe theCompany’s future plans, objectives or goals, including words to theeffect that the Company or management expects a stated condition orresult to occur. Forward-looking statements may be identified by suchterms 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 materially from those expressed or implied bysuch forward-looking information. Forward looking information in thisnews release includes, but is not limited to, the Company’sobjectives, goals or future plans, statements, exploration results,potential mineralization, the estimation of mineral resources,exploration and mine development plans, timing of the commencement ofoperations and estimates of market conditions. Factors that couldcause actual results to differ materially from such forward-lookinginformation include, but are not limited to failure to identifymineral resources, failure to convert estimated mineral resources toreserves, the inability to complete a feasibility study whichrecommends a production decision, the preliminary nature ofmetallurgical test results, delays in obtaining or failures to obtainrequired governmental, environmental or other project approvals,political risks, inability to fulfill the duty to accommodateindigenous peoples, uncertainties relating to the availability andcosts of financing needed in the future, changes in equity markets,inflation, changes in exchange rates, fluctuations in commodityprices, delays in the development of projects, capital and operatingcosts varying significantly from estimates and the other risksinvolved in the mineral exploration and development industry, aninability to complete the Offering on the terms or on the timeline asannounced or at all, capital market conditions, restriction on labourand international travel and supply chains, and those risks set out inthe Company’s public documents filed on SEDAR. Although the Companybelieves that the assumptions and factors used in preparing theforward-looking information in this news release are reasonable, unduereliance should not be placed on such information, which only appliesas of the date of this news release, and no assurance can be giventhat such events will occur in the disclosed time frames or at all.The Company disclaims any intention or obligation to update or reviseany forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required bylaw.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND ISNOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES ORDISSEMINATION IN THE UNITED STATES
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