NOC:CC - Norseman Silver Inc. Announces $600000 Non-Brokered Financing
(TheNewswire)
Vancouver, B C - TheNewswire - January 17, 2022 - Norseman Silver Inc. (TSXV:NOC) (“ Norseman ” or the “ Company ”) is pleased to announce anon-brokered private placement of up to 6,000,000 units of the Company(each, a “ Unit ”) at a price of $0.10 per Unit for aggregate grossproceeds to the Company of up to $600,000 (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 $0.25 fora period of twenty-four (24) months 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 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,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration andmine development plans, timing of the commencement of operations andestimates of market conditions. Factors that could cause actualresults to differ materially from such forward-looking informationinclude, but are not limited to failure to identify mineral resources,failure to convert estimated mineral resources to reserves, theinability to complete a feasibility study which recommends aproduction decision, the preliminary nature of metallurgical testresults, delays in obtaining or failures to obtain requiredgovernmental, environmental or other project approvals, politicalrisks, inability to fulfill the duty to accommodate indigenouspeoples, uncertainties relating to the availability and costs offinancing needed in the future, changes in equity markets, inflation,changes in exchange rates, fluctuations in commodity prices, delays inthe development of projects, capital and operating costs varyingsignificantly from estimates and the other risks involved in themineral exploration and development industry, an inability to completethe Offering on the terms or on the timeline as announced or at all,an inability to predict and counteract the effects of COVID-19 on thebusiness of the Company, including but not limited to the effects ofCOVID-19 on the price of commodities, capital market conditions,restriction on labour and international travel and supply chains, andthose risks set out in the Company’s public documents filed onSEDAR. Although the Company believes that the assumptions and factorsused in preparing the forward-looking information in this news releaseare reasonable, undue reliance should not be placed on suchinformation, which only applies as of the date of this news release,and no assurance can be given that such events will occur in thedisclosed time frames or at all. The Company disclaims any intentionor obligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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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