(TheNewswire)
April 5, 2024 – TheNewswire - Vancouver, B.C. April 5, 2024 – Bathurst Metals Corp. (“Bathurst” or the“Company”) ( TSX-V: BMV OTC: BMVVF ) is pleased toprovide an update on its previously announced financing. TheCompany announced a non-brokered private placement financing onJanuary 31, 2024 to support the Company’s drilling program and toprovide the Company with working capital. Due to difficult marketconditions in the mineral exploration sector, the Company continues towork towards completion of the announced equity financing, the termsof which have not changed.
The Company will issue up to 4,000,000 units (the “Units”) ofsecurities at a price of $0.08 per Unit for aggregate gross proceedsof up to $320,000. Each Unit will be comprised of one common share andone non-transferable share purchase warrant, with each warrantentitling the holder to purchase one additional common share at aprice of $0.15 per Warrant Share for a period of one (1) year.
The financing is subject to the approval of the TSXVenture Exchange. All securities issued will be subject to afour-month and one-day hold period.
Onbehalf of the Board of Directors
Bathurst Metals Corp.
For more information, contact Harold Forzley, ChiefExecutive Officer
604-783-4273
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.
About Bathurst Metals Corp.
Bathurst MetalsCorp. is anexploration-stage company engaged in the acquisition, exploration, anddevelopment of mineral properties in Nunavut and British Columbia,Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregorLake, Speers Lake, Gela Lake and McAvoy Lake Projects in Nunavut andthe Peerless Property, a gold /silver prospect in the historicBralorne Camp in British Columbia.
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