(TheNewswire)
Vancouver, British Columbia – TheNewswire – August 18, 2023 - Fabled Copper Corp. (“ Fabled ” or the “ Company ”)(CSE:FABL ) ; ( FSE:XZ7) announces that it closed, on August 10, 2023, its previouslyannounced debt settlement pursuant to which the Company settled anaggregate amount of C$30,000 in outstanding debt (the “ Debt Settlement ”)in exchange for the issuance of 375,000 units at a price of C$0.08 perunit (each a “ Unit ”).
Each Unit consists of one common share (each a" Common Share ") and one common share purchase warrant (each a" Warrant "). Each Warrant entitles the holder thereof to acquireone Common Share at the price of $0.12 per share for a period of 24months from closing.
The securities issued in connection with the DebtSettlement are subject to a statutory hold until December 11,2023.
TJ Property
The Company also announces that it will not be furtherpursuing the acquisition of the TJ Property and that the letter ofintent announced in the Company’s press release dated December 19,2022 has expired.
About FabledCopper Corp.
Fabled is a junior mining exploration company. Itscurrent focus is to creating value for stakeholders through theexploration and development of its existing drill ready copperproperties located in northern British Columbia. The Company’scurrent property package consists of the Muskwa Project and theBronson Property and comprises approximately 16,219 hectares in threenon-contiguous blocks and located in the Liard Mining Division innorthern British Columbia.
The Company is seeking to broaden and diversify itsportfolio. The Company has acquired the VOLT 2 lithium Property,located in Miquelon, Quebec and has options to acquire the OHMProperty, located in Val D’Or, Quebec and the VOLT 1 Propertylocated in the Miquelon, Quebec.
Mr. Peter J. Hawley, President andC.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
For further information pleasecontact:
The Canadian Securities Exchangedoes not accept responsibility for the adequacy or accuracy of thisrelease.
Certain statements contained in thisnews release constitute "forward-looking information" assuch term is used in applicable Canadian securities laws.Forward-looking information is based on plans, expectations andestimates of management at the date the information is provided and issubject to certain factors and assumptions, including, that theCompany's financial condition, development plans and business plans donot change as a result of unforeseen events and that the Companyobtains any required regulatory approvals.
Forward-looking information issubject to a variety of risks and uncertainties and other factors thatcould cause plans, estimates and actual results to vary materiallyfrom those projected in such forward-looking information. Some of therisks and other factors that could cause results to differ materiallyfrom those expressed in the forward-looking statements include, butare not limited to: the failure of the shareholders of the Company toapprove the Consolidation Proposal, impacts from the coronavirus orother epidemics, general economic conditions in Canada, the UnitedStates and globally; industry conditions, including fluctuations incommodity prices; governmental regulation of the mining industry,including environmental regulation; geological, technical and drillingproblems; unanticipated operating events; competition for and/orinability to retain drilling rigs and other services; inability toobtain drilling permits; the availability of capital on acceptableterms; the need to obtain required approvals from regulatoryauthorities; stock market volatility; volatility in market prices forcommodities; liabilities inherent in mining operations; changes in taxlaws and incentive programs relating to the mining industry; as wellas the other risks and uncertainties applicable to the Company as setforth in the Company's continuous disclosure filings filed under theCompany's profile at www.sedar.com .The Company undertakes no obligation to update these forward-lookingstatements, other than as required by applicable law.
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