(TheNewswire)
July 4th, 2023 – TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the “ Company ” or “ Kiplin ”) is pleasedto announce that it will conduct a non-brokered private placement (the“ Offering ”), under the Listed Issuer Financing Exemption (as definedbelow), of up to 15,000,000 units of the Company (each, a“ Unit ”) at a price of $0.20 per Unit to raise gross proceeds ofup to $3,000,000. Each Unit will consist of one common share of theCompany and one common share purchase warrant (each, a “ Warrant ”). EachWarrant will entitle the holder to purchase one common share of theCompany at a price of $0.25 at any time on or before that date whichis twelve months after the closing date of the Offering.
The net proceeds raised from the Offering will be usedto advance the upcoming exploration program on the Cluff Lake Road(CLR) Uranium Project, located in the Southwestern Athabasca basis ofNorthern Saskatchewan, and for general working capitalpurposes.
Subject to compliance with applicable regulatoryrequirements and in accordance with National Instrument 45-106 – ProspectusExemptions (“ NI 45-106 ”), theOffering is being made to purchasers resident in Canada, exceptQuebec, pursuant to the listed issuer financing exemption under Part5A of NI- 45-106 (the “ Listed Issuer Financing Exemption ”). Thesecurities offered under the Listed Issuer Financing Exemption willnot be subject to a hold period in accordance with applicable Canadiansecurities laws. There is an offering document related to theOffering that can be accessed under the Company’s profile at www.sedar.com and on theCompany’s website at: www.kiplinmetals.com . Prospective investors should read this offering documentbefore making an investment decision.
The Company may pay finders’ fees to eligible partieswho have assisted in introducing subscribers to the Offering. Closing of the Offering remains subject to the approval of the TSXVenture Exchange.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for ourshareholders by identifying and developing highly prospective mineralexploration opportunities. Our strategy is to advance our projectsfrom discovery all the way to production. This vertically integratedstrategy allows Kiplin Metals to achieve exceptional shareholder valuethrough the entire life-cycle of the mining process.
For further information, contact the Company at info@kiplinmetals.com or 604-622-1199, or visit the Company’s website at www.kiplinmetals.com .
On behalf of the Board,
Kiplin Metals Inc.
“Peter Born”
Director
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may includeforward-looking statements that are subject to risks anduncertainties. All statements within, other than statements ofhistorical fact, are to be considered forward looking. Although theCompany believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those in forward-looking statements. There can be no assurancesthat such statements will prove accurate and, therefore, readers areadvised to rely on their own evaluation of such uncertainties. We donot assume any obligation to update any forward-looking statementsexcept as required under the applicable laws.
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