(TheNewswire)
August 16th, 2023 – TheNewswire - Kiplin Metals Inc. (TSXV:KIP) (the “ Company ” or “ Kiplin ”) is pleasedto announce that it has elected to revise the terms of its ongoingnon-brokered private placement (the “ Offering ”) beingconducted under the Listed Issuer Financing Exemption (as definedbelow). The Offering will now consist of up to 17,647,059 units ofthe Company (each, a “ Unit ”) at a price of $0.17 per Unit to raisegross proceeds of up to $3,000,000. Each Unit will consist of onecommon share of the Company and one common share purchase warrant(each, a “ Warrant ”). Each Warrant will entitle theholder to purchase one common share of the Company at a price of $0.23at any time on or before that date which is twelve months after theclosing date of the Offering.
The net proceeds raised from the Offering will continueto be used to advance the upcoming exploration program on the CluffLake Road (CLR) Uranium Project, located in the Southwestern Athabascabasis of Northern 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. A revised offering document related to the Offeringwill be filed by the Company, and will be accessible under theCompany’s profile at www.sedar.com and on theCompany’s website at: www.kiplinmetals.com . Prospective investors should read this offering document beforemaking 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 or604-622-1199, 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 arenot guarantees of future performance and actual results ordevelopments may differ materially from those in forward-lookingstatements. There can be no assurances that such statements will proveaccurate and, therefore, readers are advised to rely on their ownevaluation of such uncertainties. We do not assume any obligation toupdate any forward-looking statements except as required under theapplicable laws.
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