(TheNewswire)
Toronto, Ontario - TheNewswire - July 21, 2023 - Tantalex Lithium Resources Corp. (CSE:TTX ) ( FSE:DW8 ) ( OTC:TTLXF) (“ Tantalex ” or the“ Corporation ”), is pleased to announce a second tranche closing of anon-brokered private placement for gross proceeds of $299,999.81 (the“ PrivatePlacement ”).
The Corporation has issued 2,727,271 common shares (the“Common Shares”) at a price of $0.11 per Common Share of theCorporation.
The proceeds of the Private Placement will be used forgeneral working capital purposes. All securities issued pursuant tothe Private Placement will be subject to a four-month-and-one daystatutory hold period in accordance with applicable securitieslaw.
The securities being referred to in this news releasehave not been, nor will they be, registered under the United States(U.S.) Securities Act of 1933, as amended, and may not be offered orsold in the U.S. or to, or for the account or benefit of, U.S. personsabsent registration or an applicable exemption from the registrationrequirements. This news release does not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in any jurisdiction in which such offer, solicitationor sale would be unlawful.
About Tantalex Lithium ResourcesCorporation
Tantalex Lithium is an exploration and development stage miningcompany engaged in the acquisition, exploration, development anddistribution of lithium, tin, tantalum and other high-tech mineralproperties in Africa.
It is currently focused on developing its lithium assets in theprolific Manono area in the Democratic Republic of Congo; The ManonoLithium Tailings Project and the Pegmatite Corridor ExplorationProgram.
Cautionary Note Regarding ForwardLooking Statements
This newsrelease includes certain statements that may be deemed forward lookingstatements. All statements in this document, other than statements ofhistorical facts, which address future production, reserve potential,exploration activities and events or developments that the Companyexpects, are forward looking statements. Such forward-lookingstatements include, without limitation: (i) estimates of futurelithium, tin and tantalum prices, supply, demand and/or production;(ii) estimates of future cash costs and revenues; (iii) estimates offuture capital expenditures; (iv) estimates regarding timing of futuredevelopment, construction, production or closure activities; (v)statements regarding future exploration results; (vi) statementsregarding cost structure, project economics, or competitive position;(vii) statements comparing the Company’s properties to other mines,projects or metals; and (viii) the closing of the Private Placement.Although the Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those in theforward-looking statements. Factors that could cause actual results todiffer materially from those in forward-looking statements includemarket prices, exploitation and exploration successes, continuedavailability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statementsare not guarantees of future performance, that the Company expresslydisclaims any responsibility for revising or expanding the forward-looking statements to reflect actual results or developments, and thatactual results or developments may differ materially from thoseprojected, in the forward-looking statements, except as required bylaw.
For more information, please contact:
Eric Allard
President & CEO
Email: ea@tantalex.ca
Website: https://tantalexlithium.com/
Tel: 1-581-996-3007
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