Vancouver, British Columbia--(Newsfile Corp. - May 13, 2024) - Miramis Mining Corp. (the "Company") is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to $100,000 on a non-flow-through basis (the "Private Placement") together with up to $65,000 on a flow-through basis (the "Flow-Through Private Placement"; and, collectively, with the Private Placement, the "Private Placements").
The Private Placement will be comprised of up to 2,000,000 common shares (each, a "Share") in the capital of the Company, at a subscription price of $0.05 per Share. The Flow-Through Private Placement will be comprised of up to 1,000,000 flow-through common shares in the capital of the Company (each, a "Flow-Through Share") pursuant to the Income Tax Act (Canada) (the "Tax Act") at a subscription price of $0.065 per Flow-Through Share.
All securities issued in connection with the Private Placements are subject to a statutory hold period expiring four months and one day after the Date of Issue, as set out in National Instrument 45-102 - Resale of Securities. None of the securities sold in connection with the Private Placements will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Appointment of new Corporate Secretary
The Company would like to announce and welcome Mr. Andrew Brown as its new Corporate Secretary. Mr. Brown joins the Company from Ardent Corporate Services Inc., a full-service corporate secretarial firm that provides corporate secretarial and corporate governance services for public and private companies including go-public transactions, private placements, SEDI, SEDAR, and regulatory reporting. Mr. Brown has over 13 years of experience working in the public markets and has served as Corporate Secretary for multiple publicly traded companies on the TSX Venture Exchange and the Canadian Securities Exchange.
ON BEHALF OF THE BOARD
"Morgan Good"
Morgan Good
Chief Executive Officer
T: 604-715-4751
E: morgan@miramismining.com
Notice Regarding Forward Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms of the Private Placements and the intended use of proceeds from the Private Placements. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that such forward-looking information is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release including, without limitation, that the Private Placements will close and will do so on the proposed terms; that the Company will be able to utilize the net proceeds of the Private Placements in the manner intended; that general business and economic conditions will not change in a material adverse manner; that applicable regulatory approvals will be received; and assumptions regarding political and regulatory stability and stability in financial and capital markets.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: the risk that the Company may not complete the Private Placements; the risk that the Private Placements may not be completed on the anticipated terms; the risk that the Company may not be able to use the proceeds of the Private Placements as intended; the state of the financial markets for the Company's securities; the conflict in Eastern Europe; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time
The forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209064
SOURCE: Miramis Mining Corp.
