Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - Miramis Mining Corp. (the "Company") is pleased to announce, further to its news release dated May 13, 2024, that it has closed the first tranche (the "First Tranche") of its non-brokered private placement, whereby the Company intends to raise gross proceeds of up to $100,000 on a non-flow-through basis (the "Private Placement") through the issuance of up to 2,000,000 common shares of the Company (each, a "Share") at a price of $0.05 per Share, together with up to $65,000 on a flow-through basis through the issuance of up to 1,000,000 flow-through common shares of the Company (each, a "Flow-Through Share") at a price of $0.065 per Share (the "Flow-Through Private Placement"; and, collectively, with the Private Placement, the "Private Placements").
The First Tranche consisted of 500,000 Flow-Through Shares for gross aggregate proceeds of $32,500. No finder's fees were paid in connection with the First Tranche.
All securities issued in respect of the Private Placements will be subject to a hold period of four (4) months and a day from closing of the Private Placements in accordance with securities laws.
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 Amending Agreement, 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 Company will be able to fulfill its obligations under the terms of the Amending Agreement, 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/211213
SOURCE: Miramis Mining Corp.
