NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / September 9, 2024 / Collingwood Resources Corporation (TSXV:COLL.P) (the "Company") announces an offering of up to 2,400,000 common shares (each a "Share") at a price of $0.10 per Share to raise proceeds of up to $240,000 (the "Offering"). The Company reserves the right to increase the size of the Offering or to modify the type, nature and/or price of the Shares for any reason.
Doris Meyer was appointed to the Board of Directors and as a member of the Company's Audit Committee on September 9, 2024. Ms. Meyer is an experienced mining industry professional and sits on the board of directors of several mineral exploration companies trading on the AIM and TSX Venture Exchange (the "Exchange") stock exchanges. Ms. Meyer is a past member of the Institute of Chartered Professional Accountants of British Columbia.
With the appointment of Doris Meyer, the board of directors of the Company is now three members consisting of Scott Gibson (President and CEO, CFO and Corporate Secretary), Surita Banger and Doris Meyer.
The proceeds of the Offering will be used to identify and evaluate assets and business for the Company's Qualifying Transaction (as such term is defined in the policies of the Exchange and to fund general and administrative expenses as permitted under Exchange Policy 2.4. Finder's fees may be payable.
The Offering is being completed on a private placement basis pursuant to prospectus exemptions under applicable securities laws and is subject to final acceptance by the Exchange. All of the securities issued under the Offering are subject to a hold period expiring four months and one day from the date of issuance.
Caution to US Investors
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
ON BEHALF OF THE BOARD OF DIRECTORS OF COLLINGWOOD RESOURCES CORPORATION
"Scott Gibson" CEO, CFO and Director.
Scott Gibson
E: sgibson@kitcogibson.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward looking statements within the meaning of applicable securities laws. Forward-looking information is characterized by words such as "anticipate", "continue", "expect", "may", "will", "should", "potential", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. In particular, this press release contains forward looking statements concerning the anticipated completion of the Offering. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with the state of financial markets and receipt of regulatory approvals.Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
SOURCE: Collingwood Resources Corporation
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