Halcones Precious Metals Closes Second Tranche of Private Placement Offering and Announces Upsizing
Summary
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, July 19, 2023 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSXV: HPM) (the Company or Halcones) has closed the second tranche (the Second Tranche) of its previously announced non-brokered private placement financing (the Offering). Securities issued under the Offering carry a hold period of 4 months and one day from the date hereof as required under applicable securities laws.The Company plans to use the aggregate net proceeds of the First Tranche and Second Tranche to continue the exploration work on the Companys Carachapampa project as well as general corporate working capital purposes. Each Finders Warrant entitles the holder thereof to acquire one Common Share at a price of $0.05 for 36 months following the date hereof. The Finder Warrants issued in connection with the First Tranche have an exercise price of $0.05 and not $0.10 as indicated in the Companys July 14, 2023 press release.The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.Halcones Precious Metals Corp. is focused on exploring for and developing gold-silver projects in the Maricunga Belt, Chile, the premiere gold mining district in South America.