Halcones Precious Metals - News Releases
Summary
Together with the first tranche of the Offering, the Company has issued an aggregate of 31,152,200 Units for gross proceeds of $2,180,654.The Offering was led by Clarus Securities Inc. and iA Private Wealth Inc., as co-lead agents, on behalf of a syndicate of agents (collectively, the Agents ) that included Red Cloud Securities Inc. and Haywood Securities Inc.The Company plans to use the net proceeds of the Final Tranche to continue the exploration work on its Polaris Project as well as for general corporate working capital purposes.In connection with the Final Tranche, the Agents received an aggregate cash fee equal to $37,765.28. Each Compensation Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.07 for a period of 36 months from the date hereof.The Common Shares and Warrants issued pursuant to the Final Tranche are not subject to a statutory hold period pursuant to applicable Canadian securities laws as the Final Tranche was completed pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.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.