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TORONTO, Oct. 28, 2021 (GLOBE NEWSWIRE) – Three Valley Copper Corp. (“TVC“or the”Society“) announced today that it has entered into an agreement with PI Financial Corp. and Eight Capital as co-lead managers and associate bookrunners (together the”Subscribers“), under which the Underwriters have agreed to purchase on a bought deal basis 31,250,000 Units (the”Units”) Of the Company at a price of Cdn $ 0.32 per Unit for gross proceeds of approximately Cdn $ 10,000,000 (the“Offer“). Each unit consists of one ordinary share in the capital of the Company (each one “Unit share“) and one common share purchase warrant (each a”To guarantee“). Each warrant may be exercised in one common share of the Company (each a “Warrant share”) At an exercise price of CA $ 0.45 for a period of 30 months from the closing of the offering.
The Company has also granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the Units or components of the Units, in order to cover allowances, if any, and for market stabilization purposes. The offering is expected to close on or around November 18, 2021 and is subject to the Company obtaining all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The net proceeds of the Offering will be used to finance the advancement of the Company’s flagship project, Minera Tres Valles, as well as for working capital and general corporate needs.
The units will be offered by means of a simplified prospectus in each of the provinces of Canada (except Quebec).
This press release does not constitute an offer to sell or a solicitation of an offer to sell any 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 Law”) Or any state securities law and may not be offered or sold in the United States or to US Persons, unless it is registered under the US Securities Act and securities laws. applicable government securities or an exemption from such registration is available.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada, is focused on growing copper production and exploring its core asset, Minera Tres Valles. Based in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV’s main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploration land. For more information about the Company, please visit www.threevalleycopper.com.
Caution regarding forward-looking information
Certain statements contained in this press release contain forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “project”, “should”, “believe”, “plan” “,” Intent “and similar expressions are intended to identify forward-looking statements. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding: the expected approvals of all necessary regulatory authorities, including the TSX Venture Exchange and the expected closing date of the offering.
Although TVC believes that forward-looking statements are reasonable, they are not guarantees of future results, performance or achievement. A number of factors or assumptions were used in making forward-looking statements, including: expected approvals from the TSX Venture Exchange and other regulatory bodies, which approvals are not guaranteed. Although the Company believes that the expectations and assumptions on which these forward-looking statements and information are based are reasonable, one should not place undue reliance on forward-looking statements and information, as the Company cannot guarantee that they will prove to be correct. . Because forward-looking statements and information deal with future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements if the assumptions underlying the forward-looking statements prove to be inaccurate or if one or more risks or other factors materialize. Readers are cautioned that the above list of risks and uncertainties is not exhaustive. Other risk factors that could affect the business or financial results of the Company are included in the Company’s Annual Information Form dated March 3, 2021 and can be found on the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this press release are made as of the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws.
You should not place undue importance on forward-looking information and should not rely on such information at any other date. Although the Company may choose to do so, the Company has no obligation and does not undertake to update this information at any given time, except as required by law.
Neither the 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.
For more information:
Chief Executive Officer
T: (416) 943-7107
E: [email protected]
Renmark Financial Communications Inc.
Joshua Lavers: [email protected]
T: (416) 644-2020 or (212) 812-7680