/NOT FOR DISSEMINATION IN
The Offering will be conducted pursuant to the terms of an agency agreement to be entered into between the Company and the Agent on or prior to the Closing Date.
In connection with the Offering, the Agent will receive a cash commission equal to 7.0% of the gross proceeds of the Offering on closing of the Offering. In addition to the cash commission, the Agent will receive on closing of the Offering non-transferrable compensation options (the "Compensation Options") equal in number to 7.0% of the aggregate number of Common Shares sold under the Offering, which will entitle the Agent to purchase Common Shares (the "Compensation Option Shares" and collectively with the Common Shares issued upon exercise of the Warrants, the "Underlying Shares") at the Common Share Offering Price, which may be exercised at any time and from time to time for a period of two years following the Closing Date.
The Company intends to use the net proceeds from the Offering for working capital purposes and to fund the advancement and maintenance of the Company's
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Common Shares will be offered pursuant to the listed issuer financing prospectus exemption under Part 5A of NI 45-106 to residents of all Provinces and Territories of
The Offering is expected to close on or about
There is an offering document related to the offering of the Common Shares that can be accessed under the issuer's profile at www.sedar.com and at https://nevadasilvercorp.com. Prospective investors should read this offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Neither the
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking statements in this news release include, but are not limited to, statements with respect to the terms of the Offering, the anticipated use of proceeds, the completion of the Offering and the estimated Closing Date. These statements address future events and conditions and so involve inherent risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, the failure to complete the Offering in the timeframe and on the terms as anticipated by management, market conditions and the ability to obtain all necessary regulatory approvals. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. 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 information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
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