The Offering
Each Unit comprises one common share of Element 29 and one-half common share purchase warrant (each whole warrant, a 'Warrant'). Each whole Warrant will be exercisable for a common share at an exercise price of
The Company may compensate certain finders a cash fee equal to 6% of the aggregate gross proceeds raised from subscriptions under the Offering arranged by such finders.
The net proceeds of the Offering will be used for the completion of a planned initial mineral resource estimate for the
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in
Neither the
About
The Company's principal objective is to explore and develop its Elida Porphyry Copper Deposit in west-central
Contact:
President & CEO
T: 1-888-246-7881
E: info@e29copper.com
Forward Looking Statements
This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, 'Forward-looking Statements'). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as 'may', 'will', 'intends', 'proposed', 'believes', 'continues', 'plans', 'expects' or similar expressions, or negative connotations thereof are intended to identify Forward-looking Statements. Forward looking Statements in this press release include statements related to the amount of funds to be raised in the Offering, the intended use of proceeds from the Offering, the receipt of any regulatory approvals, including the final approval of the
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to the Company's ability to access investors for the Offering, the timeliness and success of regulatory approvals, fluctuations in copper and other commodity prices, uncertainties inherent in the exploration of mineral properties, the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company's prospectus under the heading 'Risk Factors'. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Element 29 to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
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