Each Unit consists of one common share and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of
The proceeds from the Offering will be used for exploration activities at the Company's
Finders' fees may be paid in connection with the Offering in accordance with the policies of the Canadian Securities Exchange (the 'CSE'). The Offering is subject to the approval of the CSE.
Directors and officers of the Company may acquire securities under the Offering, which will be considered a 'related party transaction' as defined under Multilateral Instrument 61-101 ('MI 61-101'). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The offered securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act') or any state securities laws and may not be offered or sold to, or for the account or benefit of, any person in
About
Contact:
Email: alistair@inflectionresources.com
Forward-Looking Statements
This news release includes certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law. The Company seeks safe harbor.
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