(via TheNewswire)
The proceeds from the Offering will be used for exploration activities on the Company’s
Insiders of the Company purchased a total of 1,675,000 Units. The participation by Insiders in the Offering constitutes a “related party transaction” for the purposes of Multilateral Instrument 61-101,Protection of Minority Security Holders in Special Transactions. The Company is relying upon exemptions from the requirement to obtain a formal valuation and seek minority shareholder approval for the Offering on the basis that the fair market value of the participation by related parties in the Offering is less than 25% of the Company’s current market capitalization.
Cash finder’s fees of
About
Inflection is a technically driven copper-gold and gold focused mineral exploration company listed on the Canadian Securities Exchange under the symbol “AUCU” and on the OTCQB under the symbol “AUCUF” with projects in
On Behalf of the Board of Directors
"Alistair Waddell"
President and CEO
For further information, please contact:
Investor Relations Manager
+1 (778) 867-5016
bzerb@inflectionresources.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (together, “forward-looking statements”). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Offering, the use of proceeds from the Offering, other future plans and objectives of the Company are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events mayvary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results and timing of exploration and development will be different from those expected by management. Readers are cautioned not to place undue reliance on forward-looking statements.The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required bylaw.
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Copyright (c) 2023 TheNewswire - All rights reserved., source