Till Capital : Announces Closing of US$200,000 Note Placement

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NEWS RELEASE
TSXV: TIL
June 14, 2022
NR 22-04
www.tillcap.com
TILL ANNOUNCES CLOSING OF US$200,000 NOTE PLACEMENT
British Columbia, Canada, June 14, 2022: Till Capital Corporation (TSXV: TIL) (“Till”) announces further to
its news release of March 15, 2022 that it has raised U.S. $200,000 (Can. $255,500) through the issuance of a
convertible note to an arm's-length purchaser. The note matures on Dec. 30, 2022 and bearing interest of i) 1
per cent per month up to and including July 15, 2022, compounded ii) 1.25 per cent per month from July 16,
2022, to Oct. 31, 2022, compounded, and iii) 2 per cent per month from Nov. 1, 2022, to maturity, compounded.
The note is convertible into common shares of Till on maturity at the holder's option at the greater of i) the 30- day VWAP prior to maturity and ii) Can. $6.37. Interest accrued on the note may be paid in shares at the election
of the holder but will be subject to TSX-V approval at the time of such election, including approval of conversion
pricing.
Closing of the issuance of the notice took place on June 10, 2022. The note is subject to a resale hold period
which ends on October 11, 2022. Proceeds from the issuance of the note will be used by Till to finance
investments and finance general operating expenses.
Reported by
Brian P. Lupien
Chief Executive Officer
Till Capital Corporation
Till Capital Corporation, through its wholly owned U.S. subsidiaries, owns the Springer Tungsten Mine &
Mill near Winnemucca, Nevada and is a partial owner of IG Tintic LLC, a private company. Till also has
ownership in IG Far East LLC, a private company with the controlling interest in a joint venture that owns the
Durmin gold property in the Russian Far East. In addition, Till Capital Corporation is the majority shareholder of
Silver Predator Corp. (TSXV: SPD) and owns various mineral royalties and exploration property option
agreements.
Till Capital Corporation is also the parent company of wholly owned subsidiary Omega Insurance Holdings Inc.
which owns Omega General Insurance Company, a Canadian insurance company offering innovative and
customized insurance industry solutions, including fronting and run-off services for insurers/reinsurers, within the
Canadian marketplace. Omega Insurance Holdings Inc. also operates Focus Group Inc., a consulting and project
management company servicing the local and international needs of its Property Casualty Insurance clients.
For additional information:
Till Capital Corporation
208-635-5415
[e-mail]
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Cautionary Note
At this time, Till has no current plans to provide earnings guidance due to the volatility of investment returns.
The Till Capital shares are restricted voting shares, whereby no single shareholder of Till Capital is able to
exercise voting rights for more than 9.9% of the voting rights of the total issued and outstanding Till Capital shares
(the “9.9% Restriction”). However, if any one shareholder of Till Capital beneficially owns, or exercises control
or direction over, more than 50% of the issued and outstanding Till Capital shares, the 9.9% Restriction will cease
to apply to the Till Capital shares.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Till Capital
or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful. Trading in the securities of Till Capital should be considered
speculative.
Cautionary Statement Regarding Forward Looking Information
Certain statements in this release may be forward-looking statements. Forward-looking statements consist of
statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or
intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual
results, performance, or developments to differ materially from those contained in the statements. No assurance
can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur,
what benefits Till will obtain from them. In particular, Till cautions that the completion of proposed transactions
cannot be predicted with certainty, and that there can be no assurance at this time that proposed transactions
will be completed. Forward-looking statements reflect management's current views and are based on certain
expectations, estimates, and assumptions which may prove to be incorrect. A number of risks and uncertainties
could cause Till’s actual results to differ materially from those expressed or implied by the forward-looking
statements, as well as other factors beyond Till’s control. Till does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
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.