Mr. Rishi Kwatra reports
Further to Molten Metals Corp.’s news release dated Oct. 31, 2024, the company proposes to complete a private placement financing of up to five million units at a price of 40 cents per unit for gross proceeds of up to $2-million.
Each unit will comprise one common share of the company and one-half of one transferable common share purchase warrant of the company. Each whole warrant will be exercisable into one common share of the company at an exercise price of 70 cents per share for period of two years from the date of issuance. The offering is not subject to a minimum amount.
All of the proceeds of the offering will be used toward exploration at its recently acquired Senneterre West claims located 25 km northeast of the gold mining center of Val d’Or, Que., potential acquisitions, marketing and awareness campaigns, and general working capital. The offering is subject to the policies of the Canadian Securities Exchange.
The offering will be conducted pursuant to available prospectus exemptions including sales to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 (exemption from prospectus requirement for certain distributions through an investment dealer). The investment dealer exemption is available to shareholders of the company who (a) will be purchasing the security as a principal, and (b) who obtain advice regarding the suitability of the investment, and if they reside in Canada, that advice is obtained from a registered investment dealer. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change related to the company which has not been generally disclosed.
All securities to be issued under the offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.
We seek Safe Harbor.
For Additional Information Please Contact
Rishi Kwatra
Chief Executive Officer
Molten Metals Corp. 604.760.3999
ir@moltenmetalscorp.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
