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Magna Terra Announces Closing of Second Tranche of Upsized Non-Brokered Private Placement of $1.2 Million

Magna Terra Announces Closing of Second Tranche of Upsized Non-Brokered Private Placement of $1.2 Million

麦格纳大地宣布完成第二批规模扩大的非经纪私募股份,金额为120万美元
Accesswire ·  2021/11/19 21:06

TORONTO, ON / ACCESSWIRE / November 19, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT) is pleased to announce that it has completed a second and final closing of its non-brokered Private Placement (see Press Release dated October 29, 2021) totalling $415,000. Due to oversubscribed demand, the Company increased the offering to $1.2 million in common share units. The Company issued a total of 12 million common share units at a price of $0.10 per unit. Each common share unit consisted of one (1) common share and one-half of one common share purchase warrant, each full warrant being exercisable for an additional common share of the Company at a price of $0.15 for 24 months from the date of issuance. The warrants are subject to an Acceleration Clause, four (4) months plus one (1) day after the Closing Date of the Private Placement, whereby the Acceleration Clause will be in effect if the closing price of the common shares of the Company on the TSX Venture Exchange is equal to or greater than $0.35 for ten (10) consecutive trading days, entitling the Company to accelerate the expiry date of the warrants such that the holders of the warrants shall have a period of thirty (30) days to exercise the warrants upon deemed receipt of the Acceleration Notice. Company Insiders participated in the Private Placement for total subscription proceeds of $170,000. In connection with the Private Placement, the Company paid cash finder's fees of $39,000 and issued a total of 390,000 finder's warrants; with each finder's warrant exercisable at a price of $0.15 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period. The Private Placement remains subject to final approval by the TSX Venture Exchange. The proceeds of the financing will be used to advance Magna Terra's project portfolio in Newfoundland and New Brunswick, and for general working capital purposes.

安大略省多伦多/ACCESSWIRE/2021 年 11 月 19 日/ 麦格纳大地矿业公司(“公司” 或 “麦格纳大地”)(多伦多证券交易所股票代码:MTT)欣然宣布,其非经纪私募配售(见2021年10月29日的新闻稿)已完成第二轮也是最后一次成交,总额为41.5万美元。由于需求超额认购,该公司将普通股发行量增加至120万澳元。该公司以每单位0.10美元的价格共发行了1200万股普通股。每个普通股单位由一(1)股普通股和一份普通股购买权证的一半组成,每份完整认股权证自发行之日起24个月内可以0.15美元的价格行使公司额外普通股。认股权证受加速条款的约束,即私募配售截止日期后四(4)个月加一(1)天,根据该条款,如果公司在多伦多证券交易所风险投资交易所的普通股的收盘价连续十(10)个交易日等于或大于0.35美元,则加速条款将生效,这使公司有权加快认股权证的到期日,使认股权证持有人有一段期限在视为收到加速通知后三十 (30) 天内行使认股权证。Company Insiders参与了私募配售,总认购收益为17万美元。在私募方面,公司支付了39,000美元的现金发现者费用,共发行了39万份发现者认股权证;每份发现者的认股权证可在自发行之日起两年内以0.15美元的价格行使。根据私募发行的所有证券都将有四个月零一天的持有期。私募仍有待多伦多证券交易所风险投资交易所的最终批准。融资收益将用于推进麦格纳大地在纽芬兰和新不伦瑞克省的项目组合,并用于一般营运资金用途。

About Magna Terra
Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns three district-scale, advanced gold exploration projects in the world class mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district-scale drill ready projects available for option or joint venture.

关于《麦格纳泰拉》
Magna Terra Minerals Inc. 是一家专注于贵金属的勘探公司,总部位于加拿大多伦多。Magna Terra在新不伦瑞克省、纽芬兰和拉布拉多等世界一流的采矿司法管辖区拥有三个地区规模的先进黄金勘探项目。此外,该公司在阿根廷圣克鲁斯省拥有大量的勘探组合,其中包括其在Luna Roja项目中发现的贵金属,以及可供选择或合资的广泛地区规模的钻探准备项目组合。

Forward-Looking Statements
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.

前瞻性陈述
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

Cautionary Statements Regarding Forward-Looking Information
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

关于前瞻性信息的警示声明
本新闻稿中的某些陈述可能包含前瞻性信息。除历史事实外,所有涉及公司认为、预期或预计未来将发生或可能发生的活动、事件或发展的陈述(包括但不限于有关潜在矿化的陈述)均为前瞻性陈述。前瞻性陈述通常可以通过使用 “可能”、“将”、“应该”、“继续”、“期望”、“预期”、“估计”、“相信”、“打算”、“计划” 或 “项目” 等词语的否定词或这些词语或类似术语的其他变体来识别。前瞻性陈述受许多风险和不确定性的影响,其中许多风险和不确定性超出了公司的控制或预测能力,这可能会导致公司的实际业绩与前瞻性陈述中讨论的结果存在重大差异。可能导致实际结果或事件与当前预期存在重大差异的因素包括但不限于未能确定估计的矿产资源、未来的勘探结果可能与公司的预期不一致、世界黄金市场或其他大宗商品市场的变化以及公司向相关证券监管机构提交的公开披露记录中披露的其他风险。任何前瞻性陈述仅在发表之日起陈述,除非适用的证券法另有要求,否则公司不承担更新任何前瞻性陈述的任何意图或义务。

FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
647-478-5307
Email: info@magnaterraminerals.com
Website: www.magnaterraminerals.com

欲了解更多信息,请联系:
麦格纳泰拉矿业公司
刘易斯·劳里克
总裁兼首席执行官兼董事
647-478-5307
电子邮件:info@magnaterraminerals.com
网站:www.magnaterraminerals.com

SOURCE: Magna Terra Minerals Inc.

来源: 麦格纳泰拉矿业公司


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