TSX: TML OTCQX: TSRMF
TORONTO, July 20, 2020 /CNW/ - Treasury Metals
Inc. (TSX: TML) ("Treasury" or the "Company") announces that
its ownership of securities of Platinex Inc. ("Platinex") has been
increased to approximately 10.633% of Platinex's issued and
outstanding share capital, as a result of common shares and
warrants received as consideration pursuant to a purchase
agreement.
Prior to acquisition of common shares and warrants by Treasury,
the Company held 1,000,000 common shares, representing
approximately 1% of the then issued and outstanding shares of
Platinex. Following the acquisition by Treasury of common shares
and warrants of Platinex on July 15,
2020, Treasury owns an aggregate of 13,500,000 common shares
and 5,000,000 warrants, representing approximately 10.633% of the
issued and outstanding shares of Platinex, and assuming exercise of
its 5,000,000 warrants, Treasury would hold 18,500,000 common
shares, representing approximately 14.019% of the issued and
outstanding shares of Platinex.
This news release is issued pursuant to National Instrument
62-103 - The Early Warning System. A copy of the Early Warning
Report will appear on the SEDAR website at www.sedar.com.
To view further details about Treasury Metals Inc. and the
Goliath Gold Project, please visit the Company's website at
www.treasurymetals.com.
Follow us on Twitter @TreasuryMetals
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused exploration and
development company with assets in Canada and is listed on the Toronto Stock
Exchange ("TSX") under the symbol "TML" and on the OTCQX® Best
Market under the symbol "TSRMF".
FORWARD-LOOKING STATEMENTS:
Certain of the information contained in this news release may
contain "forward-looking information". Forward-looking information
and statements may include, among others, statements regarding the
future plans, costs, objectives or performance of Treasury Metals,
or the assumptions underlying any of the foregoing. In this news
release, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at
or by which, such future performance will be achieved.
Forward-looking statements and information are based on information
available at the time and/or management's good-faith belief with
respect to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Company's control. The Company does not
intend, nor does the Company undertake any obligation, to update or
revise any forward-looking information or statements contained in
this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable
laws.
SOURCE Treasury Metals Inc.