/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Jan. 6, 2022 /CNW/ - Barsele Minerals
Corp. (TSXV: BME) (the "Company" or
"Barsele") is pleased to announce that the Company intends
to undertake a non-brokered private placement financing (the
"Offering") to raise gross proceeds of up to $2,000,000 from the sale of up to 4,000,000 units
("Units") at a price of $0.50
per Unit, with each Unit consisting of one common share of the
Company (each, a "Share") and one-half of one warrant (each
whole warrant, a "Warrant"). Each Warrant will entitle the
holder thereof to acquire one Share from the Company at a price of
$0.75 per Share for a period of 24
months from closing of the Offering.
The Company intends to use the net proceeds from the Offering
for working capital requirements and other general corporate
purposes.
The Offering is anticipated to close on or about January 25, 2022 (the "Closing Date"). The
closing of the Offering is subject to certain conditions, including
the approval of the TSX Venture Exchange and certain other
conditions customary for a private placement of this nature. All
securities issued pursuant to the Offering will be subject to a
statutory four month and one day hold period from the Closing
Date.
The Company may pay a finder's fee in respect of those
purchasers under the Offering introduced to the Company by certain
persons (each a "Finder"). Each Finder will receive a cash
payment equal to 6% of the gross proceeds received by the Company
from purchasers under the Offering who were introduced to the
Company by such Finder.
The securities described herein have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities
laws, and accordingly, may not be offered or sold within
the United States except in
compliance with the registration requirements of the U.S.
Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release is not an
offer or a solicitation of an offer of securities for sale in
the United States, nor will there
be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About Barsele Minerals Corp.
Barsele is a Canadian-based junior exploration company managed
by the Belcarra Group, comprised of highly qualified mining
professionals. Barsele's main property is the Barsele Gold Project
in Västerbottens Län, Sweden, a
joint venture with Agnico Eagle. An amended NI 43–101 Technical
Report on the Barsele Project with an effective date of
February 21, 2019, was filed on SEDAR
on December 16, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements,
including statements with respect to the terms of the Offering, the
receipt of approvals for the Offering, closing of the Offering and
use of proceeds of the Offering. These statements reflect
management's current estimates, beliefs, intentions and
expectations; they are not guarantees of future performance.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Such factors
include, among other things: risks and uncertainties relating to
exploration and development, the ability of the Company to obtain
additional financing, the need to comply with environmental and
governmental regulations, fluctuations in the prices of
commodities, operating hazards and risks, competition and other
risks and uncertainties, including those described in the Company's
financial statements, management discussion and analysis and/or
annual information form available on www.sedar.com. The risk
factors identified in such documents are not intended to represent
a complete list of factors that could affect the Company. Actual
results may differ materially from those currently anticipated in
such statements and the Company undertakes no obligation to update
such statements, except as required by law.
Neither 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
SOURCE Barsele Minerals Corp.
