21C Metals (CSE:BULL; FWB:DCR1; OTC:DCNNF) President & Director Wayne Tisdale joined the Investing News Network to discuss his company’s latest projects, including the Tisova copper-cobalt project on the Czech/German border.
According to Tisdale, 21C Metals has targeted both palladium and cobalt due to their common use-cases in modern industries. Palladium is commonly used in catalytic converters found in internal combustion engines, while cobalt has been recognized as a metal of the future due to its importance in lithium-ion batteries. By targeting elements on both sides of the electric vehicle movement, Tisdale feels his company has optimally positioned itself to serve growing vehicle markets of all varieties.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 18, 2019 (GLOBE NEWSWIRE) -- 21C Metals Inc. (“21C” or the “Company”) (CSE: BULL) (FRA: DCR1) (OTCQB: DCNNF) is pleased to announce that it has entered into a letter of engagement with Eight Capital, under which Eight Capital, acting as agent for the Company, has agreed to offer for sale units of the Company (the “Units”) on a “best efforts” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.18 (the “Issue Price”) for total gross proceeds of up $2,000,016.
Each Unit shall consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.30 for a period of 24 months following the Closing Date. If, following the closing of the Offering, the volume weighted average price of the Common Shares on the Canadian Securities Exchange is equal to or greater than $0.40 for any 10 consecutive trading days, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such written notice.
The Company has granted Eight Capital an over-allotment option to purchase up to an additional 11,111,200 Units at the Offering Price, exercisable in whole or in part, at any time on or prior to 48 hours prior to the closing of the Offering. If this option is exercised in full, an additional $2,000,016 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be up to approximately $4,000,032.
The Company intends to use the proceeds from the offering to commence exploration work on the company's East Bull palladium and Tisova cobalt properties and for general working capital.
The closing date of the Offering is scheduled to be on or about April 12, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and the applicable securities regulatory authorities.
As consideration for its services, Eight Capital will receive a cash commission equal to 7% of the gross proceeds of the Offering. The Company will also issue to Eight Capital compensation warrants in an amount equal to 7% of the number of Units sold pursuant to the Offering. Each compensation warrant will exercisable to purchase one Unit at the Issue Price, for a period of 24 months.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
On behalf of the Board of Directors
Wayne Tisdale, President & Director
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered 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 may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
FORWARD LOOKING INFORMATION
This press release contains forward-looking information based on current expectations, including the completion of the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, 21C assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the contents of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
21C Metals Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4455
Welcome to all the new 21C Metals investor group members, We wanted to start by introducing everyone to the CEO, Mr. Wayne Tisdale, with a video of his past projects and his remarkable achievements over the years. The video was prior to Wayne's starting his newest project 21C Metals. Wayne is very excited and focused on this new project and in particular as it is a very exciting Palladium play.
Palladium has recently rallied to a price exceeding that of gold and is the principal element used in catalytic converters. Deposits are rare, found generally in South Africa, Russia, Montana and the Sudbury Basin in Ontario, where the Property is located. High demand for palladium is expected to continue due to many jurisdictions (including China) implementing more stringent domestic emissions standards.
VANCOUVER, BC / ACCESSWIRE / March 14, 2019 / 21C Metals Inc. ("21C" or the "Company") (CSE: BULL) ((FRA: DCR1) (OTCQB: DCNNF) is pleased to announce that it recently became a member of the 8020 Connect Inc., ("8020 Connect"), investor community.
We invite all shareholders and stakeholders to join 21C on the 8020 Connect platform to communicate directly with management.
Join our Investor Group here: 21C Metals Investor Group
"We are excited to have the opportunity to keep all shareholders and interested investors up to date on our Palladium and Cobalt assets. We have two very exciting projects and its important to give shareholders an opportunity to learn and grow with the company." President & CEO, Wayne Tisdale.
21C Asset Highlights:
Tisova Project: (Location: Czech/German): The Tisova VMS horizons appear to occur within a 100m thick assemblage termed the Tisova Horizon. 21C Metal's geologists, working with recognized world experts in VMS deposits, have developed a preliminary exploration signature for copper/cobalt on the property. It is currently thought that there may be as much as a prospective 30 km belt.
East Bull property: (Ontario, Canada): Analysis and testing of the historical exploration has resulted in a 43-101 compliant resources estimate of 11.1m tonnes of ore at a grade of 1.46g/t PdEq for a total of 523,000 ounces of Palladium. The independent analysis of the updated 43-101 also highlighted the potential significant upside potential for the resource estimate after further exploration.
Interested in learning more: Corporate Profile
About 8020 Connect Inc.
8020 Connect (8020) is a software technology company specializing in the development of niche-managed social media communications, data collection and AI applications. 8020 is the 1st and only regulatory-compliant social network technology platform for regulated or highly controlled business environments. 8020 is gives social power and connectivity to those industries unable to leverage uncontrolled traditional social networks.
8020 Connect's global network of premier online investor communication platforms, 8020Stocks, is dedicated to assisting corporations (issuers) to better communicate their story and grow their investor audience.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed exploration program on the Property. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in mining operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: 21C Metals Inc.
21C Metals new video presentation about their development of Palladium deposits in Ontario. Palladium has recently rallied to a price exceeding that of gold. Palladium is the principal element used in internal combustion engine catalytic converters. Learn more about 21C Metals here: http://connects.digital/metals9