Bullet Exploration Inc. Announces $300,000 Non-Intermediary Financing
Calgary, Alberta–(Newsfile Corp. – March 21, 2022) – Bullet Exploration Inc. (TSXV: AMMUNITION) (the “Company”) announces that it is undertaking a non-brokered private placement of up to 6,000,000 common shares of the Company at a price of $0.05 per share for aggregate gross proceeds of up to $300,000 $. The net proceeds from the sale of shares will be used to advance the Company’s exploration programs and for general working capital.
The private placement is subject to, among other things, the receipt of all necessary approvals from the TSX Venture Exchange.
The Company may pay finder’s fees on a portion of the private placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the “To exchange“). The private placement may be closed in one or more tranches.
In accordance with applicable Canadian securities laws, all securities issued and issuable under the Offering will be subject to a hold period of four months from the date of closing.
For more information, please contact:
Jean (Ted) Pomerleau
Chief Executive Officer
Phone. : 403-383-7913
E: [email protected]
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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States or to or for the account or benefit of a US Person. (as defined in Regulation S of the United States Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available .
CAUTION REGARDING FORWARD-LOOKING INFORMATION: This press release contains certain “forward-looking statements” that do not consist of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words that indicate that the Company or management expects a stated condition or result to occur. Forward-looking statements can be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will” or “plans”. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not guarantee that actual results will meet management’s expectations. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, the Company’s objectives, goals or future plans, use of funds and completion of the private placement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure of the private placement, failure of the Company’s exploration program, delays in obtaining or failure to obtain regulatory, governmental requirements, environmental or other project approvals, political risks, failure to meet the obligation to accommodate Indigenous peoples, uncertainties regarding the availability and costs of financing required in the future, variations in stock markets, inflation, variations in exchange rates, fluctuations in commodity prices, delays in project development, capital and operating costs vary significantly from estimates and other risks associated with the mineral exploration and development industry, an inability to complete the private placement on the terms or within the times announced or not at all, and those risks set forth in the Company’s public filings on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which speaks only as of the date of this press release, and no assurance can be given that such events will occur within the time disclosed or not at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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