Metallis Announces Non-Brokered Private Placement

The Financing will consist of up to 7 million flow-through units at a price of $0.50 per unit, or up to 7.78 million non-flow-through units at a price of $0.45 per unit, or such combination of both resulting in total proceeds of $3.5 million.

The flow-through shares will qualify as “flow-through shares” for the purpose of the Income Tax Act .

The Property is prospective for multiple mineral deposit types and is located along a strategic geological boundary – the “Red-line” exposed on the western margin of the Eskay Rift system in the Golden Triangle, northwestern British Columbia.

is a Vancouver-based company focused on the exploration of gold, copper, nickel, and silver at its 100%-owned Kirkham Property situated in northwest British Columbia’s Golden Triangle.

Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements because of various factors.

Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected.

…Read the full story