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Armory Mining Corp. — Capital/Financing Update 2021
Apr 9, 2021
47573_rns_2021-04-09_14fb9b1c-3a3f-41be-9c0a-7563636aea77.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
ITEM 1. NAME AND ADDRESS OF ISSUER
Spey Resources Corp. (the “ Company ”) 900 - 580 Hornby Street Vancouver, BC V6C 3B6
ITEM 2. DATE OF MATERIAL CHANGE
April 8, 2021
ITEM 3. NEWS RELEASE
Issued on April 8, 2021 and distributed through the facilities of Newsfile subsequently filed on System for Electronic Document Analysis and Retrieval (SEDAR) and with the Canadian Securities Exchange.
ITEM 4. SUMMARY OF MATERIAL CHANGE
On April 8, 2021, the Company announced that it closed its oversubscribed $0.10 unit private placement for net proceeds of $600,000.
ITEM 5.1 FULL DESCRIPTION OF MATERIAL CHANGE
On April 8, 2021, the Company announced that it closed its oversubscribed $0.10 unit private placement for net proceeds of $600,000. The Company issued 6,000,000 units, each unit consisting of one common share and one non-transferable common share purchase warrant, each warrant exercisable for the purchase of one common share at $0.22 for a period of twelve months. The proceeds of the private placement will be used to advance Spey’s Silver Basin and Kaslo Silver projects and for general working capital purposes.
ITEM 5.2 DISCLOSURE FOR RESTRUCTURING TRANSACTIONS Not applicable. ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102 Not Applicable. ITEM 7. OMITTED INFORMATION
There are no significant facts required to be disclosed herein which have been omitted.
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ITEM 8. EXECUTIVE OFFICER
Contact: David Thornley-Hall, President Telephone: (604) 306-7821
ITEM 9. DATE OF REPORT
April 9, 2021