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Germanium Mining Corp. — Capital/Financing Update 2021
Sep 20, 2021
47316_rns_2021-09-20_0feb55dc-34de-43bd-b7e5-4a035614cef9.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Musk Metals Corp. (formerly Gold Plus Mining Inc.) (the “Company”) 2905 - 700 W Georgia Street Vancouver, BC, V7Y IC6
Item 2 Date of Material Change
September 10, 2021
Item 3 News Release
The news release was disseminated through Market News and Stockwatch.
Item 4 Summary of Material Change
On September 10, 2021, the Company announced it had closed an oversubscribed non-brokered private placement, which consisted of 7,276,664 units at a price of $0.075 per unit for gross aggregate proceeds of approximately $545,750.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
See attached News Release
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Nader Vatanchi, CEO and Director, (604) 717-6605
Item 9 Date of Report
September 20, 2021
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FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
MUSK METALS CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT
September 10, 2021, VANCOUVER, BC – MUSK METALS CORP. (“MUSK METALS” OR THE “COMPANY”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce is has closed an oversubscribed non-brokered private placement. (Aug. 13 & Aug. 19, 2021). The private placement consisted of 7,276,664 units at a price of $0.075 per unit for gross aggregate proceeds of approximately $545,750.
Each Unit comprises one common share of the Company (each, a “ Share ”) and one Share purchase warrant (each whole warrant, a “ Warrant ”), with each Warrant entitling the holder to purchase one additional Share (each, a “ Warrant Share ”) at a price of $0.10 per Warrant Share for a period of two years following the closing of the Offering.
The Company paid an aggregate of $2,780 and issued an aggregate of 37,066 Brokers' Warrants in connection with the closing of the offering. Each Broker's warrant entitles the holder to purchase one additional share at a price of $0.10 for a period of two years following the closing of the offering.
All securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after the closing of the offering.
Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at www.muskmetals.ca
About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.
ON BEHALF OF THE BOARD Emily Sewell CFO & Director
For more information on Musk Metals, please contact:
Phone: 604-717-6605 Corporate e-mail: [email protected] Website: www.muskmetals.ca
Corporate Address: 2905 – 700 West Georgia Street, Vancouver, BC, V7Y 1C6
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the anticipated number of work programs to be initiated by the Company, their expected duration and temporal proximity, the evaluation of additional near-term acquisitions by the Company, the Offering and its terms, including the intended use of proceeds thereof; and other matters regarding the business or plans of the Company. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including: that the Company may not initiate or complete the exploration programs on the Pluto properties, that the Company may not identify or be able close any potential acquisition, that the Offering may not close at all or on the terms announced; that the Company may use the proceeds of the Offering for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.