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Giant Mining Corp. — Capital/Financing Update 2021
Sep 10, 2021
47488_rns_2021-09-10_732725fd-6f06-42f9-bba2-f85f777b2a91.pdf
Capital/Financing Update
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NEWS RELEASE
BAM BAM RESOURCES INCREASES PRIVATE PLACEMENT CLOSING
VANCOUVER, BC — September 10, 2021— Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) ( “ Bam Bam ” or the “ Company ” ) announces that, further to its news release dated September 7, 2021, it has amended the amount closed on its over-subscribed non-brokered private placement financing from $2,001,741 to $2,232,841.05 (the “ Placement ”).
The Company has allotted and issued 23,503,590 units (the “ Units ”) at a price of $0.095 per Unit. Each Unit is comprised of one common share and one transferable warrant (“ Warrant ”). Each Warrant will entitle the holder to purchase one additional common share for a period of twenty-four (24) months at a price of $0.125 per share, subject to accelerated expiry.
In the event that the Company's common shares trade at a closing price at or greater than $0.15 per share for a period of 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof, and in such case, the warrants will expire on the 30th day after the date on which such notice is given by the Company.
In connection with the Placement, the Company has paid $11,542.50 as a finder’s fee to an arm’s-length party. The Company will use the proceeds from the Placement towards exploration on its Majuba Hill Property and general working capital. All securities issued are subject to a four-month-and-one-day hold period expiring on January 8, 2022.
About Bam Bam Resources Corp.
Bam Bam Resources Corp. (CSE: BBR / OTC: NPEZF / FSE: 4NPB) is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
On Behalf of the Board of Bam Bam Resources Corp.
“David Greenway”
David C. Greenway President & CEO
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For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: [email protected]
P: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Bam Bam Resources Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Bam Bam Resources Corp. management on the date the statements are made. Except as required by law, Bam Bam Resources Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. ###