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Playfair Mining Ltd. — Capital/Financing Update 2020
Jun 9, 2020
42497_rns_2020-06-08_75348725-0380-455e-a552-74b0d9b1c6df.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Playfair Mining Ltd. 230 - 470 Granville Street Vancouver, B.C. V6C 1V5
Item 2 Date of Material Change
June 5, 2020
Item 3 News Release
The news release dated June 5[th] , 2020 was issued from Vancouver, BC, and disseminated through Canada Stockwatch and Market News.
Item 4
Summary of Material Change
Playfair Mining is pleased to announce that it is proceeding with a non-brokered private placement of up to 10 million common shares at $0.05 per share for gross proceeds of up to $500,000.
Item 5
Full Description of Material Change
Playfair Mining is pleased to announce that it is proceeding with a non-brokered private placement of up to 10 million common shares at $0.05 per share for gross proceeds of up to $500,000.
The proceeds will be used for exploration on the RKV project in South Central Norway and for general working capital purposes.
Completion of the private placement is subject to acceptance by the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to resale restrictions under applicable securities legislation and the rules of the TSX Venture Exchange.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Confidentiality is not requested.
Item 7 Omitted Information
No information has been omitted in respect of the material change.
Item 8 Executive Officer
Donald G. Moore, Chairman and CEO Tel (604) 687-7178
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