Myriad Metals Corp. Announces Private Placement Financing
Vancouver, British Columbia–(Newsfile Corp. – June 5, 2020) – Myriad Metals Corp. (CSE: MMC) (“Myriad” or the “Company”) announced that it will be conducting a non-brokered private placement financing under which it will raise gross proceeds of up to $200,000 through an offering of common shares at $0.06 per common share. There may be insider participation in the financing, and the Company may pay finder’s fees and may issue finder’s warrants in connection with the financing. Securities issued under the financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company will use the proceeds of the financing for general working capital.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About the Company
The Company is a Vancouver-based mineral exploration company currently focused on the exploration of its Millen Mountain Property located in Nova Scotia, Canada. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedar.com) or contact the Company by telephone at 778.999.7030.
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Smith, CEO