EV Minerals Announces Closing of First Tranche of Private Placement
TORONTO,ONTARIO – September 3, 2024 – EVMinerals Corporation (the "Company" or "EVMinerals") (CSE: EVMand FSE: RLC) is pleased to announce that, further to its pressrelease of August 15, 2024, the Company has completed the first tranche if its non-brokeredprivate placement financing through the issuance of 22,230,481 common shares(each, a "Common Share") in the capital of the Company at aprice of $0.017 per Common Share for gross proceeds of $377,918.18 (the "Offering").Gross proceeds raised from the Offering will be used for corporate strategy,working capital and general corporate purposes.
Allsecurities issued in connection with the Offering are subject to a hold periodof four months plus a day from the date of issuance and the resale rules ofapplicable securities legislation.
Thispress release does not constitute an offer to sell or a solicitation of anoffer to buy the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of 1933, asamended (the "U.S. Securities Act") or any state securitieslaws and may not be offered or sold within the United States or to U.S. Personsas defined under applicable United States securities laws unless registeredunder the U.S. Securities Act and applicable state securities laws or anexemption from such registration is available.
About EV Minerals Corporation
EV Minerals Corporation is a Canadian explorationcompany focused on mineral exploration and development. The current focus is the EV Nickel Project,host of the nickel-copper-cobalt McNickel deposit. The Project is comprised of32 mineral claims covering approximately 1,792 hectares located in the Saguenayarea, the Province of Quebec. This deposit is reputed containing a historicalresource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co(NI 43-101 non-compliant resource), which is to be re-evaluated with theconsideration of using either bioleaching or acid leaching and electrowinningfor nickel, cobalt and copper recovery.
For more information, please contact:
Nicholas Konkin
President and CEO, Director
nick@evmineralscorp.ca
416-642-1807 Ext 305
This news release contains certain "forward-lookinginformation" within the meaning of applicable securities law. Forwardlooking information is frequently characterized by words such as "plan","expect", "project", "intend", "believe","anticipate", "estimate", "may", "will","would", "potential", "proposed" and othersimilar words, or statements that certain events or conditions "may"or "will" occur. These statements are only predictions.Forward-looking information is based on the opinions and estimates ofmanagement at the date the information is provided and is subject to a varietyof risks and uncertainties and other factors that could cause actual events orresults to differ materially from those projected in the forward-lookinginformation. For a description of the risks and uncertainties facing the Companyand its business and affairs, readers should refer to the Company’sManagement’s Discussion and Analysis. The Company undertakes no obligation toupdate forward-looking information if circumstances or management’s estimatesor opinions should change, unless required by law. The reader is cautioned notto place undue reliance on forward-looking information.
