Business
PATTERSON METALS ANNOUNCES PRIVATE PLACEMENT
PATTERSON METALS ANNOUNCES PRIVATE
About this update from Patterson Metals Corp.
[{"type":"text","content":"Vancouver, Canada - Patterson Metals Corp. (the 'Company') (TSXV: PAT, FWB: 33H2) announces that it will offer up to 3,703,704 units (each, a 'Unit') by way of a non-brokered private placement (the 'Offering') at a price of $0.27 per Unit, for gross proceeds of up to $1,000,000.\nEach Unit will consist of one common share of the Company, and one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.36 for a period of thirty-six months. In connection with completion of the Offering, the Company may pay finders' fees to eligible parties that assisted in introducing subscribers to the Company. All securities to be issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the Offering remains subject to approval of the TSX Venture Exchange.\nAbout Patterson Metals Corp PattersonMetals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows the Company to achieve exceptional shareholder value through the entire life-cycle of the mining process.\nOn behalf of the Board,Patterson Metals Corp.Simon Cheng, President\nThis news release may contain certain 'Forward-Looking Statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words 'anticipate', 'believe', 'estimate', 'expect', 'target, 'plan', 'forecast', 'may', 'schedule' and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Offering and related regulatory approvals, as well as other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unkno...