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Temas Resources Revised Terms of Previous Announced Non-Brokered Private Placement of up to $1.5 Million
VANCOUVER, BC / ACCESSWIRE / March 22, 2024 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) announces, further to its news released d
About this update from Temas Resources Corp.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / March 22, 2024 / Temas Resources Corp. (\"Temas\" or the \"Company\") (CSE:TMAS)(OTCQB:TMASF) announces, further to its news released dated February 8, 2024, that it has amended the terms of its non-brokered private placement (the \"Financing\"), reducing the price from $0.25 per unit to $0.20 per unit and thereby issuing up to of up to 7,500,000 units for gross proceeds of $1.5 million. Each Unit is comprised of one common share of the Issuer (a \"Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the Subscriber to purchase one additional common share of the Issuer (a \"Warrant Share\") at a price of $0.40 per Warrant Share for a period of two years from the Closing Date. The Company intends to use proceeds from the financing for the purpose of advancing the La Blache project, marketing and working capital. There may be finder's fees payable in cash or securities. About Temas Resources Temas Resources Corp. is focused on the advanced La Blache and Lac Brule Iron-Titanium-Vanadium projects in Quebec. The critical metals the Company is exploring for are key to our national mineral independence. Additionally, the Company invests in and works to apply its green mineral recovery technologies across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. All public filings for the Company can be found on the SEDAR+ website www.sedarplus.ca. For more information about the Company, please visit www.temasresources.com. For further information or investor relations inquiries: Tim FernbackPresident and CEO [email protected] KIN Communications Inc.Tel: [email protected] Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Statements This news release includes certain \"forward-looking statements\" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportun...