1844 Announces a Non-Brokered Private Placement of Flow-Through Units, Extends the Previously Announced Private Placement of $2,000,000 and Provides Update Regarding Option Agreement

1844 Announces a Non-Brokered Private Placement of Flow-Through Units, Extends the Previously Announced Private Placement of $2,000,000 and Provides Update Regarding Option Agreement

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces a non-brokered private placement of 11,111,111 flow-through units (the "FT Units") at $0.045 per FT Unit for gross proceeds of $500,000 (the "FT Unit Offering"). Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" (an "FT Share") within the meaning of the Income Tax Act (Canada) (the "Tax Act") and one half of one common share purchase warrant (each whole warrant, an "FT Unit Warrant"). Each FT Unit Warrant will entitle the holder thereof to purchase one non-flow-through common share of the Company (each, an "FT Unit Warrant Share") at a price of $0.055 for a period of 36 months following the date of issuance.

The Company intends to use the proceeds of the FT Unit Offering for exploration activities and for general corporate purposes. The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration expenses that will constitute "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Tax Act (the "Qualifying Expenditures").

The closing of the FT Unit Offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange (the "Exchange"). Any finder's fees to be paid by the Company will be payable in accordance with the policies of the Exchange. The FT Shares, FT Unit Warrant Shares and any common shares of the Company that are issuable upon the exercise of any finder's warrants will be subject to a hold period ending on the date that is four months plus one day following the issue date in accordance with applicable securities laws.

The securities offered in the FT Unit Offering 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 U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States.

Extension of Concurrent Unit Offering

Further to the Company's news releases dated April 12, June 9, July 20, and August 22, 2023, 1844 also announces a 30-day extension of its previously announced non-brokered private placement (the "Offering"). The other terms of the Unit Offering remain unchanged and the Company will raise up to 57,142,858 units (each, a "Unit") at $0.035 per Unit for gross proceeds is up to $2,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to purchase one common share of the Company (each, an "Unit Warrant Share") at a price of $0.055 for a period of 36 months following the date of issuance.

In connection with the Unit Offering, the Company will pay a cash finders fee equal to 8% of the gross proceeds raised from the sale of Units to certain subscribers of the Unit Offering and issue a number of non-transferable common share purchase warrants equal to 8% of the aggregate number of Units purchased by certain subscribers of the Unit Offering (each, a "Finder's Warrant") to certain finders. Each Finder's Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.05 per share for a period of 12 months following the date of issuance. 1844 will use the net proceeds from the Unit Offering in connection with its option to acquire the Hawk Ridge Project, for exploration on the Hawk Ridge Project and for general corporate purposes.

Option Agreement

The Company also announces it has entered into an amending agreement (the "Amending Agreement") with Nickel North Exploration Corp. ("NNX") with respect to the option agreement between the parties dated March 6, 2023 (the "Option Agreement), relating to the Company's option to acquire the Hawk Ridge Project. Pursuant to the Amending Agreement, the parties have agreed to amend the payment terms and conditions of the Option Agreement as follows:

  1. The Company is now entitled to acquire a 10% undivided interest in the Hawk Ridge Project on the date that is two business days following the approval of the Option Agreement (the "Effective Date") by the Exchange by paying $325,000 and issuing 5,000,000 Units (valued at $175,000) and 1,000,000 common shares of the Company to NNX (the "First Option").
  1. If the Company exercises the First Option, it can now acquire an additional 10% undivided interest in the Hawk Ridge Project by paying $1,500,000 and issuing 1,000,000 common shares of the Company to NNX on the first anniversary date of the Effective Date, and incurring $500,000 of exploration expenditures before the first anniversary of the Effective Date (the "Second Option").
  1. If the Company does not satisfy the revised payment terms and conditions of the Second Option, the Company's option to acquire the Hawk Ridge Project will terminate and the Company will return to NNX the 10% undivided interest in the Hawk Ridge Project that the Company acquired upon the exercise of the First Option for nil consideration, resulting in the Optionee holder no interest in the Hawk Ridge Project.

The remaining terms and conditions of the Option Agreement remain unchanged and the Option Agreement, as amended, remains subject to Exchange approval.

Mr. Sylvain Laberge, President and CEO of the Company commented: "The option to acquire a 100% interest in the Hawk Ridge Project is transformational for 1844. Hawk Ridge is expected to become one of the flagship properties of the Company and is expected to add to our existing portfolio of copper and other critical mineral projects in coastal Quebec."

For more details regarding the Option Agreement and Hawk Ridge Property, see the Company's news releases dated March 6 and 7, 2023. Copies of the Company's news releases are available under the Company's SEDAR profile at www.sedar.com.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Nunavik Québec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

1844 Resources Inc.

(signed) "Sylvain Laberge"

Sylvain Laberge
President and CEO
514.702.9841
Slaberge@1844 Resources.com

FORWARD-LOOKING INFORMATION

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the FT Unit Offering, the Company's option on the Hawk Ridge Project, the First Option, the Second Option, the Unit Offering and Exchange approval. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; and Exchange approval.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include exploration or other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/181657

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1844 Announces Private Placement for Gross Proceeds of Up To $1,000,000 and Amendment to Flow-Through Financing for Gross Proceeds of Up To $300,000

1844 Announces Private Placement for Gross Proceeds of Up To $1,000,000 and Amendment to Flow-Through Financing for Gross Proceeds of Up To $300,000

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces amendments to the terms of its (i) non-brokered private placement of units (each, a "Non-FT Unit) previously announced on April 12, June 9, July 20 and September 23, 2023 (the "Non-FT Unit Offering") and (ii) non-brokered private placement of flow-through units (each, an "FT Unit") previously announced on September 23, 2023 (the "FT Unit Offering" and, together with the Non-FT Unit Offering, the "Offerings").

Pursuant to the amended terms of the Non-FT Unit Offering, the Company will issue up to 50,000,000 Non-FT Units at a price of $0.02 per Non-FT Unit for aggregate gross proceeds of up to $1,000,000. Each Non-FT Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Non-FT Unit Warrant"). Each whole Non-FT Unit Warrant will entitle the holder thereof to acquire one non-flow-through Common Share (a "Warrant Share") at an exercise price of $0.05 per Warrant Share for a period of 36 months following the closing of the Non-FT Unit Offering. 1844 intends to use the net proceeds from the Non-FT Unit Offering in connection with its option to acquire the Hawk Ridge Project, for exploration on the Hawk Ridge Project and for general corporate purposes.

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1844 Announces Extension to the Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Announces Extension to the Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") further to the Company's news release dated June 9 and July 20, 2023, 1844 announces a 30 day extension of its previously announced non-brokered private placement (the "Offering") to finalize remaining subscriptions and coordinate an orderly closing. The Company is keeping the same terms as previously announced and will raise up to 57,142,858 Units at $0.035 per Unit for gross proceeds of up to $2,000,000.

The Units will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). The Warrants are exercisable for a period of 36 months from closing and the exercise price is $0.055 per Warrant.

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1844 Announces Extend Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Announces Extend Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") further to the Company's news release dated June 9, 2023, 1844 announces a 30 day extension of its previously announced non-brokered private placement (the "Offering"). The Company is keeping the same terms as previously announced and will raise up to 57,142,858 Units at $0.035 per Unit for gross proceeds is up to $2,000,000.

The Units will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). The Warrants are exercisable for a period of 36 months from closing and the exercise price is $0.055 per Warrant.

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1844 Appoints Mr Zoran Mladenovic to the Advisory Board

1844 Appoints Mr Zoran Mladenovic to the Advisory Board

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to announce the appointment of Mr Zoran Mladenovic to its advisory board.

Mr Mladenovic immigrated to Canada in 1982 after completing his studies at the University of Telecommunication in Belgrade. Having built several companies between 1983 and 1996, Zoran shifted his focus to the stock market, with a specific specialty in options trading. He also creates and operates unique super-exclusive options and insurance in small markets, crypto and collateral insurance for gold businesses and claims.

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1844 Announces Repricing of Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Announces Repricing of Previously Announced Private Placement for Gross Proceeds of up to $2,000,000

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") due to market conditions, 1844 announces amended pricing to its previously announced non-brokered private placement (the "Offering"). Pursuant to the amended pricing, the Company is increasing the number of units (the "Units") to be issued from up to 40,000,000 Units to up to 57,142,858 Units and has amended the Unit pricing from $0.05 per Unit to $0.035 per Unit. The gross proceeds for the Offering will continue to be for gross proceeds of up to $2,000,000.

The Units will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). The Warrants are exercisable for a period of 36 months from closing and the exercise price of the Warrants was reduced from $0.075 per warrant to $0.055 per Warrant.

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Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Highlights:

  • Three copper-nickel sulphide zones further extended along strike for: 200 m west of West Zone; 450 m of M-Zone, and 300 by 200 m of Anomaly-51 Zone;
  • Two new sulphide zones confirmed: northeast extension of Anomaly-51 Zone and south of Central Zone.
  • Significant (>3 – 15 metres) massive to semi-massive sulphides and widened (up to 112.5 metres) disseminated sulphide mineralized zones intersected:
    • 15.0 metres grading 0.36%Ni, 0.48% Cu, 0.05% Co, 0.70g/t Pd, 0.08g/t Pt and 0.06g/t Rh in FL23-527 hole.
    • 112.5 metres grading 0.16% Ni, 0.23% Cu, 0.02% Co, 0.35g/t Pd, 0.06g/t Pt and 0.02g/t Rh in FL23-527B hole.

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the return of assay results from 26 remaining holes drilled during the summer, which is the final portion of the 21,126-metre 2023 diamond drilling program completed at its 100% owned Ferguson Lake Project ("Ferguson Lake Project") in Nunavut, Canada.

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Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CNSX:FABL)(FRA:XZ7) announces that it has received its Mines Act Permit which entitles the Company to drill from 15 drill stations over a period of 2 years on the Muskwa Copper Project

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property area was granted the drilling permit and in particular the Davis Keays Eagle Vein area is the Company's first priority interest. See Figure 1 below.

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Interra Copper Corp. and ArcWest Exploration Inc. Execute Rip Copper-Molybdenum Project Option and Joint Venture Agreement

Interra Copper Corp. and ArcWest Exploration Inc. Execute Rip Copper-Molybdenum Project Option and Joint Venture Agreement

Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to announce that it has executed its Option with ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest"), for up to an 80% earn-in and joint venture agreement on ArcWest's Rip Copper-Molybdenum (Cu-Mo) Project ("Rip Project" or the "Project"), in central British Columbia, a prolific mining region on Canada's west coast. A technical presentation for Rip is available for download here.

The Rip Project comprises 2,309 ha and is located about 63 km south of Houston and 79 km southwest of Burns Lake in central British Columbia. The Rip Project is situated in Stikine Terrane in a prolific belt of Late Cretaceous (Bulkley Plutonic Suite) porphyry Cu-Mo deposits, which includes Imperial Metals' Huckleberry Mine, 33 km to the southwest and presently on care and maintenance. In addition to the Huckleberry Mine, the Bulkley porphyry belt includes the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits. The fully permitted Rip Project is road accessible from either Houston or Burns Lake.

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WESTERN COPPER AND GOLD ANNOUNCES FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO

WESTERN COPPER AND GOLD ANNOUNCES FURTHER INVESTMENT AND ENTRY INTO A NEW INVESTOR RIGHTS AGREEMENT WITH RIO TINTO

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces a further C$6 million investment and the entry into an amended and restated investor rights agreement by Rio Tinto Canada Inc. ("Rio Tinto"), to continue to advance the Company's Casino Project in the Yukon .

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

Rio Tinto has agreed to subscribe for and purchase 3,468,208 common shares at a price of C$1.73 per share for aggregate gross proceeds of approximately C$6 million , resulting in Rio Tinto's ownership increasing to approximately 9.7% of Western's outstanding common shares.

Western remains the sole owner of the Casino Project and will continue to be the operator. The Company will use the proceeds of this further investment to fund specific areas of study, specifically around providing infrastructure for the Casino Project, and streamlining the regulatory process, with the aim of progressing through permitting to a development phase for the Casino Project.

"We are pleased that Rio Tinto has elected to continue to invest and work with Western to advance the Casino Project, with a focus on furthering infrastructure development and streamlining the regulatory process," said Paul West-Sells , President and CEO.

"We are pleased to continue to work with Western to advance the Casino Project," said Bold Baatar, Chief Executive, Copper, Rio Tinto.

In connection with this further investment by Rio Tinto, the Company and Rio Tinto will enter into an amended and restated investor rights agreement, whereby, subject to certain conditions, including ownership thresholds, Rio Tinto will have certain rights for a period of 18 months from closing of the investment, including the right to appoint:

  • one member to the Casino Project Technical and Sustainability Committee
  • one non-voting observer to attend all meetings of the board of directors of the Company
  • one director of the Company, if Rio Tinto's ownership increases to at least 12.5%
  • up to three secondees to the Casino Project

In addition, Rio Tinto will have a right to participate in future equity issuances to maintain its ownership in the Company and will be provided with a one-time "demand registration right" and "piggy-back registration rights."

Under the amended and restated investor rights agreement, for a period of 18 months, Rio Tinto has also agreed:

  • to vote any shares in favor of each director nominated by the board of directors of the Company for election by shareholders
  • not to acquire any securities of the Company, subject to certain exceptions
  • not to sell, transfer, offer or otherwise dispose of any shares, subject to certain exceptions

The closing of this investment is expected to occur on or about December 12, 2023 and is subject to regulatory approval, including that of the Toronto Stock Exchange and the NYSE American LLC. The common shares will be subject to a statutory hold period in accordance with applicable securities legislation.

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements, including statements with respect to the anticipated use of proceeds from the investment, the rights to be provided to Rio Tinto and the restrictions imposed on Rio Tinto pursuant to the amended and restated investor rights agreement, and the expected closing date for the investment . Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "plans", "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient financing in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-announces-further-investment-and-entry-into-a-new-investor-rights-agreement-with-rio-tinto-301998673.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2023/28/c7195.html

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Avrupa Minerals Updates Drilling Results at the Sesmarias VMS target, Alvalade JV, Portugal

Avrupa Minerals Updates Drilling Results at the Sesmarias VMS target, Alvalade JV, Portugal

(TheNewswire)

Avrupa Minerals Ltd.

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Trailbreaker Resources Reports Rock Samples Up to 42.1 g/t Au and 1.93% Cu and Expands Geochemical Trend to 3-Km at Castle Rock Property

Trailbreaker Resources Reports Rock Samples Up to 42.1 g/t Au and 1.93% Cu and Expands Geochemical Trend to 3-Km at Castle Rock Property

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to report geochemical results from the 2023 surficial exploration program at their Castle Rock property on northern Vancouver Island, British Columbia (BC).

Highlights from the surficial exploration program include:

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