Marimaca Copper Files Preliminary Base Shelf Prospectus
December 14 2020 - 9:31AM
Marimaca Copper Corp. (“Marimaca Copper” or the
“Company”) (TSX: MARI) announced today it
has filed a preliminary short form base shelf prospectus with the
securities regulators in each province of Canada, except for the
Province of Quebec. When made final, the prospectus will allow the
Company to offer up to $100 million of common shares, warrants,
units, subscription receipts or any combination thereof
(“Securities”) during the 25 month period that the shelf prospectus
is effective. The specific terms of any offering of Securities,
including the use of proceeds from any such offering, will be set
forth in a shelf prospectus supplement.
Marimaca Copper has filed the shelf prospectus
in order to provide the Company with greater financial flexibility
going forward, but has no immediate plans to offer or issue any
Securities at this time.
The shelf prospectus filed with the Canadian
securities regulators has not been made final. Securities may not
be sold pursuant to the shelf prospectus prior to the prospectus
becoming final. A copy of the preliminary short form base shelf
prospectus can be found on SEDAR at www.sedar.com.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of the Securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to qualification or
registration under the securities laws of any such jurisdiction.
This news release does not constitute an offer of securities for
sale in the United States. The Securities have not been, nor will
they be, registered under the United States Securities Act of 1933,
as amended, and such Securities may not be offered or sold within
the United States absent registration under U.S. federal and state
securities laws or an applicable exemption from such U.S.
registration requirements.
Contact InformationFor further information
please visit www.marimaca.com or contact:
Tavistock+44 (0) 207 920
3150Jos Simson/Emily Mossmarimaca@tavistock.co.uk
Forward Looking Statements
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. These statements relate to future events or the
Company’s future performance, business prospects or opportunities.
Forward-looking statements include, but are not limited to, the
anticipated use of the net proceeds from the sale of the
Securities, anticipated advancement of the Company’s Marimaca
Project and future exploration and development plans of the
Company. Actual future results may differ materially. There can be
no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by Marimaca Copper, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: risks related to
share price and market conditions, the inherent risks involved in
the mining, exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, the availability of and costs of financing
needed in the future as well as those factors disclosed in the
annual information form of the Company dated April 8, 2020, the
preliminary short form base prospectus and other filings made by
the Company with the Canadian securities regulatory authorities
(which may be viewed at www.sedar.com). Accordingly, readers should
not place undue reliance on forward-looking statements. Marimaca
Copper undertakes no obligation to update publicly or otherwise
revise any forward-looking statements contained herein whether as a
result of new information or future events or otherwise, except as
may be required by law.
Neither the Toronto Stock Exchange nor the
Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
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