/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN
THE UNITED STATES OR FOR
DISTRIBUTION TO U.S. WIRE SERVICES./
KELOWNA,
BC, Dec. 16, 2024 /CNW/ - Metalex
Ventures Ltd. (TSXV: MTX) (the "Company") announces that it
will undertake a non-brokered private placement to raise gross
proceeds of up to $1,050,000 (the
"Offering").
The Offering will be comprised of flow through shares ("FT
shares") priced at $0.025 per FT
share. The proceeds are proposed to be used to incur "flow-through
critical mineral mining expenditures" as defined in the Income
Tax Act (Canada). The proceeds
will be used for the advancement of the Company's Quebec projects.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
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 state securities laws and may not be offered or sold within
the United States or to U.S.
Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
The securities issued pursuant to the Offering will be subject
to a four month hold period from the date of issue of the units.
The Offering remains subject to the acceptance of the TSX
Venture Exchange.
Signed,
Charles Fipke
Dr. Charles Fipke, CM
Chairman
FORWARD LOOKING STATEMENTS: Certain of the statements and
information in this press release constitute "forward-looking
statements" or "forward-looking information", including statements
regarding the expected use of proceeds of the private placement.
Further, any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "anticipates", "believes", "plans", "estimates",
"intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms
and similar expressions) are not statements of historical fact and
may be forward-looking statements or information. The Company's
forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this press release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements and information if
circumstances or management's assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Metalex Ventures Ltd.