Cornish Metals Announces Proceeds of $670,400 From Exercise of Warrants
January 25 2021 - 8:00AM
Cornish Metals Inc. (TSX-V: CUSN) (“Cornish
Metals” or the “Company”) is pleased to announce that Barkerville
Gold Mines (“Barkerville”), a wholly owned subsidiary of Osisko
Development Corp (TSX-V:ODV), has exercised 9,577,143 previously
issued common share purchase warrants for gross proceeds of
$670,400 to the Company. Such warrants were issued pursuant to
the Company’s private placement financing completed on February 3,
2020.
As a result of the exercise, Barkerville now
owns 53,833,333 common shares of the Company, representing 35.97%
of the issued capital Cornish Metals.
ON BEHALF OF THE BOARD OF
DIRECTORS
“Richard D. Williams”Richard D. Williams,
P.Geo
Neither the 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.
For additional information please contact:
In North America:
Irene Dorsman at (604) 210 8752 or by e-mail at irene@cornishmetals.com or Sherman Dahl of Pretium Communications at (250) 558 8340
In the UK and Europe:
Blytheweigh (Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe tim.blythe@blytheweigh.com
Megan Ray megan.ray@blytheweigh.com
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