(via TheNewswire)
Non-Brokered Private Placement
The Company intends to issue, pursuant to a non-brokered private placement, up to 10,000,000 units (“Units”) of the Company at a price of
Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (a “Warrant”).
Each Warrant will entitle the holder to acquire one Common Share (each, a “Warrant Share”) at an exercise price of
Closing of the Offering is expected to occur as soon as practicable and prior to
The Company is also pleased to announce it has executed an amendment agreement to amend the option agreement dated
“We are immensely grateful for the unwavering support of
“We are pleased to support Heritage as they actively advance the district-scale and high-grade Drayton-Black Lake project. We look forward to upcoming results and the announcement of their 2024 exploration campaigns.” commented
OJEP Approval
The
“We would like to thank the
“It is our government’s role to create ideal business conditions to attract investment, optimize competitive advantages and enable Ontario’s mining sector to do what it does best.
Programs like OJEP help early exploration companies such as
OJEP helps junior mining companies finance early exploration projects in
mineral exploration, growth and job creation in the province.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in
For further information, please contact:
Heritage Mining Ltd.
President, CEO and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
Investor Relations
Investor
Email: nsimon@investor3.ca
Telephone: (647) 258-3310
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements 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 “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update anyforward looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
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