G Mining declares commercial production at Tocantinzinho gold mine in Brazil
The milestone was achieved following 30 consecutive days of operations.
(via TheNewswire)
Vancouver, British Columbia, September 3, 2024 – TheNewswire – 79 Resources Ltd. - CSE:SNR -(“79 Resources” or the "Corporation" or the “Issuer”) reports that it intends to amend its previously announced non-brokered common share unit financing (see news release, 79 Resources Ltd. Announces Financing, dated August 16, 2024)(the “Financing”) as herein described.
Having regard to the market-traded price of its securities, the Corporation will amend the warrant exercise price of the Financing from $0.10 to $0.05, the value of which remains a premium to the last traded price of the Corporation’s securities on its listed exchange.
All other terms of the proposed Financing remain unchanged.
If completed, the Corporation plans to use the proceeds of the Financing for working capital purposes.
In addition, if completed, either in part or in whole, the Financing will be subject to all applicable regulatory approvals and customary four-month hold periods on securities issued thereunder (as pursuant to applicable securities laws of Canada).
79 Resources may pay a 6% cash finder’s fee on certain subscriptions under the Financing, which excludes cash finder’s fees on subscriptions by Insiders (as that term is defined by securities laws) who may in turn participate for greater than 25% of the Financing.
About 79 Resources Ltd.
79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the Corporation seeks to acquire, explore and develop mineral exploration projects. For additional information, please visit www.79resources.com.
The Corporation is subject to various risks and uncertainties, including those risks and uncertainties set out in public filings made by the Issuer, such public filings and other important disclosures available through SEDAR+ (www.sedarplus.ca) and the Corporation’s Disclosure Hall on the CSE (https://thecse.com/listings/79-resources-ltd/#disclosure).
On Behalf of the Board of Directors
Nicholas Koo Chief Financial Officer
Email: [email protected] Tel: 604.687.2038
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest," "plan," "believe," "intend,", “intention” "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the number of securities issued, if any, under the Financing and the closing, if any, of the Financing, as well as the Corporation’s ability to sustain itself as a going-concern and/or a publicly listed entity. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
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