C3 Metals receives $2.8M from warrant exercises

Mar 29, 2021

2021-03-29 10:04 ET – News Release

Mr. Kevin Tomlinson reports

C3 METALS ANNOUNCES WARRANT AND STOCK OPTION EXERCISES

C3 Metals Inc., during the period from mid-January to date, a total of 23,440,751 warrants and 8.06 million stock options were exercised resulting in cash proceeds to the company of approximately $2.8-million. These proceeds, in addition to the $7.4 million of gross proceeds raised in the Company’s private placement financing closed on February 18, 2021, have resulted in the Company currently holding approximately $10.3 million in cash.

Kevin Tomlinson, CEO, commented, “The Company greatly appreciates the vote of confidence from existing shareholders who have increased their shareholdings through warrant and option exercises. We are now fully funded for both our ongoing Phase 1 and planned Phase 2 drilling campaigns at our Jasperoide, Peru project.”

ABOUT C3 METALS INC.

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company’s flagship project is the 5,700-hectare Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207 km2 of highly prospective copper-gold terrain in Jamaica, a 100% interest in two porphyry copper-gold properties, with one under option to Tocvan Ventures, covering 304 km2 within the Cascade Magmatic Arc in southwestern British Columbia and a 100% interest in the 46 km2 Stewart Brook gold project in the Meguma gold belt of Nova Scotia.

We seek Safe Harbor.

https://www.c3metals.com/