American Marconi Wireless News - Molten Metals Corp. Announces Flow-Through Financing

The Offering will consist of up to 600,000 FT Units at a price of $0.50 per FT Unit. Each FT Unit will be comprised of one common share of the Company issued on a flow-through basis (a "Flow-Through Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.60 per share for a period of twenty-four (24) months from the date of issuance.

In connection with the Offering, the Company may pay eligible finders a cash finder's fee of up to 7% of the gross proceeds raised under the Offering, as well as finder's warrants equal to 7% of the number of FT Units sold. Each finder's warrant will be exercisable on the same terms as the Warrants issued pursuant to the Offering.

The gross proceeds from the sale of the Flow-Through Shares will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada), to be renounced to subscribers with an effective date no later than December 31, 2025.

Closing of the Offering is subject to receipt of all required regulatory approvals, including approval of the Canadian Securities Exchange. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.

The securities issued under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be unlawful.

About Molten Metals Corp.

Molten Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality properties that are drill-ready with high upside and expansion potential.

For Additional Information, Please Contact:

Rishi Kwatra, Chief Executive Officer
Molten Metals Corp.
604.760.3999
[email protected]

Forward-looking statements:

This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation, including, without limitation, statements respecting the Offering, the anticipated use of proceeds therefrom, and the timing and completion of the Offering. Such forward-looking information reflects management's current beliefs and is based on a number of estimates, assumptions, and information currently available to the Company, which, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that forward-looking information is neither a promise nor a guarantee of future performance and is subject to risks and uncertainties including, but not limited to, general business, economic, competitive, political, and social uncertainties; uncertain and volatile equity and capital markets; availability of financing; actual results of exploration activities; environmental risks; future prices of base and other metals; operational risks; accidents; labour issues; delays in obtaining governmental approvals or permits; and other risks inherent in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Molten Metals Corp.

View the original press release on ACCESS Newswire

M.A.Colin--AMWN