VANCOUVER, BC, Nov. 17,
2023 /CNW/ - Barsele Minerals Corp. (the
"Company" or "Barsele") (TSXV: BME) (OTC: BRSLF) is
pleased to announce the closing of a non-brokered private placement
(the "Offering"). The Offering consisted of the sale of
2,000,667 units of the Company (the "Units") at a price of
$0.15 per Unit for aggregate gross
proceeds of $300,100.
Each Unit consists of one common share of the Company (each, a
"Share") and one-half of one warrant (each whole warrant, a
"Warrant"). Each Warrant entitles the holder thereof to
acquire one Share at the price of $0.25 per Share until November 17, 2025. The Shares and Warrants
comprising the Units and any Shares issued upon the exercise of the
Warrants are subject to a statutory hold period which expires on
March 18, 2024.
The Company intends to use the proceeds from the Offering to
finance its continued exploration program in the Barsele Gold-VMS
Project area in Västerbottens Län, Northern Sweden and for general working
capital purposes.
In connection with the closing, Barsele will pay finder's fees
of $9,900 to Haywood Securities Inc.,
and $3,006 to Eventus
Capital. In total, the Company will pay $12,906 in finder's fees in connection with the
Offering. No insiders of the Company participated in the
Offering.
ABOUT BARSELE MINERALS CORP.
Barsele is a Canadian-based junior exploration company managed
by the Belcarra Group, comprised of highly qualified mining
professionals. Barsele's main property is the Barsele Gold Project
in Västerbottens Län, Sweden, a
joint venture with Agnico Eagle. An amended NI 43‐101 Technical
Report on the Barsele Project with an effective date of
February 21, 2019, was filed on
SEDAR+ on December 16, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope
President
FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements,
including statements with respect to use of proceeds of the
Offering and payment for finder's fees. These statements reflect
management's current estimates, beliefs, intentions and
expectations; they are not guarantees of future performance.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Such factors
include, among other things: risks and uncertainties relating to
exploration and development, the ability of the Company to obtain
additional financing, the need to comply with environmental and
governmental regulations, fluctuations in the prices of
commodities, operating hazards and risks, competition and other
risks and uncertainties, including those described in the Company's
financial statements, management discussion and analysis and/or
annual information form available on www.sedarplus.com. The risk
factors identified in such documents are not intended to represent
a complete list of factors that could affect the Company. Actual
results may differ materially from those currently anticipated in
such statements and the Company undertakes no obligation to update
such statements, except as required by law.
Neither 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.
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SOURCE Barsele Minerals Corp.
