66 RESOURCES CORP. Announces Closing of a Private Placement of $517,537
200 – 551 Howe Street
Vancouver, B.C. V6C 2C2
News Release
66 RESOURCES CORP. Announces Closing of a Private Placement of $517,537
May 31, 2019 – 66 Resources Corp. (CSE: SXX) 66 Resources Corp. (the "Company") announces closing of a non-brokered private placement of $517,537 by the issue of 6,900,497 units at a price of $0.075 per unit (“Unit”). Each Unit is composed of one common share (“Share”) and one Share purchase warrant (“Warrant”) to purchase one additional Share at a price of $0.075 for a period of two years expiring May 31, 2021. The Company paid a finder’s fee of $7,166.25 and issued 95,550 Warrants to the finder.
The Shares and any Shares issued upon the exercise of Warrants will have a hold period expiring October 1, 2019.
The proceeds will be used to fund general working capital.
FOR FURTHER INFORMATION PLEASE CONTACT: Michael Dake, Chief Executive Officer, at
Suite 200 – 551 Howe Street, Vancouver, BC, V6C 2C2.
Telephone: 604 – 788-0488 Email: [email protected].
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this release are forward-looking statements, which reflect assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated May 23, 2018 and filed under the Company’s profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward looking-looking statements or forward looking information, except as required by law.