Metallis Resources Inc. Closes Private Placement
April 18, 2016
Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis
| s pleased to announce that it has closed its previously announced private | |
| placement (the "Private Placement") pursuant to which it has issued 2,100,000 Shares at a | |
| price of $0.06 per Share for aggregate gross proceeds of $126,000. |
All securities issued under the private placement are subject to a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
Proceeds from this private placement will be used for general working capital and advancing the Kirkham property.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information, please visit www.metallisresources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.