EV Minerals Closes Final Tranche of Private Placement

EV Minerals
January 22, 2024
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TORONTO, ONTARIO – January 22, 2024 EV Minerals Corporation (the "Company" or "EV") (CSE: EVM) is pleased to announce that further to its press release of November 15, 2023, December 20, 2023, and December 29, 2023, the Company has successfully completed the second and final tranche of its non-brokered private placement through the issuance of 1,082,433 units (each, a“Unit”) at a price of $0.10 per Unit for gross proceeds of $108,243 (the“Offering”). The aggregate gross proceeds raised pursuant in the Offering was $427,243 through the issuance of 4,272,433 Units.

Each Unit is comprised of one common share (each, a “Common Share”) in the capital of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder there of to acquire one Common Share in the capital of the Company at a price of $0.12 per Common Share for a period of twelve (12) months from date of issuance.

The proceeds of the Offering will be used for continued exploration of the Company’s Nickel-Copper-Cobalt property located in Quebec, as well as for general capital working purposes.

In connection with the Offering, the Company paid certain eligible finders an aggregate of $3,500 and issued an aggregate of 35,000 finder’s warrants (each, a “Finder’s Warrant”) to such finders. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at a price of $0.10 per Common Share until that date that is twelve (12) months from the date of issuance.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information, please contact:


Nicholas Konkin



416-642-1807 Ext 305


About EV Minerals Corporation


EV Minerals Corporation is a Canadian exploration company focused on mineral exploration and development. The current focus is the EV Nickel Project, host of the nickel-copper-cobalt McNickel deposit. The Project is comprised of 32 mineral claims covering approximately 1,792 hectares located in the Saguenay Mining district in the Province of Quebec. Containing a historical resource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co (NI 43-101 non-compliant resource), the deposit was first discovered in 1987 with a major drilling program completed in 1989.


The foregoing historical resource estimates presented above were completed prior to the implementation of the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects; however, given the quality of the historic work completed and the respective mining companies’ reputations, the Company believes the historical resource estimates to be both relevant and reliable. A Qualified Person has not completed sufficient work to classify these historic mineral resources as current mineral resources; and the Company is not treating the historic resources as current.


This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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