The Offering will be comprised of a combination of non-flow-through units (the 'NFT Units') to be sold at a price of
Inomin intends to use the gross proceeds raised from the Offering for exploration and related programs on the Company's mineral properties including drilling at the Beaver-Lynx project in south-central
The entire gross proceeds from the issue and sale of the FT Units will be used for Canadian Exploration Expenses as such term is defined in paragraph (f) of the definition of 'Canadian exploration expense' in subsection 66.1(6) of the Tax Act, and 'flow through mining expenditures' as defined in subsection 127(9) of the Tax Act that will qualify as 'flow-through mining expenditures', and 'BC flow-through mining expenditures' as defined in subsection 4.721(1) of the Income Tax Act (
The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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Contact:
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Email: info@inominmines.com
Cautionary Note Regarding Forward-looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forwardlooking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, completion of the Offering, the use of proceeds from the Offering and the payment of finders' fees under the Offering.
These forwardlooking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the Company not receiving the necessary regulatory approvals in respect of the Offering; recent market volatility and the state of the financial markets for the Company's securities.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive the necessary regulatory approvals in respect of the Offering.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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