(via TheNewswire)
SRG to
and Downstream Processing Strategy
Subject to final due diligence, execution of definitive documentation, and approval from La Mancha’s
Upon receipt of the proceeds, SRG will have cash and cash equivalents of approximately
SRG will work closely with La Mancha, during the development phase of the project, to ensure the Fund’s continued participation in subsequent financings to advance SRG towards production.
“We are confident that La Mancha shares our development vision and has the experience and access to financial resources to help us develop our large-scale
The Fund’s investment into SRG is subject to La Mancha’s and the Fund manager’s internal approval processes, execution of definitive documentation, approval by the
Upon closing of the private placement, SRG will grant the Fund or its affiliate certain investor rights under an investor rights agreement. Among key provisions, the Fund or its affiliate will have the right to nominate two directors to SRG’s board. In addition, the Fund or its affiliate will be granted anti-dilution rights to enable it to maintain its SRG ownership at 19.9%.
About the Fund and La Mancha
The Fund is a Luxembourg-based deep value fund focused on investments in the precious metals and energy transition space. La Mancha advises theFundon strategic investments made in publicly listed and private exploration, royalty and mining companies with a global outlook. La Mancha is a long-term minded investor, with a mandate to support mining companies to achieve sustained growth by providing long-term equity capital as well as operational and board level expertise, to further portfolio company performance and expansion.
La Manchais an Appointed Representative of
About
For additional information, please visit SRG’s website atwww.srgmining.comand La Mancha’s website atwww.lamancha.com
Contact:
President & CEO | Partner & co-CIO | |
Email:m.bos@srgmining.com | Email: vincent.benoit@lamancha.com |
SRG Mining Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8 W1K 4PS
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature mayconstitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “intend”, “advance”, “develop”, “ensure”, “confident”, “create”, “potential”, “believe”, or variations of such words and phrases or state that certain actions, events or results “will”, “may”, “could”, “would” or “might” occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) La Mancha Fund SCSp’s investment in
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
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