November 21, 2016 / Vancouver, BC / NRG Metals Inc. (the “Company”) (TSX-V: NGZ) (OTC Pink GPOFF) (Frankfurt OGPN), announces that further to its news releases of September 21, 2016, it wishes to increase the previously announced private placement of units from 10,000,000 units at $0.10 to up to 12,500,00 units at $0.10 for total gross proceeds of up to $1,250,000.
Each unit will comprise one common share and one transferable common share purchase warrant exercisable for a period of two years at an exercise price of $0.20 per share, provided that in the event that the closing price of the Company’s common shares on the TSX Venture Exchange is $0.40 or greater per common share during any 20 consecutive trading day period at any time subsequent to four months and one day after the closing date, the warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the warrantholders, and the warrantholder will have no further rights to acquire any common shares of the Company under the warrant.
On Behalf of the Board of Directors,
President, CEO and Director
The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this news release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this news release. We seek safe harbor.