March 3, 2015
Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”), pursuant to which it has issued 1,060,000 units of the Corporation, at a price of $0.10 cents per unit, for aggregate gross proceeds of $106,000. Each unit consists of one common share of the Company and one-half (1/2) share purchase warrant. Each full warrant is exercisable for a period of two years from today’s date, for the purchase of one additional share at the price of $0.20 per share.
The securities issued under the Private Placement will be subject to a hold period expiring on June 26, 2015 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange. Finder’s fees have been paid in the amount of $2,250. Approximately $30,000 was placed by directors and an officer of the Company.
Proceeds of the Private Placement will be used for general corporate purposes.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information:
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. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.