Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Private Placement”), pursuant to which it has issued 1,340,769 shares of the Corporation at a price of $0.13 per share for aggregate gross proceeds of $174,300.
The securities issued under the private placement will be subject to a hold period expiring on August 30, 2014 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange. Nor will any finder’s fees be paid for these amounts.
Proceeds of the Private Placement will be used to fund exploration of the Company’s Kirkham Property and for general corporate purposes.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information, please visit www.metallisresources.com.
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.