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VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) — Reflex Superior Supplies Corp. (CSE:RFLX) (OTCQB:RFLXF) (FSE:HF2) (“Reflex” or the “Firm”) is happy to announce that it has closed a primary tranche of its beforehand introduced non-brokered personal placement financing (the “Non-public Placement”) for mixture gross proceeds of CAD$575,000. Pursuant to the Non-public Placement, the Firm issued 5,750,000 models (every, a “Unit”) at a worth of CAD$0.10 per Unit. Every Unit consists of 1 (1) frequent share (every, a “Share”) and one (1) frequent share buy warrant (every, a “Warrant”). Every Warrant is exercisable into one (1) Share at an train worth of CAD$0.15 till January 4, 2026.
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The Firm intends to make use of the online proceeds raised from the Non-public Placement to undertake superior exploration and growth actions on the Ruby Graphite Mission and for basic working capital. All securities issuable in reference to the Non-public Placement are topic to a statutory maintain interval in accordance with relevant securities legal guidelines of 4 months and at some point from the date of difficulty, expiring on Might 5, 2024. No finders charges have been paid in reference to the closing of the primary tranche.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities in the USA, nor shall there be any sale of the securities in any jurisdiction through which such supply, solicitation or sale could be illegal. The securities being provided haven’t been, nor will they be, registered underneath the U.S. Securities Act of 1933, as amended (the “1933 Act”), or underneath any U.S. state securities legal guidelines, and might not be provided or bought in the USA absent registration or an relevant exemption from the registration necessities of the 1933 Act and relevant state securities legal guidelines.
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ON BEHALF OF THE BOARD OF DIRECTORS
Paul Gorman
CEO & Director
Reflex Superior Supplies Corp.
Suite 915 – 700 West Pender Road
Vancouver, BC V6C 1G8
Canada
Tel: (778) 837-7191
E-mail: data@reflexmaterials.com
About Reflex Superior Supplies
Reflex Superior Supplies Corp. is a mineral exploration firm primarily based in British Columbia. Its goal is to find and, if warranted, develop financial mineral properties within the strategic metals and superior supplies house. It’s centered on enhancing home specialty mineral infrastructure efficiencies to fulfill surging nationwide demand by North American producers. The Firm is working to advance its Ruby Graphite Mission, situated in Beaverhead County, Montana, and ZigZag Property, situated in Thunder Bay Mining Division, Crescent Lake Space, Ontario.
For extra info, please evaluation the Firm’s filings accessible at www.sedarplus.ca and go to the Firm’s web site at www.reflexmaterials.com.
Ahead-Trying Statements
This information launch accommodates sure “forward-looking info” and “forward-looking statements” (collectively “forward-looking statements”) throughout the that means of relevant securities laws. Ahead-looking statements are ceaselessly, however not all the time, recognized by phrases resembling “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “potential”, and comparable expressions, or statements that occasions, circumstances, or outcomes “will”, “might”, “may”, or” ought to” happen or be achieved. All statements, aside from statements of historic reality, included herein, with out limitation, statements referring to the closing of the Non-public Placement, the receipt of all mandatory regulatory and different approvals, and using proceeds from the Non-public Placement are forward-looking statements. There may be no assurance that such statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements replicate the beliefs, opinions and projections on the date the statements are made and are primarily based upon quite a lot of assumptions and estimates that, whereas thought of affordable by Reflex, are inherently topic to important enterprise, financial, aggressive, political and social uncertainties and contingencies. Many components, each recognized and unknown, may trigger precise outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates primarily based on or associated to many of those components. Such components embrace, with out limitation, the power to finish exploration work, the outcomes of exploration, continued availability of capital, and adjustments normally financial, market and enterprise circumstances. Readers mustn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding this stuff. Reflex doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they modify, besides as required by relevant securities legal guidelines.
The Canadian Securities Change has not reviewed, authorized or disapproved the contents of this press launch, and doesn’t settle for duty for the adequacy or accuracy of this launch.
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