Mainstream Minerals Announces Closing of Private Placement

Toronto, Ontario–(Newsfile Corp. – January 16, 2019) – Mainstream Minerals Corporation (the “Company“) announces that it has closed its previously announced private placement for aggregate gross proceeds of $500,000 through the issuance of 50,000,000 common shares (“Common Shares“) of the Company at a price of $0.01 per Common Share (the “Offering“).

The transaction constituted a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101“) as an insider of the Company subscribed for an aggregate of 2,750,000 Common Shares pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

All Common Shares issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

For further information, please contact:

Lisa McCormack
President & Chief Executive Officer
Tel: 416-361-2515
Email: lmccormack@irwinlowy.com

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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Quaterra Announces Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 15, 2019) – Quaterra Resources Inc. (the “Company” or “Quaterra”) plans to issue up to 3,000,000 common shares in a non-brokered private placement at a price of $0.05 per common share for gross proceeds of $150,000.

Net proceeds from the private placement are proposed to be used for advancing the Company’s Yerington project in Nevada, and general and administrative purposes.

Finders’ fees and commissions may be payable with respect to the subscriptions accepted by the Company. The private placement is subject to TSX Venture Exchange approval.

On behalf of the Board of Directors,

Thomas Patton
Chairman and CEO
Quaterra Resources Inc.

For more information please contact:
Gerald Prosalendis, President & COO, Quaterra Resources Inc.
250-940-3581

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Quaterra Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Portofino Increases Oversubscribed Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 11, 2019) – PORTOFINO RESOURCES INC. (TSXV: POR) (FSE: POT) (“Portofino” or the “Company”) announces that due to strong interest in its previously announced financing it has increased its non-brokered private placement from $500,000 to up to $600,000 priced at $.055/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.08.

Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period. The Company contemplates that various exemptions will be utilized pursuant to this financing including the suitability advice exemption (B.C. Instrument 45-536). There is no material fact or material change that has not been generally disclosed.

Proceeds from this financing shall be used by the Company for exploration on its lithium projects which are strategically located within the province of Catamarca, Argentina, and for general corporate purposes.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on acquiring, exploring and developing mineral resource projects in the Americas. The Company maintains an interest in several prospective lithium salar properties located within the world-renowned “Lithium Triangle” in Argentina.

On Behalf of the Board,

“David G. Tafel”
Chief Executive Officer

For Further Information Contact:
David Tafel
CEO, Director
604-683-1991

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward- looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

SilverCrest Closes Private Placement With COO

Vancouver, British Columbia–(Newsfile Corp. – January 11, 2019) –  SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) (“SilverCrest” or the “Company”) reports that the non-brokered private placement announced December 17, 2018 with Pierre Beaudoin has completed. The private placement is comprised of 100,000 units at a price of Cdn$2.92 per unit for gross proceeds of Cdn$292,000. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant exercisable for one common share of SilverCrest at a price of Cdn$4.03 per share for a term of two years. No commissions or finder’s fees were paid in connection with this placement.

As Mr. Beaudoin is the Chief Operating Officer of the Company, the placement constitutes a “related party transaction”, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in respect of related party participation.

A material change report was not filed more than 21 days prior to closing of the placement due to the timing of the announcement and closing occurring in less than 21 days.

The shares and warrants issued under the private placement and the shares issuable upon exercise of the warrants are subject to a hold period that expires on May 11, 2019.

Net proceeds from the private placement will be used for general working capital purposes.

NO U.S. REGISTRATION

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States.

ABOUT SILVERCREST METALS INC.

SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metals mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
CEO
SilverCrest Metals Inc.

For Further Information:

SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Argo Gold Announces Closing of Private Placement of Units and Flow-Through Shares as well as Exploration Plans, Drill Program and Corporate Updates

Toronto, Ontario–(Newsfile Corp. – January 10, 2019) –  Argo Gold Inc. (“Argo Gold” or the “Company“) (CSE: ARQ) is pleased to announce that it has closed its previously announced private placement through the issuance of 1,725,555 units (“Units“) at the price of $0.18 per Unit and 3,986,500 flow through shares (“Flow Through Shares“) at the price of $0.22 per Flow Through Share.

To date the Company has raised an aggregate of $1,187,629.90 through the issuance of Units and Flow-Through Shares pursuant to the offering. In connection with the offering the Company has paid finder’s fees of $81,274.10 cash and issued an aggregate of 388,955 warrants (“Broker Warrants“). Each Broker Warrant entitles the holder thereof to purchase one common share (each, a “Common Share“) at an exercise price of $0.25 per Common Share for a period of twelve (12) months from the date of issuance. All securities issued in connection with the offering are subject to a four month statutory hold period.

The gross proceeds from the Flow-Through Share offering will be used for Canadian Exploration Expenses, and will qualify as “flow-through mining expenditures”, as defined in the Income Tax Act (Canada). The Company has scheduled a meeting of its technical committee for January 14, 2019. The purpose of this meeting is to finalize the exploration plans and the drill program previously outlined in November 2018, focusing on the flagship Woco Gold Project located west of Uchi Lake in the Red Lake Mining District of Ontario. The Woco Gold Project is just 75 kilometres east of the Great Bear Resources Dixie Project, with both projects having high-grade mineralization in the Confederation volcanics proximal to a major regional structure.

The Company is continuing its search for a Chief Executive Officer and expects to find a suitable replacement in the near future.

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is focused on gold exploration projects in central and northwestern Ontario. Argo Gold’s website is www.argogold.ca.

For more information please contact:

Paul Poggione
Corporate Development
(613) 277-1989
paul@argogold.ca 

or 

Ken Storey
Chief Financial Officer
(905) 301-3404
kj.storey@argogold.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

Ynvisible Closes Private Placement

Vancouver, British Columbia–(Newsfile Corp. – January 10, 2019) – Ynvisible Interactive Inc. (TSXV: YNV) (OTCQB: YNVYF) (the “Company” or “Ynvisible“) announces that it has closed a non-brokered private placement of 3,339,200 units of the Company (the “Units“) at $0.30 per Unit for gross proceeds of $1,001,760 (the “Offering“).

Each Unit consists of one common share in the capital of the Company (a “Share“) and one-half of a share purchase warrant (the “Warrant“). Each whole Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.60 per Warrant Share for a period of three years from the closing of the Offering.

If at any time commencing 4 months from the date the Warrants are issued, if for the preceding 7 consecutive trading days, the daily volume weighted average trading price of the Company’s shares is greater than $0.75, in which case the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th calendar day after the date of such notice (“Accelerated Expiry“).

The Company has paid eligible finders a cash commission in the aggregate amount of $12,443.97 on the Offering within the amount permitted by the policies of the TSX Venture Exchange (the “Exchange”). In addition, 166,553 Shares were issued to eligible finders and 83,276 non-transferable finder’s warrants were issued to eligible finders to purchase an aggregate of 83,276 units of the Company (the “Finder’s Units“). Each Finder’s Unit consists of one Share and one-half of a Warrant. Each Warrant will entitle the holder to purchase a Warrant Share at a price of $0.60 per Warrant Share for a period of three years from the closing of the Offering, subject to Accelerated Expiry.

All securities issued under the Offering are subject to a statutory hold period ending on May 10, 2019 in accordance with applicable Canadian securities laws. The proceeds of the Offering will be used for general working capital.

For additional information, please contact the Company at 1-604-788-2810.

www.ynvisible.com

Twitter: www.twitter.com/ynvisible @ynvisible

Facebook: www.facebook.com/ynvisible

Instagram: @ynvisibleinteractive

LinkedIn: www.linkedin.com/company/ynvisible/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jani-Mikael Kuusisto”

Chief Executive Officer

Goldsource Mines Announces Increased Private Placement of up to Cdn$1.3 Million

Vancouver, British Columbia–(Newsfile Corp. – January 10, 2019) – Goldsource Mines Inc. (TSXV: GXS) (FSE: G5M) (“Goldsource” or the “Company”) is pleased to announce that, due to demand from potential investors, its non-brokered private placement announced on December 4, 2018 has been increased by Cdn$300,000 (or 6,000,000 Units) to up to 26,000,000 Units at a price of Cdn$0.05 per Unit for gross proceeds of up to Cdn$1,300,000 (the “Offering”). Each Unit will consist of one common share and one common share purchase warrant of Goldsource, with each warrant being exercisable for one common share of Goldsource at a price of Cdn$0.09 for a term of 2 years.

The terms of the Offering and the Units, the proposed use of proceeds, possible finders’ fees, and some anticipated insider placees are otherwise as previously disclosed.

The Offering is subject to regulatory approval and closing will occur as soon as practicable following the receipt of all applicable approvals.

NO U.S. REGISTRATION
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States.

Ioannis (Yannis) Tsitos
President & Director
Goldsource Mines Inc.

For Further Information:

Goldsource Mines Inc.
Contact: Ioannis (Yannis) Tsitos, President
Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1760
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1760 (Canada & USA)
Email: info@goldsourcemines.com
Website: www.goldsourcemines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

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.

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. Such forward-looking statements concern the proceeds from the Offering and the intended use of proceeds. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the availability of funds; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES