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Category Archives: Metallis

METALLIS PROVIDES UPDATE ON NICKEL TARGETS AT KIRKHAM PROPERTY

May 8, 2019 Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF) (the “Company” or “Metallis”) is pleased to provide an update on its Thunder North and other newly identified targets for magmatic Ni-Cu mineralization within its 100%-owned Kirkham Property in the prolific Eskay mining camp in northwest British Columbia.
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Metallis Arranges $4 Million Financing

Up to 1,670,000 Non Flow-through Units will be issued at $1.20 per Unit and up to 1,340,000 Flow-through Units will be issued at $1.50 per Flow-through Unit.  Each Non Flow-through Unit will consist of one common share of the Company and one-half of one non-transferable share purchase warrant.  Each Flow-through Unit will consist of one flow-through common share of the Company and one-half of one non-transferable non flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $1.65 per share for a period of 36 months following the closing of the financing.
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