/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TSX VENTURE EXCHANGE: FMAN
VANCOUVER, BC, March 25,
2022 /CNW/ - Freeman Gold Corp. (TSXV: FMAN)
(OTCQX: FMANF) (FSE: 3WU) ("Freeman" or the
"Company") is pleased to announce that a total of 19,130,804
common share purchase warrants of the Company (the
"Warrants") will be listed and posted for trading under the
symbol 'FMAN.WT' on the TSX Venture Exchange effective on or about
March 30, 2022.
The Warrants were issued pursuant to the Company's non-brokered
private placement consisting of the issuance of 38,261,617 units
(the "Units") that closed on November
29, 2021. Each Unit consisted of one common share of the
Company (each, a "Share") and one half of one Warrant, with
each whole Warrant entitling the holder thereof to purchase one
Share at a price of US$0.65 per Share
until November 29, 2026.
The Warrants are governed by a warrant indenture entered into by
the Company and Odyssey Trust Company, as warrant agent, dated
November 29, 2021 (the
"Indenture"). A copy of the Indenture is posted under the
Company's profile on www.sedar.com. For further details regarding
the Warrants, please refer to the Indenture.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), and may not be offered
or sold in the United States or to
the account or benefit of a U.S. person (as defined in Regulation S
under the U.S. Securities Act) or a person in the United States absent an exemption from the
registration requirements of the U.S. Securities Act and in
compliance with all applicable state securities laws.
About the Company
Freeman Gold Corp. is a mineral exploration company focused on
the development of its 100% owned Lemhi Gold property (the
"Project"). The Project comprises 30 square kilometres of
highly prospective land, hosting a near-surface oxide gold
resource. The pit constrained National Instrument 43-101 ("NI
43- 101") compliant mineral resource estimate is comprised of
749,800 oz gold ("Au") at 1.02 grams per tonne
("g/t") in 22.94 million tonnes (Indicated) and 250,300 oz
Au at 1.01 g/t Au in 7.83 million tonnes (Inferred). See the NI
43-101 technical report titled "Maiden Resource Technical Report
for the Lemhi Gold Project, Lemhi County,
Idaho, USA" with an effective date of June 1, 2021, and signing date of July 30, 2021, as prepared by APEX Geoscience
Ltd. and F. Wright Consulting Inc. available under the Company's
profile on SEDAR (www.sedar.com). The Company is focused on growing
and advancing the Project towards a production decision. The
technical content of this news release has been reviewed and
approved by Dean Besserer, P.Geo.,
VP Exploration of the Company and a Qualified Person as defined by
NI 43- 101.
On Behalf of the Company
William Randall
President and Chief Executive Officer
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.
Forward-Looking Statements: This press release contains
"forward‐looking information or statements" within the meaning of
Canadian securities laws, which may include, but are not limited to
statements relating to the listing of the Warrants and the
Company's future business plans. All statements in this release,
other than statements of historical facts that address events or
developments that the Company expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words "expects," "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or
"should" occur. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ from those in the
forward-looking statements. Such forward-looking information
reflects the Company's views with respect to future events and is
subject to risks, uncertainties, and assumptions. The reader is
urged to refer to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at
www.sedar.com for a more complete discussion of such
risk factors and their potential effects. The Company does not
undertake to update forward‐looking statements or forward‐looking
information, except as required by law.
SOURCE Freeman Gold Corp.