TORONTO, Jan. 30, 2023 (GLOBE NEWSWIRE) — Madison Metals Inc. (the “Firm” or “Madison”) (CSE: GREN) (OTCQB: MMTLF) is happy to announce the train of all remaining warrants with an expiration of January 26, 2023, for a complete train of 3,832,154 warrants at a strike value of CAD$0.35, including a complete of CAD$1,341,253.90 to the Firm treasury.
“I wish to thank our current shareholders for his or her continued help of Madison Metals. We’re happy so as to add this capital to the Firm’s already sturdy treasury, and we’re tremendously excited for the way forward for the corporate. Madison is stronger immediately than it was six months in the past and we now have managed to maintain dilution to a minimal, having solely 23,810,150 shares issued and excellent,” stated Duane Parnham, Govt Chairman and CEO of Madison Metals.
Moreover, in reference to the appointment of Ryan Thompson as Chief Technique Officer, Madison grants 75,000 shares of frequent inventory in accordance with the Firm’s settlement with Mr. Thompson.
Additional, in reference to the appointment of Canadian investor relations agency Investor Cubed Inc. (“Investor Cubed”), Madison grants 75,000 shares of frequent inventory in accordance with the Firm’s settlement with Investor Cubed.
Madison has additionally granted 500,000 inventory choices to administration and consultants at CAD$0.55 in accordance with the Firm’s inventory choice plan. The choices carry a time period of 5 years and vest instantly.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) is an upstream mining and exploration firm centered on sustainable uranium manufacturing in Namibia and Canada. Utilizing cutting-edge applied sciences and trendy methods, Madison Metals Inc. is positioned to maneuver superior uranium property to market rapidly.
With over 50 years of mining expertise, together with 22 years in Namibia, its administration crew has geological and monetary experience and a observe document of making shareholder worth.
Extra details about Madison Metals Inc. may be discovered at madisonmetals.ca and on the Firm’s SEDAR profile at www.sedar.com.
For additional info, please contact:
Duane Parnham
Govt Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
[email protected]
| Media inquiries: | Investor/shareholder inquiries: |
| Adam Bello | Neil Simon |
| Supervisor, Media & Analyst Relations | Chairman & CEO |
| Primoris Group Inc. | Investor Cubed Inc. |
| +1 (416) 489-0092 | +1 (647) 258-3310 |
| [email protected] | [email protected] |
Neither the Canadian Securities Trade nor the Funding Trade Regulatory Group of Canada accepts accountability for the adequacy or accuracy of this launch.
Ahead-looking Statements
This launch incorporates “forward-looking statements” inside the that means of relevant Canadian securities laws. Ahead-looking statements embrace, however should not restricted to, statements concerning the timing and quantity of estimated future exploration and the anticipated use of funds by the Firm that have been obtained from the Placement.
Typically, forward-looking statements may be recognized by way of forward-looking terminology equivalent to “plans”, “expects” or “doesn’t count on”, “is predicted”, “funds”, “schedule”, “estimates”, “forecasts”, “intends”, “proceed”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “may”, “would”, “will”, “may” or “can be taken”, “happen” or “be achieved”. Ahead-looking statements are made primarily based upon sure assumptions and different vital information that, if unfaithful, may trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from future outcomes, performances or achievements expressed or implied by such statements. Such statements and data are primarily based on quite a few assumptions concerning current and future enterprise methods and the surroundings wherein the Firm will function sooner or later.
Sure vital elements that would trigger precise outcomes, performances or achievements to vary materially from these within the forward-looking statements embrace, amongst others, forex fluctuations, the worldwide financial local weather, dilution, share value volatility, competitors, labour shortages, and unanticipated bills of the Firm. Ahead-looking statements are topic to identified and unknown dangers, uncertainties and different vital elements that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Firm to be materially completely different from these expressed or implied by such forward-looking statements, together with however not restricted to: the influence the COVID 19 pandemic could have on the Firm’s actions and the economic system basically; the influence of the restoration submit COVID 19 pandemic and its influence on valuable metals; receipt of needed approvals; basic enterprise, financial, aggressive, political and social uncertainties; future steel costs; accidents, labour disputes and shortages; environmental dangers; and different dangers of the mining trade.
Though the Firm has tried to establish vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements.
You could find additional info with respect to those and different dangers in filings made with the Canadian securities regulatory authorities which can be accessible on the Firm’s SEDAR profile web page at www.sedar.com. The Firm disclaims any obligation to replace or revise these forward-looking statements, besides as required by relevant legislation.
