Robert Rosner reports
LUCKY MINERALS INC. ANNOUNCES INCREASE OF NON-BROKERED PRIVATE PLACEMENT
Lucky Minerals Inc. has
agreed to an increase of the gross proceeds to be raised pursuant to its previously announced non-brokered private
placement to up to $1.25-million from $750,000 as disclosed in the company's press
release dated Aug. 20, 2018. The private placement is being undertaken by the company concurrently with its
previously announced bought deal prospectus offering with Clarus Securities Inc. for gross proceeds of $2.5-million as disclosed in the same press release.
The terms of the private placement remain otherwise unchanged consisting now of the issuance of up to 8,333,333
units of the company at a price of 15 cents per unit. Each unit consists of one common share in
the share capital of the company and one common share purchase warrant of the company. Each
warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price
of 22 cents for a period of 24 months following the closing date of the private placement. Closing of the private
placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Securities to be issued pursuant to the private placement will
be subject to a statutory hold period of four months and a day from the date of issuance.
The company intends to use the net proceeds from the private placement for working capital and general corporate
About Lucky Minerals
Lucky Minerals is a venture-stage exploration company that is targeting a large-scale porphyry copper-gold-molybdenum system in southern Montana that could potentially host significant gold deposit. The company is
focused on its Emigrant Creek project, which covers a 15-square-kilometre area (six square miles) located in the core
of the mineralized and intensely altered Emigrant mining district. To date, 10 highly mineralized breccia pipes and
two porphyry targets exist within the company's property boundary.
We seek Safe Harbor.
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