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Private Placement: Inflection Resources (CSE:AUCU)

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The company is looking to raise gross proceeds of up to $3 million from the placement of up to 9,375,000 units priced at $0.32 per unit. The units consist of one share and one-half a warrant, with each full warrant exercisable at $0.50 for 24 months.

Additional Information:

Company: Inflection Resources
Website: http://www.InflectionResources.com
Stock Symbol: CSE: AUCU
Date Published: Apr 14, 2021
Transcript: Available

Video Transcript:

I’m Ashton Addison for Investmentpitch Media

Inflection Resources has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $3 million from the placement of up to 9,375,000 units priced at $0.32 per unit.

The units consist of one share and one-half a warrant, with each full warrant exercisable at $0.50 for 24 months.

The company’s shares, which began trading on the CSE on July 21, 2020, are currently trading at $0.33.

The company currently has 57.3 million shares outstanding with management and insiders holding 38%, along with strong institutional support from Resource Capital Funds at 9.47% and Sprott Inc at 3.66%.

The company, with 3 principal exploration initiatives in mining-friendly Australia, the Northern NSW Projects and Artificial Intelligence Projects in New South Wales and the Carron Gold Project in northern Queensland, is systematically drill testing its large portfolio of projects in New South Wales and Queensland.

The company is currently exploring for large gold and copper-gold deposits in the northern interpreted extension of the Macquarie Arc, part of the Lachlan Fold Belt in New South Wales.

The Macquarie Arc is Australia's premier porphyry gold-copper province being host to Newcrest Mining's Cadia deposits, the CMOC Northparkes deposits and Evolution Mining's Cowal deposits plus numerous exploration prospects including Boda, the recent discovery made by Alkane Resources.

The company is the biggest owner of exploration tenements and applications in the Macquarie Arc with more than 500,000 hectares, with all licenses 100% owned.

The New South Wales properties are well located in terms of infrastructure with paved roads, airports, power and accommodations.

The projects are located on barren bushland or large commercial farms providing cost effective exploration with no need for helicopters or remote camps.

For more information, please visit the company’s website www.InflectionResources.com, contact Brennan Zerb, Investor Relations Manager, at 778-867-5016 or by email at BZerb@InflectionResources.com.

I’m Ashton Addison for Investmentpitch Media