Vancouver, BC – May 20, 2021, Optimum Ventures Ltd (“Optimum” or the “Company”)
(TSX.V:OPV; OTCQB:OPVLF) announces a non-brokered private placement (the “Placement”) of up to 10,000,000 units (the Units”) at a price of $0.26 per Unit for total gross proceeds of up to $2,600,000. A finder’s fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange.
Each Unit will consist of one common share of the Company and one half of one share purchase warrant. Each whole warrant (a “Warrant”) will be exercisable to purchase one additional common share of the Company at a price of $0.35 for a period of two years following closing.
All securities issued pursuant to the offering are subject to a hold period of four months and a day from the date of the closing. The net proceeds from the offering are intended to be used for the exploration of the company’s Premier South project area property near Hyder, Alaska, and general working capital expenses. Completion of the offering is subject to final TSX Venture Exchange approval.
Optimum Ventures Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Its properties and projects are all located in the extensions of the “Golden Triangle” area of northern British Columbia into Alaska. For more information visit www.optimumventures.ca.
ON BEHALF OF THE BOARD OF OPTIMUM VENTURES LTD.
Ed Kruchkowski, Director