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METALLIS ANNOUNCES $750,000 MILLION NON-BROKERED PRIVATE PLACEMENT

Newswire.ca - Mon Oct 7, 2024

VANCOUVER, BC, Oct. 7, 2024 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") announces a non-brokered placement (the "Financing") of up to $750,000. The Financing will consist of up to 5.77 million units at a price of $0.13 per unit. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant will entitle the holder to purchase one additional common share at a price of $0.18 per share for a 3-year period.

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