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METALLIS INCREASES NON-BROKERED PRIVATE PLACEMENT TO $851,500

Newswire.ca - Wed Oct 9, 2024

VANCOUVER, BC, Oct. 9, 2024 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") announces that due to high demand, it has upsized the offering of its non-brokered placement (the "Financing") first announced on October 7, 2024, from 5.77 million units to 6.55 million units, raising the potential gross proceeds from $750,000 to $851,500. The Financing will consist of up to 6.55 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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