Reflex Advanced Materials Corp. Announces Financing for Up to $1M

VANCOUVER, British Columbia, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE:RFLX), (OTCQB:RFLXF), (FSE:HF2) (“Reflex” or the “Company”) is pleased to announce a non-brokered private placement of units (“Units”) at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the “Offering”).

Each Unit will be comprised of one common share of the Company (each, a “Share”) and one common share purchase warrant of the Company (each, a “Warrant”), with each Warrant exercisable to acquire one common share of the Company (each, a “Warrant Share”) at a price of $0.15 per Warrant Share for a period of twenty-four months from the date of issuance. The Company intends to use the net proceeds raised from the Offering to undertake advanced exploration and development activities on the Ruby Graphite Property and for general working capital.

All securities issued in the Offering will be subject to a statutory hold period of four month and one day. The Company may pay finder’s fees in connection with the Offering. Closing of the Offering is subject to receipt of all regulatory approvals, including approval of the Canadian Securities Exchange.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

ON BEHALF OF THE BOARD OF DIRECTORS

Paul Gorman
CEO & Director

Reflex Advanced Materials Corp.
Suite 915 – 700 West Pender Street
Vancouver, BC V6C 1G8
Canada
Tel: [phone]
Email: [e-mail]

About Reflex Advanced Materials

Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia. Its objective is to locate and, if warranted, develop economic mineral properties in the strategic metals and advanced materials space. It is focused on improving domestic specialty mineral infrastructure efficiencies to meet surging national demand by North American manufacturers. The Company is working to advance its Ruby Graphite Project, located in Beaverhead County, Montana, and ZigZag Property, located in Thunder Bay Mining Division, Crescent Lake Area, Ontario.