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79 Resources Ltd. Closes Financing

79 Resources Ltd.



Vancouver, British Columbia, July 10, 2024 – TheNewswire – 79 Resources Ltd. - CSE:SNR -(“79 Resources” or the "Corporation" or the “Issuer”) is pleased to report that it has closed its previously announced non-brokered common share unit financing (the "Unit Financing") by way of the issuance of 2,000,000 units (the “Units”) at a price of $0.07 per Unit. Each Unit consisted of one common share of the Corporation (a “Unit Share”) and one non-transferable common share purchase warrant (a “Warrant”) that entitles the Warrant holder, upon further payment to the Corporation, to acquire one additional common share of the Corporation (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share on any date prior to the date which is 24 months following the closing date of the Unit Financing (see also news releases, 79 Resources Ltd. Announces Financing, dated June 24 2024 and 79 Resources Ltd. Upsizes Financing, dated June 27, 2024).

Closing of the Unit Financing occurred today, July 10, 2024.

The Units issued under the Unit Financing remain subject to final regulatory approval and shall be bound by a four-month and one-day hold period pursuant to applicable securities laws of Canada. Proceeds from the Unit Financing will be used for working capital purposes.

There were no finder’s fees paid by the Corporation in the Unit Financing.

Following completion of the Unit Financing, the Corporation has 24,236,400 common shares issued and outstanding.

About 79 Resources Ltd. - CSE:SNR

79 Resources is a Vancouver-based junior mining exploration company. Traded on the Canadian Securities Exchange under the symbol SNR, the Corporation seeks to acquire, explore and develop mineral exploration projects. 79 Resources currently holds the Five Point Copper-Gold Project in British Columbia and the North Preston Uranium Project in Saskatchewan. For additional information, please visit

The Corporation is subject to various risks and uncertainties, including those risks and uncertainties set out in public filings made by the Corporation, such public filings available through SEDAR+ (, as well as through the Corporation’s Disclosure Hall located on the CSE website (

On Behalf of the Board of Directors

Ryan Kalt
Chief Executive Officer
Tel: 604.687.2038


Forward-Looking Statements


This news release contains forward-looking statements within the meaning of Canadian securities laws. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest," "plan," "believe," "intend,", “intention” "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the matters related to the Unit Financing, such as any final regulatory approvals required and therein the ability of the Corporation to successfully complete the Unit Financing. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.