THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- Esrey Resources Ltd. (the
“Company”) (TSXV:ESR) announces its intention to raise up to $4,000,000 by way of a private placement of up to
20,000,000 units (the “Offering”) at a price of $0.20 per unit (a “Unit”). Each Unit will
be comprised of one common share and one share purchase warrant (a “Warrant”). Each Warrant gives the holder
the right to acquire a further common share of the Company at a price of $0.40 for a term of 5 years. The expiry of the
Warrants may however be accelerated at the election of the Company in circumstances where, at any time following 4 months from the
closing of the Offering, the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) is
equal to or greater than $0.75 for 20 consecutive trading days. In such case, the Company may give notice to the holders of
the Warrants that the Warrants will expire 30 days following such notice.
The Company may pay finder’s fees in connection with the Offering in accordance with the policies of the
Exchange. The net proceeds of the Offering will be used for further development of the Company’s zinc projects in the Balkans
and for general working capital.
The securities comprising the Offering are subject to a 4-month hold period.
On behalf of the Board of Directors
David Cohen
Chairman of the Board
Interim President and CEO
For more information, please contact:
Investor Relations: 1-778-373-0103
Email: info@esreyresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain forward-looking statements within the meaning of Canadian securities
laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be
placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to
known and unknown risks and uncertainties that contribute to the possibility that the future events or circumstances contemplated
by the forward-looking statements will not in fact be realized. Actual results could differ, and the difference may be
material and adverse to the Company and its shareholders.
The forward-looking statements contained in this press release are made as of the date thereof and the
Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as
required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary
statement.
