(TheNewswire)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / August 28, 2018 — Napier Ventures Inc. (TSX.V: NAP) (“Napier” or
the “Company”) announces that it has closed its non-brokered private placement for aggregate gross proceeds of $257,249.95
comprised of 734,999 Units at a price of $0.35 per Unit.
Each Unit consists of one common share in the capital of Napier Ventures Inc. (the "Common Shares") and one
Common Share Purchase Warrant (the "Warrants"). Each Warrant will be exercisable into one Common Share for a period of two years at
a price of $0.50/share.
In connection with this closing tranche of the financing, the Company will pay Finder’s Fees of $735.00 in cash
and 2,100 Warrants.
The securities issued in connection with the Offering will be subject to a hold period expiring four months and
one day from the date of issuance of the securities. The completion of the private placement and payment of any commission
and fees remains subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
Proceeds from the Offering will be used for working capital.
About Napier Ventures
Listed on the TSX Venture Exchange (TSX.V: NAP), Napier Ventures Inc. is a Vancouver based, junior mineral
exploration Company managed by a team of professionals with extensive experience in mining exploration, finance and law. Management
is dedicated to advancing the Company and increasing shareholder value by engaging in the search for value-adding mineral deposits
through exploration and/or acquisition, as well as other resource opportunities as they may arise.
On behalf of the board of
NAPIER VENTURES INC.
Per: “Donald Scoretz”
Donald Scoretz
Chief Executive Officer
Safe Harbour for Forward-Looking Information: This press release may contain forward-looking information based
on management’s expectations, estimates and projections. All statements that address expectations or projections about the future,
including statements about the completion of the Private Placement, the use of proceeds of the Private Placement and contemplated
approvals of the TSXV. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and
assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially,
there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company assumes no obligation
to update forward-looking information except as required by law.
Neither the 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.
To reach Napier Ventures Inc. please contact:
Earl Hope | (604) 639-0009 | earl@napierventuresinc.com
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