VANCOUVER, Jan. 25, 2021 - Cornish Metals Inc. (TSX-V: CUSN) ("Cornish Metals" or the "Company") is pleased to announce that Barkerville Gold Mines ("Barkerville"), a wholly owned subsidiary of Osisko Development Corp. (TSX-V:ODV), has exercised 9,577,143 previously issued common share purchase warrants for gross proceeds of $670,400 to the Company. Such warrants were issued pursuant to the Company's private placement financing completed on February 3, 2020.
As a result of the exercise, Barkerville now owns 53,833,333 common shares of the Company, representing 35.97% of the issued capital Cornish Metals.
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
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.
For additional information please contact: In North America: Irene Dorsman at (604) 210 8752 or by e-mail at irene@cornishmetals.com or Sherman Dahl of Pretium Communications at (250) 558 8340 In the UK and Europe: Blytheweigh (Financial PR/IR-London) Tel: +44 207 138 3204 Tim Blythe tim.blythe@blytheweigh.com Megan Ray megan.ray@blytheweigh.com
