LUCKY MINERALS INC. ENTERS INTO A BOUGHT DEAL AGREEMENT FOR GROSS PROCEEDS OF C$2,500,035

LUCKY MINERALS INC. ENTERS INTO A BOUGHT DEAL AGREEMENT FOR GROSS PROCEEDS OF C$2,500,035
Lucky Minerals Inc. has today entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters, pursuant to which Clarus Securities has agreed to purchase, on a bought deal basis, 16,666,900 units of the company at a price of 15 cents per unit for aggregate gross proceeds to the company of $2,500,035. Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 20 cents for a period of 36 months following the closing date (as defined herein).
The company has also agreed to grant the underwriters an overallotment option to purchase an additional 2,500,035 units at the offering price, exercisable in whole or in part, for a period ending 30 days from and including the closing date. In the event the overallotment option is exercised in full, the aggregate gross proceeds of the offering will be $2,875,040.
The units will be offered in each of the provinces and territories of Canada, other than the province of Quebec, by short form prospectus and in those jurisdictions outside of Canada and the United States which are agreed to by the company and the underwriters, where the units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.
The company intends to use the net proceeds from the offering for working capital and general corporate purposes.
In connection with the offering, PowerOne Capital Markets Ltd. has been appointed as a special adviser to the company.
About Lucky Minerals Inc.
Lucky Minerals is a venture-stage exploration company that is targeting a large-scale porphyry copper-gold-molybdenum system in southern Montana that could potentially host a multimillion-ounce gold deposit. The company is focused on its Emigrant Creek project, which covers a 15-square-kilometre area (six square miles) located in the core of the mineralized and intensely altered Emigrant mining district. Lucky Minerals resumed exploration in July, 2017, and has slated numerous activities to commence over the summer and into the fall, including further diamond drilling, geophysical work, geological mapping and continuing sampling.