NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES OF AMERICA
Vancouver, B.C. – March 15, 2015: San Marco Resources Inc. (SMN: TSX-V) announces it proposes to carry out, subject to TSX Venture Exchange approval, a private placement of up to 3,000,000 units at $0.05 per unit for gross proceeds of up to $150,000.
Each unit will consist of one common share and one non-transferable warrant, each warrant exercisable to purchase a further share for a period of three years at $0.05 per share in the first year, $0.10 per share in the second year and $0.15 per share in the third year. After the four month restricted resale period expires, the expiry of the warrants may be accelerated if the closing price of San Marco’s shares equals or exceeds, for 15 consecutive trading days, $0.10 per share in the first year, $0.20 per share in the second year or $0.30 per share in the third year and San Marco gives notice to the warrant holders advising, and issues a news release announcing, within two trading days after such 15 day period, that the warrants will expire in 20 trading days.
Finders’ fees may be paid in cash or shares to qualified finders.
About San Marco
San Marco Resources Inc. is a Canadian mineral exploration company (www.sanmarcocorp.com) with a portfolio of three promising projects in mining-friendly Mexico, including the Cuatro de Mayo Project in Sonora State on which the Company is currently active, and an alliance with GlobeTrotters Resource Group Inc. pursuant to which they will jointly initiate a state-wide effort to generate and acquire new high potential and overlooked mineral targets in Sonora State, Mexico. The Company has a committed management team with extensive experience in Mexico and a proven track record of building shareholder value.
For further information, contact:
Robert Willis, P. Eng; CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.