Pinehurst Capital I Announces Filing of Filing Statement

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TORONTO, Sep 29, 2021 (GLOBE NEWSWIRE) – Pinehurst Capital I Inc. (TSXV: PHT.P) (“Pinehurst“or the”company“), A capital pool company listed on the TSX Venture Exchange (the”TSXV“), is pleased to announce that it has received conditional approval from the TSX Venture Exchange for its proposed qualifying transaction with Silver Bullet Mines Inc. (“Silver bullet“) (the “Transaction”), Announced in the Company’s detailed press releases dated November 12, 2020 and June 28, 2021.

A filing statement regarding the transaction dated September 27, 2021 (the “Declaration of deposit”) Has been filed with the TSXV and applicable Canadian securities regulatory authorities. The filing statement is available under Pinehurst’s profile at www.sedar.com.

Completion of the Transaction remains subject to various closing conditions including, but not limited to, TSXV’s final approval for the Transaction.

For more information on the Transaction, please refer to the Declaration of Mailing.

For more information, please contact:

David Rosenkrantz
Pinehurst Capital I Inc., CEO
e: [email protected]
Phone. : 416 865-0123

Peter M. Clausi
Silver Bullet Mines Inc., Vice President of Capital Markets
e: [email protected]
Phone. : 416-890-1232

Information regarding Silver Bullet has been provided to the Company by Silver Bullet for inclusion in this press release.

Completion of the trade is subject to a number of conditions including, but not limited to, acceptance of the TSXV and, where applicable, in accordance with the requirements of the exchange (as that term is defined in the policies of the TSXV), the majority of the approval of minority shareholders. If applicable, the Transaction cannot be concluded until the required shareholder approval has been obtained. There can be no assurance that the Transaction will be completed as offered or not at all.

Readers are cautioned that, except as disclosed in the management information circular or the filing statement to be prepared in connection with the transaction, any information disclosed or received in respect of the transaction may not be exact or complete and should not be relied upon. Trading in the securities of a capital pool company should be viewed as highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.

The securities referred to in this document have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or in, or on behalf of or for the benefit of absent US persons US registration or applicable exemption from US registration requirements. This press release does not constitute an offer to sell securities in the United States.

Cautions and forward-looking statements

This press release contains certain statements that constitute forward-looking statements with respect to Pinehurst, Silver Bullet, their respective management teams and the Affected Resulting Issuer. Forward-looking statements are not historical facts, but represent management’s current expectations regarding future events and may be identified by words such as “believe”, “expects”, “will”, “intends”, “Plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in these forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual results, conditions, actions or future events to differ materially from those of forward-looking statements. If and when forward-looking statements are set out in this new release, Pinehurst will also set out the material risk factors or assumptions used in developing the forward-looking statements. Unless expressly required by applicable securities laws, Pinehurst assumes no obligation to update or revise forward-looking statements. Future results relating to forward-looking statements may be influenced by many factors, including, but not limited to: the closing of the transaction as described above in a timely manner; SARS-CoV-2; dependence on key personnel; approvals from shareholders and regulatory authorities; the activities and attitudes of local communities at the location of the Property; the risks of future legal proceedings; income tax issues; availability and conditions of financing; distribution of securities; commodity prices; currency movements, especially between USD and CDN; effect of market interest rates on the price of securities; and potential dilution. SARS CoV-2 creates risks that are currently immeasurable and impossible to define.


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