EX-99.5 6 ex99_5.htm EXHIBIT 99.5

 

NEWS RELEASE

Symbols: JJJ.X - CSE

HHHEF – OTC Pink

 

37 Capital Announces Closing of the Flow-Through Financing

VANCOUVER, BRITISH COLUMBIA. July 24, 2023. 37 Capital Inc. (the “Company” or “37 Capital”) announces that further to its news release dated June 5, 2023, the Company has closed the flow-through financing (the “Private Placement Financing”) for gross proceeds of $50,000 through the issuance of 2,000,000 flow-through units of the Company. Each flow-through unit will consist of one flow-through common share, and one non-flow-through share purchase warrant to acquire one non-flow-through common share of the Company at the price of $0.05 until July 24, 2028. All securities issued in connection with this financing include a hold period in accordance with applicable securities laws.

The funds raised will be used towards mineral exploration expenditures on the Company’s mineral property in the Province of British Columbia.

Two Insiders acquired an aggregate of 2,000,000 flow-through units of the Private Placement Financing. The issuance of units to the Insiders is considered a related party transaction subject to Multilateral Instrument 61-101. 37 Capital is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under section 5.5(c) and 5.7(1)(b) of Multilateral Instrument 61-101.

On Behalf of the Board,

37 Capital Inc.

“Jake H. Kalpakian”

Jake H. Kalpakian,

President

 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Trading in the securities of the Company should be considered speculative.

Certain statements contained herein are “forward-looking”. Forward-looking statements may include, among others, statements regarding future plans, projected or proposed financings, costs, objectives, economic or technical performance, or the assumptions underlying any of the foregoing. In this News Release, words such as “may”, “would”, “could”, “will”, “likely”, “enable”, “feel”, “seek”, “project”, “predict”, “potential”, “should”, “might”, “objective”, “believe”, “expect”, “propose”, “anticipate”, “intend”, “plan”, “plans” “estimate”, and similar words are used to identify forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results

37 Capital Inc.

Suite 303, 570 Granville Street.

Vancouver, BC V6C 3P1

Tel: (604) 681-1519 Fax: (604) 681-9428

www.37capitalinc.com email: info@37capitalinc.com