DEMESNE RESOURCES LTD. ANNOUNCES THE LAUNCH OF A THIRD FIRST STATEMENT INVESTIGATION INVESTMENT By Investing.com

Vancouver, BC, Dec. 24, 2024 (GLOBE NEWSWIRE) — Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) (Demesne or of Company) is pleased to announce that it has completed the third installment (the Part Three) of its previously declared unregistered funds (the An offering). Pursuant to the Third Quarter, the Company issued 1,660,000 common shares of the Company (Common Shares), at a price of $0.25 per Common Share for proceeds of approximately $415,000.

The Company plans to complete the next tranche of the Offering, for a total amount of $424,599 in January 2025.

In connection with the Third Tranche, the Company paid prospectors’ fees to qualified persons of $17,150 in cash and 68,600 Common Shares. Finder documents). Each Finder Warrant is exercisable to acquire one Common Share of the Company’s capital at an exercise price of $0.25 per Common Share for a period of 12 months.

The closing of the Offering is subject to a number of conditions, including obtaining all necessary trading and regulatory approvals, including the Canadian Securities Exchange (the CSE).

The Company will use all proceeds from the Offering to fund certain payments pursuant to the option agreement regarding the IMA Mine Project, certain payments pursuant to the option agreement regarding the Star Project, expenses related to the work program, expenses to marketing, and for general working capital purposes. All securities issued in respect of Part Three are subject to a period of four months and a day from the date of issue in accordance with applicable securities laws.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended ( US Securities Act) or any other state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable laws of national securities or exemption from such registration is available.

ABOUT DEMESNE RESOURCES LTD.

Demesne Resources Ltd. is a British Columbia company engaged in the discovery and exploration of magnetite mineral properties. The Company’s Star Project consists of five associated mineral titles covering an area of ​​approximately 4,615.75 hectares located in the Skeena Region, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to acquire a 100% undivided interest in the Star Project. The Demesne has also entered into an option agreement, whereby it can acquire a 100% interest (subject to a 2% royalty) and in the IMA Mine Project, a former underground tungsten mine that sits of the 22 franchises located in East Central. , Idaho, United States.

Social media links:

LinkedIn: https://www.linkedin.com/company/demesneresources/

X: https://x.com/demesneresource

Facebook (NASDAQ:): https://www.facebook.com/DemesneResources

Instagram: https://www.instagram.com/demesneresources/

YouTube: https://www.youtube.com/@demesneresources

IN THE WORLD OF DIRECTORS:

Murray Nye
CEO
1055 West Georgia Street, Suite 1500
Vancouver, BC V6E 0B6
Canada

For more information, please contact:

Murray Nye, CEO
Email: ir@demesneresources.com
Phone: +1 (416) 300-7398

CSE: DEME
OTCQB: DEMRF

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release and has not endorsed or disapproved the content of this press release.

This press release includes “forward-looking information” that is subject to numerous assumptions, risks and uncertainties, many of which are beyond the Company’s control. Such statements represent the Company’s current views regarding future events and are necessarily based on numerous assumptions and estimates that, although reasonable by the Company, are inherently subject to significant business, economy, competition, political and social risks, emergencies and uncertainties. A number of factors, both known and unknown, could cause results, performance, or achievements to differ materially from the results, performance or achievements that may be expressed or implied or implied by such forward-looking statements. expected first. The Company does not undertake, and does not undertake any obligation, to update these forward-looking statements or information to reflect changes in opinions or changes in circumstances or any events that affect the statements and information except as required by law, regulations and applicable laws. regulations.

Holly Iervella

Source: Demesne Resources Ltd.