Reflex Advanced Materials Corp. Announces Non-Brokered Private Placement

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FOR DISSEMINATION IN THE UNITED STATES //

VANCOUVER, British Columbia, Aug. 21, 2023 (GLOBE NEWSWIRE) — Reflex Superior Supplies Corp. (CSE:RFLX) (FSE:HF2) (“Reflex” or the “Firm”) declares that it intends to finish a non-brokered non-public placement financing (the “Non-public Placement”) of as much as 4,000,000 models of the Firm (“Models”) at a worth of $0.25 per Unit for combination gross proceeds of as much as $1,000,000.

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Every Unit shall consist of 1 (1) widespread share within the capital of the Firm (“Share”) and one-half (1/2) of 1 (1) Share buy warrant (“Warrant”), whereby every Warrant shall entitle the holder thereof to buy an extra Share at an train worth of $0.35 for a interval of 24 months from the date of issuance.

Closing of the Non-public Placement is anticipated to happen on or in regards to the week of September 11, 2023, and is topic to sure circumstances, together with, however not restricted to, the receipt of all crucial regulatory and different approvals. The web proceeds of the Non-public Placement are meant for use to advance the Firm’s Ruby Graphite Venture and for different common company functions. Finders’ charges could also be payable to eligible arm’s size individuals with respect to sure subscriptions accepted by the Firm.

Topic to compliance with relevant regulatory necessities and in accordance with Nationwide Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Models issuable beneath the Non-public Placement shall be supplied on the market to purchasers resident in Canada and/or different qualifying jurisdictions pursuant to the listed issuer financing exemption beneath Half 5A.2 of NI 45-106 (the “LIFE Exemption”). As a result of the Non-public Placement is to be accomplished pursuant to the LIFE Exemption, the securities issued in reference to the Non-public Placement is not going to be topic to resale restrictions in accordance with relevant Canadian securities legal guidelines.

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There may be an providing doc dated August 21, 2023, associated to the Non-public Placement that may be accessed beneath the Firm’s profile at www.sedarplus.ca and on the Firm’s web site at www.reflexmaterials.com. Potential traders ought to learn this providing doc earlier than investing resolution.

The securities described herein haven’t been and won’t be registered beneath america Securities Act of 1933, as amended, or any U.S. state securities legal guidelines, and is probably not supplied or bought in america absent registration or obtainable exemptions from such registration necessities. This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase any securities in america.

ON BEHALF OF THE BOARD OF DIRECTORS,

Paul Gorman
CEO & Director

Reflex Superior Supplies Corp.
Suite 915 – 700 West Pender Road
Vancouver, BC V6C 1G8
Canada
Tel: (778) 837-7191
E mail: data@reflexmaterials.com

About Reflex Superior Supplies

Reflex Superior Supplies Corp. is a mineral exploration firm primarily based in British Columbia. Its goal is to find and, if warranted, develop financial mineral properties within the strategic metals and superior supplies area. It’s centered on enhancing home specialty mineral infrastructure efficiencies to fulfill surging nationwide demand by North American producers. The Firm is working to advance its Ruby Graphite Venture, situated in Beaverhead County, Montana, and ZigZag Property, situated in Thunder Bay Mining Division, Crescent Lake Space, Ontario.

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For extra data, please assessment the Firm’s filings obtainable at www.sedarplus.ca and go to the Firm’s web site at www.reflexmaterials.com.

Ahead-Trying Statements

This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) inside the that means of relevant securities laws. Ahead-looking statements are incessantly, however not all the time, recognized by phrases resembling “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “potential”, and related expressions, or statements that occasions, circumstances, or outcomes “will”, “might”, “might”, or” ought to” happen or be achieved. All statements, aside from statements of historic truth, included herein, with out limitation, statements regarding the closing of the Non-public Placement, the receipt of all crucial regulatory and different approvals, and using proceeds from the Non-public Placement are forward-looking statements. There will be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements mirror the beliefs, opinions and projections on the date the statements are made and are primarily based upon plenty of assumptions and estimates that, whereas thought of affordable by Reflex, are inherently topic to important enterprise, financial, aggressive, political and social uncertainties and contingencies. Many components, each identified and unknown, might trigger precise outcomes, efficiency or achievements to be materially totally different from the outcomes, efficiency or achievements which are or could also be expressed or implied by such forward-looking statements and the events have made assumptions and estimates primarily based on or associated to many of those components. Such components embrace, with out limitation, the flexibility to finish exploration work, the outcomes of exploration, continued availability of capital, and adjustments on the whole financial, market and enterprise circumstances. Readers shouldn’t place undue reliance on the forward-looking statements and knowledge contained on this information launch regarding these things. Reflex doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they modify, besides as required by relevant securities legal guidelines.

The Canadian Securities Alternate has not reviewed, permitted or disapproved the contents of this press launch, and doesn’t settle for duty for the adequacy or accuracy of this launch.

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