San Marco Revises Terms of Non-Brokered Unit Private Placement and Closes Subscription Books for Unit and Flow Through Share Private Placements


Vancouver, B.C. – November 8, 2019: San Marco Resources Inc. (TSX-V: SMN) (“San Marco” or the “Company”) announces that it has revised the terms of its non-brokered unit private placement announced September 26, 2019. The private placement now consists of 3,138,334 units at a price of $0.12 per unit for gross proceeds of C$ 376,600. Each unit will be comprised of one share and one warrant to purchase one common share for three years at a price of $0.20 for the first two years and $0.25 for the third year. The Company will pay finders fees in cash and finders warrants (each now exercisable to purchase one share for $0.12 for one year) to eligible finders in accordance with the policies of the TSX Venture Exchange.

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