Vancouver, British Columbia–(Newsfile Corp. – September 30, 2020) – Prismo Metals Inc. (CSE: PRIZ) (the “Company” or “Prismo“) is pleased to announce that on September 30, 2020, it completed its initial public offering (the “IPO“) of 4,600,000 common shares (each a “Share“), at a price of $0.125 per Share (the “IPO Price“) for gross proceeds of $575,000, which includes the exercise of the over-allotment option of the Agent (as defined herein) for an additional 600,000 Shares. The net proceeds from the IPO will be used for working capital and to carry out exploration of the Company’s Palos Verdes Property located in the southern part of the State of Sinaloa in northwestern Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.
