New Point Exploration

Invest
$5,000 minimum
$1,673,250
completed of $3,000,000
$15,000 currently processing
25
investors Only investors who have completed the investment.
3
days to go
Overview

New Point is a next-generation metals company focused on the growing battery industry for electric vehicles.

New Point Exploration Corp is engaged in the business of acquiring, exploring and developing mineral properties related to the growing battery industry. Focused on high grade, prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper projects in prospective, mining-friendly jurisdictions. 

Highlights:

• New Point Exploration is adding value to North American mineral projects

• Mission: To acquire and advance quality lithium, cobalt,copper and other “battery metals” properties

• The company has a lease assumption agreement to acquire 100% of the Majuba Hill Copper Property, Nevada USA

• Capital Structure: 15 million shares outstanding, 20million fully diluted

• Managed by CEO & President Bryn Gardener-Evans (Former Senior Vice President with Richardson GMP)



Meet the Team
Bryn Gardener-Evans
President, CEO and Director
Updates

New Point Exploration

July 06, 2018

New Point Announces Closing of First Tranche of Private Placement

VANCOUVER—July 6, 2018—New Point Exploration Corp. (CSE: NP / OTC: NPEZF / Frankfurt: 4NP)(“New Point” or the “Company”) is pleased to announce the closing of the first tranche (the “First Tranche”) of the previously announced non-brokered private placement (the “Placement”).

Under the first tranche the company has issued 6,673,000 units at a price of C$0.25 per unit (the “issue price”), for aggregate proceeds of C$1,668,250. Each unit consists of one common share and one halfshare purchase warrant. Each warrant will entitle the holder to acquire an additional share at a price of $0.35 for a period of one year from closing. A total of $12,000 cash and 48,000 finders warrants priced at $0.35 (one-year expiry date) were paid/issued as finder fees in connection with this closing.

The net proceeds of the financing will be used for exploration and development at the Majuba Hill property, project acquisition and exploration, and general working capital.


About New Point Exploration Corp.

New Point (CSE: NP) is engaged in the business of acquiring, exploring and developing mineral properties related to the growing battery industry. Focused on high grade, prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals Company.

On Behalf of the Board of New Point Exploration Corp.


Bryn Gardener-Evans

President & CEO 

corporate Office1240-1140 West Pender St 

Vancouver, BCV6E 4G1

Investors
25 total, 25 anonymous
Documents
General Risks
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Terms

TERM SHEET FOR PRIVATE PLACEMENT


Issuer

Newpoint Exploration Corp.

Offering

Units of the Issuer (“Units”) offered on a  non-brokered private placement basis.Each Unit will consist of one common share (a “Share”) and one-half of a common share purchase warrant (a “Warrant”). 


Offering Price

CDN$0.25 per Unit


Warrant

Each whole Warrant entitles the holder to purchase one common share at any time for a one year period at a price of CDN$0.35 per share.

Commissions or Finder Fees

Subject to entering into a written agreement with the Issuer, a broker or finder will be compensated by way of the payment of a cash of 8% and the issue of compensation warrants equal to 8% of the Units sold to subscribers introduced by such person.Compensation warrants will have the same terms as the Warrants that form part of the Unit Offering.


Regulatory

The Units are offered pursuant to prospectus and registration exemptions in provincial jurisdictions in Canada and may be offered on an exempt basis in certain jurisdictions outside of Canada, including the United States.The Offering will be subject to resale restrictions under provincial securities laws in Canada, including a four month hold period.

Terms & Conditions

The terms and conditions of this private placement offering are set out in a private placement subscription agreement.


Get in Touch
Website
Email
403-830-7310