VANCOUVER, BC, July 13, 2020 - District Metals Corp. (TSX-V: DMX) ("District" or the "Company") is pleased to announce that an airborne electromagnetic ("EM") and magnetic survey has commenced on the Tomtebo Property ("Tomtebo" or the "Property"), located in the Bergslagen Mining District in south-central Sweden.

 

Garrett Ainsworth, CEO of District, commented: "The Bergslagen Mining District is known for large high grade polymetallic mineralized systems that can be identified by their conductive and magnetic properties.  For such a prolific district, the lack of EM and detailed magnetic coverage is astounding.  The recently commenced SkyTEM312 HP survey represents the first time a deep penetrating airborne EM survey (greater than 200 m depth) has been carried out on the Tomtebo Property.  This is significant because we know that these systems in the Bergslagen Mining District can have mineral resources from surface to depths of 1600 m, such as is the case at Boliden's Garpenberg Mine and Lundin Mining's Zinkgruvan Mine."     

June 30, 2020 – District Metals Corp. (TSX-V: DMX; "District" or the “Company”) is pleased to announce that further to its news release of February 28, 2020 and May 8, 2020, it has completed its acquisition of a 100% ownership of the Tomtebo and Trollberget properties (together, the "Properties") from Viad Royalties AB (the "Seller"), a wholly-owned subsidiary of EMX Royalty Corp. (TSX-V:EMX) ("EMX"). The acquisition of the Properties by the Company is hereinafter referred to as the "Transaction".

 

Garrett Ainsworth, President & CEO of District, commented: “It has been a pleasure working with EMX, from the due diligence phase through to the closing of the Tomtebo and Trollberget transaction. We are pleased to have EMX as a large shareholder, with a 9.9% ownership in the Company. District is well underway with our exploration plans for Tomtebo, located in the prolific Bergslagen Mining District of south-central Sweden, with a strong partner that has been operating in Scandinavia since 2012.” 

VANCOUVER, June 8, 2020  - District Metals Corp. (TSX-V: DMX; "District" or the "Company") is pleased to announce that further to its news release of May 20, 2020 and May 22, 2020, it has closed a non-brokered private placement offering of 20,000,000 common shares of the Company (the "Shares") at a price of CDN$0.12 per share for aggregate gross proceeds of CDN$2.4 million (the "Private Placement").

 

The Private Placement included an affiliate of the Sprott Group who subscribed for 6.0 million Shares, representing 11.31% of the Company's outstanding common shares after completion of the Private Placement.

 

Garrett Ainsworth, President & CEO of District, commented: "I would like to welcome several new and prominent investors into District Metals Corp. through our recently completed and oversubscribed financing, and also thank existing shareholders for their continued support.  We are now well-positioned to execute on our exploration plans to prove up the prospective Polymetallic Tomtebo Property located in south-central Sweden."

VANCOUVER, May 8, 2020 - District Metals Corp. (TSX-V: DMX; "District" or the "Company") is pleased to announce that, further to its news release dated February 28, 2020, the Company has received acceptance in principle from the TSX Venture Exchange (the "TSXV") of the Company's acquisition of 100% ownership of the Tomtebo and Trollberget properties (together, the "Properties") pursuant to the previously announced purchase agreement dated February 27, 2020 (the "Purchase Agreement") between the Company and Viad Royalties AB (the "Seller"), a wholly-owned subsidiary of EMX Royalty Corp. (TSX-V:EMX) ("EMX"). The acquisition of the Properties by the Company is hereinafter referred to as the "Transaction".

 

Closing of the Transaction is expected to occur on or before June 22, 2020 subject to the terms of the Purchase Agreement and receipt of final acceptance from the TSXV however, trading in the Company's shares is expected to resume on or about May 12, 2020.