Major Precious Metals Announces Investment of Up to $5.4 Million

VANCOUVER, British Columbia, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Major Precious Metals Corp. (“Major Precious Metals” or the “Company”) (NEO:SIZE | OTC:SIZYF | FRANKFURT:3EZ), a Canadian exploration and mining company that has recently completed its Phase 1 diamond drilling program on its Skaergaard Project in eastern Greenland, is pleased to announce that it has entered into a definitive convertible security funding agreement (“Agreement”) with L1 Capital Global Opportunities Master Fund ("Investor"), a Cayman based investment fund, part of the L1 Capital Group. The funding will come in the form of up to CAD $6 million face-value ("Face Value") convertible debentures (the "Convertible Debentures") . The Company will receive net proceeds of up to CAD $5.4 million from the Convertible Debenture issuance, less applicable closing costs.