OREANDA-NEWS. September 26, 2017. Savoy Ventures Inc. (CSE:SVO.H) ("Savoy" or the "Company”) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 6,000,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of up to $1,500,000 (the "Offering"). Each Unit will consist of one (1) common share in the capital of the Company (a "Share") and one transferable common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable into one additional Share at a price of $0.35 for a period of twelve months from the date of closing (subject to acceleration in certain circumstances).

The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the TSX Venture Exchange (the "Exchange"). Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Hybrid Minerals Acquisition
Savoy Ventures Inc. has entered into a non-binding letter of intent (the "LOI") effective May 31, 2017 with Hybrid Minerals Inc. ("Hybrid"). The LOI contemplates a business combination transaction (the "Acquisition") pursuant to which Savoy will acquire all of the issued and outstanding common shares of Hybrid (the "Hybrid Shares") in exchange for common shares of Savoy (the "Savoy Shares") on a 1:1 exchange ratio. The Acquisition is an arm's length transaction and is expected to constitute a Reactivation Transaction under the rules of the Exchange.

Hybrid Minerals Inc., is a specialty minerals exploration company and currently holds the rights to the CAS Cobalt Project.

The CAS Project is an advanced cobalt, copper, and gold property located between eCobalt Solutions' Blackbird cobalt/copper project and US Cobalt's Iron Creek cobalt project in Lemhi County, Idaho, USA.  More information is available at: www.hybrid-minerals.com.

The LOI also contemplates other material conditions precedent to the closing of the Acquisition (the "Closing"), including, the completion of an equity financing, customary due diligence, receipt of all necessary regulatory, corporate and third party approvals, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained. In particular, it is a condition of Closing that Savoy maintain its listing on the TSX-V.

Completion of the proposed transaction is subject to a number of conditions, including receipt of appropriate regulatory approvals.  The transaction cannot close until all such conditions are satisfied.  There can be no assurance that the transaction will be completed as proposed or at all.