flow battery

Gambier Gold Corp. Announces C$1 Million Flow-Through Private Placement Financing

Gambier Gold Corp. (TSX-V:GGAU) (the "Company") is pleased to announce that the Company intends to undertake a private placement financing (the "Offering") to raise gross proceeds of up to $1 M from the sale of up to 4,000,000 common shares that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) at a price of $0.25 per share (the "Shares

The proceeds raised by the Company from the sale of the Shares will be used to incur eligible Canadian exploration expenses that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada), related to exploration of the Company's gold properties located in Ontario.

The issuance of the Offered Shares under the Offering and the payment of the finder's fee are subject to the approval of the TSX Venture Exchange, receipt of any other required regulatory approvals and other customary closing conditions. Closing of the Offering is anticipated to occur on or about February 7, 2021. Securities issued under the Offering will be subject to a four-month-and-one-day statutory hold period.

This press release is not an offer of common shares for sale in the United States. The common shares may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US. Securities Act of 1933, as amended (the "U.S. Securities Act") and applicable U.S. state securities laws. The Company will not make any public offering of the securities in the United States. The common shares have not been and will not be registered under the U.S. Securities Act, or any state securities laws.

ON BEHALF OF THE BOARD

Michael E. Schuss
President & CEO

For further information, please contact:

Gambier Gold Corp.
Phone: (604) 241-2254
E-mail: info@gambier.gold
Website: www.gambier.gold

Forward-Looking Statement (Safe Harbour Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Gambier Gold Corp.



View source version on accesswire.com:
https://www.accesswire.com/625660/Gambier-Gold-Corp-TSX-V-GGAU-Announces-C1-Million-Flow-Through-Private-Placement-Financing

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Stack of gold bars with graph line in the background.

Gold Price Hits Another New All-time High, US$3,600 in Reach

Gold's record-breaking rise continued on Friday (September 5), with the price approaching US$3,600 per ounce.

After spending the summer months consolidating, the yellow metal began breaking out this week. It pushed through US$3,500 on Tuesday (September 5) and then kept rising, coming within less than a dollar of US$3,600 on Friday.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Keep reading...Show less
New exploration prospects defined at Beete Project, Western Australia

New exploration prospects defined at Beete Project, Western Australia

Platina Resources Limited (ASX: PGM) Phase 2 aircore drilling program has generated new prospects for follow up exploration work at its Beete Project in Western Australia.

Keep reading...Show less
Fimiston open pit in Kalgoorlie.

Eastern Goldfields: Western Australia’s Oldest Gold Region Re-emerges with New Potential

Few mining regions in the world can claim both a legendary past and a yet-to-unfold future like Western Australia’s Eastern Goldfields. Regarded as the engine room of Australia’s gold production, this district continues to deliver high-grade discoveries more than a century after the Golden Mile first put Kalgoorlie on the global mining map.

Far from being “mined out,” advances in exploration technology, the prospectivity of deeper and undercover terrain and the region’s unmatched infrastructure are combining to open a new chapter of opportunity. For investors, this means the Eastern Goldfields is an active frontier where the next generation of tier-one gold discoveries is already taking shape.

Keep reading...Show less
Aurum Resources (ASX:AUE)

Aurum Resources


Keep reading...Show less
Freegold Venturers

Freegold Continues to Intersect Higher-Grade in WOW Zone Intersecting 2.31 g/t Au over 65.4m

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) is pleased to report results from the first five (5) drill holes at Golden Summit which represents all assays received. The 2025 drilling program aims to upgrade inferred mineral resources to indicated resources through targeted infill drilling, geotechnical drilling, and metallurgical test holes.

Highlights: WOW Zone continues to demonstrate higher grade potential

Keep reading...Show less

Latest Press Releases

Related News

×