Precious Metals

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)
gold bar with uranium

Top Stories This Week: Gold Ends May in the Red, Namibia News Spooks Uranium Stocks

The month of May is now over, and for gold it was a time of downward momentum. After rising to the US$2,050 per ounce level early on, the yellow metal finished the period at around US$1,960, up from its lowest point of about US$1,940.

This week brought a resolution on the debt ceiling, with US President Joe Biden and Republican House Speaker Kevin McCarthy taking a proposed deal to Congress. By Thursday (June 1), it had made it through both the House and the Senate, allowing the country to avoid a default. The news came only a few days ahead of the deadline, which was set for this coming Monday (June 5).

With the deal now approved, the debt ceiling has been suspended until January 1, 2025.

Keep reading...Show less
chris blasi, gold chunks

Chris Blasi: Gold Bull Market Now in Third Leg, Here's What Comes Next

Gold has spent a fair amount of time above US$2,000 per ounce this year, although more recently it's pulled back.

What has demand for the yellow metal looked like in 2023? Speaking to the Investing News Network, Chris Blasi, president of Neptune Global, said he's seen high-net-worth and ultra-high-net-worth buyers entering the market.

"January, February started off a little on the slow side. Then comes March, and here in the US we had this banking crisis — the failure of Silicon Valley Bank, Signature Bank up in New York and then most recently First Republic Bank. What we've seen is a large influx of what we call high-net-worth and ultra-high-net-worth investors," he said during the interview.

Keep reading...Show less
Snowline Gold (CSE:SGD)

Snowline Gold Purchases Mineral Property Portfolio with Historical Drill Results Of 2.1 Grams Per Tonne Gold Over 96.0 Metres on Intrusive Target Near Rogue Project’s Valley Discovery

SNOWLINE GOLD CORP. (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce purchase from two arm's-length entities of a mineral property portfolio comprising 92 claims in the vicinity of its Rogue Project in the Yukon Territory, Canada. Historical work on these claims suggests the presence of multiple reduced-intrusion related gold systems (RIRGS) within the Rogue Plutonic Complex, the geological system which hosts Snowline's Valley discovery. A historical diamond drill intersection at the "Reid" target roughly 8 km east of Valley and 4 km east of Gracie reported 2.1 g/t Au over 96.0 m within 234.7 m of 0.94 g/t Au, including high-grade intersections of 76.9 g/t Au and 26.7 g/t Au over 1.5 m each, within a granodiorite stock with similarities to the Valley intrusion. These results have not been verified by the Company, but descriptions of geology and mineralization intersected by this drilling, including visible gold in sheeted quartz veins and the poly-phase nature of the intrusion, are consistent with observations made in drilling at Valley, demonstrating the potential for regional gold fertility.

Keep reading...Show less
Barksdale Resources (TSXV:BRO)

Barksdale Provides Sunnyside Permitting Update

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce positive permitting progress related to the proposed Sunnyside copper-lead-zinc-silver exploration program in Arizona.

Following issuance of a draft Decision Memorandum ("DM") and Finding of No Significant Impact ("FONSI") for Barksdale's proposed seven-year exploration drilling program at Sunnyside in late January 2023, the United States Forest Service ("USFS") has continued to move through the final permitting steps. On March 13, 2023, the 45-day Objection Period concluded, and resulted in two objections from parties that made previous comments during the USFS public comment period in 2021. The USFS confirmed with the Company that it completed the mail-out of objection responses on May 26, thereby ending the Objection Response Period.

Keep reading...Show less

Latest Press Releases

Related News

×