Precious Metals

Gambier Gold Corp. is pleased to announce that it has closed its private placement of 5,333,334 units at a price of $0.15 per unit originally announced on March 11, 2021, for gross proceeds of $800,000.10. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant is exercisable for a period of 2 years into a common share at $0.23 stated Michael Schuss, CEO. commented Quinton ...

Gambier Gold Corp. (TSX-V:GGAU) (the "Company") is pleased to announce that it has closed its private placement of 5,333,334 units at a price of $0.15 per unit (the "Private Placement"), originally announced on March 11, 2021, for gross proceeds of $800,000.10. Each unit consists of one common share and one share purchase warrant. Each share purchase warrant is exercisable for a period of 2 years into a common share at $0.23

"With our recent financings now closed, the Company is in a strong position to continue our recently started, inaugural exploration program at the Detour West project in Northern Ontario. In addition, we are pleased to expand our shareholder base and welcome a major investment from Crescat Capital, who now holds 11.76% ownership of Gambier Gold and will be a supportive and strategic partner going forward," stated Michael Schuss, CEO.

"Gambier has a strong greenfields exploration approach in a very large emerging gold district in the Canadian Shield," commented Quinton Hennigh, technical advisor to Crescat. "This is precisely the story in which we like to invest, ones that can create huge value out of early stage work. We are delighted to see Gambier expeditiously apply these funds toward the plan they presented and will be eager to see what discoveries they yield."

The Private Placement constitutes a related-party transaction as defined under Multilateral Instrument 61-101 as there are certain insiders participating. Because the Company's shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(a) and 5.7(b) of MI 61-101.

The securities issued under the private placement are subject to a statutory hold period expiring on August 16, 2021.

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

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.

Forward-Looking Statement (Safe Harbor 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/641305/Gambier-Gold-Corp-TSX-V-GGAU-Closes-Unit-Financing-For-800000

News Provided by ACCESSWIRE via QuoteMedia

Kairos Minerals

Kairos Underpins Renewed Exploration Focus with Appointment of Highly Successful Chairman and MD

Klaus Eckhof takes reins as Chairman and Dr Peter Turner becomes MD; Highly regarded duo will lead strategy to unlock full value of the Company’s WA gold and lithium projects

Kairos Minerals Ltd (ASX: KAI) is pleased to advise that it has appointed Klaus Eckhof as Non-Executive Chairman effective immediately and Dr Peter Turner as Managing Director (effective May 23, 2022)

Keep reading...Show less
Moneta Increases Resources to 4,265,000 Oz Gold Indicated and 7,496,000 Oz Gold Inferred at Tower Gold Project

Moneta Increases Resources to 4,265,000 Oz Gold Indicated and 7,496,000 Oz Gold Inferred at Tower Gold Project

Moneta Gold Inc. (TSX: ME) (OTCQX: MEAUF) (XETRA: MOP) ("Moneta" or the "Company") is pleased to provide an updated mineral resource estimate ("MRE") for its 100% owned Tower Gold project ("Project"), located 100 kilometres ("km") east of Timmins, Ontario. The consolidated mineral resource now totals 4.27 million ("M") ounces ("oz") indicated gold ("Au") and 7.50 Moz inferred gold, positioning Tower Gold as one of the advanced exploration projects in Canada. The MRE will form the basis of an updated preliminary economic assessment ("PEA") scheduled for completion later this quarter.

Highlights of the Updated Tower Gold Mineral Resource Estimate:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
The Power Play by The Market Herald Releases New Interviews with Conifex Timber, Siyata Mobile, WestCann Holdings, Marvel, and Trillion Energy

The Power Play by The Market Herald Releases New Interviews with Conifex Timber, Siyata Mobile, WestCann Holdings, Marvel, and Trillion Energy

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives

Conifex Timber (TSX:CFF) announces Q1 2022 results

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ALX Resources Corp. Completes Inaugural Drilling Program at Electra Nickel Project, Ontario

ALX Resources Corp. Completes Inaugural Drilling Program at Electra Nickel Project, Ontario

ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the inaugural drilling program at its Electra Nickel Project located 35 kilometres northwest of Thunder Bay, Ontario, Canada. The Company has the right to earn a 100% interest in Electra according to the terms of an option agreement signed in December 2020 (see ALX news release dated December 31, 2020).

2022 Exploration Program

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Planning Of Phase 2 Exploration Diamond Program on The Santa Maria Property Completed

Planning Of Phase 2 Exploration Diamond Program on The Santa Maria Property Completed

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO; OTCQB:FBSGF, and FSE:7NQ) reports that it has completed the planning for a Phase 2 exploration diamond drill program on the Santa Maria Property in Parral, Mexico

Peter Hawley, President, CEO reports; "As mentioned before, the past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed. This massive input of data has led our stream lined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Silver Hammer Purchases Strategic California Mine Patent Claim and Reports up to 1290 g/t Silver and 7.7% Copper from Spring Sampling Program at its Eliza Silver-Gold Project in Nevada

Silver Hammer Purchases Strategic California Mine Patent Claim and Reports up to 1290 g/t Silver and 7.7% Copper from Spring Sampling Program at its Eliza Silver-Gold Project in Nevada

Silver Hammer Mining Corp. (CSE: HAMROTCQB:HAMRF) ("Silver Hammer" or the "Company") is pleased to report high-grade silver assay results obtained during an early phase of exploration at the Company's Eliza Project ("Eliza" or the "Project") in Nevada, plus the acquisition of the California Patent ("the Patent"), a strategic claim within the Project area.

Silver Hammer recently completed the purchase of the strategic California Mine Patent claim, which is located entirely within the Eliza Project claim block. The Patent covers an area of 4.6 acres and includes the past-producing California Mine ( Figure 1 ).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×