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C.GRCM | 5 hours ago VANCOUVER, BC, June 7, 2024 – Geologica Resource Corp. (CSE:GRCM, FSE:862 ) (“Geologica” or the “Company”) is pleased to announce the closing of its previously announced financing and property acquisition. The Company intends to issue 4,301,450 Units at $0.035 per unit for total proceeds of $150,550 (the “Units”) each Unit consists of a share and a whole warrant. Each warrant may be exercised for 1 (one) share for 2 (two) years from closing for $0.05. A warrant holder must exercise the Warrant, within 30 days of the shares of the Company trading at a 20 day VWAP of $0.20 or greater once the 4 month statutory hold has expired. The Company paid finders fees of $10,928 and issued 312,229 finders warrants. The warrants have the same terms as above. The proceeds of the financing will be used for exploration work and general administration. In a sperate transaction the Company issued 2,000,000 shares to complete the acquisition of the Topley West Property as announced March 28, 2024. The Company has also issued 100,000 shares at a deemed price of $0.045 to settle outstanding debt with an unrelated party. The securities issued under the financing will be subject to restrictions on resale for 4 (Four) months and a day, pursuant to applicable Canadian securities laws and the rules of the Canadian Securities Exchange. TOPLEY LANDING PROJECT TOPLEY LANDING PROJECT The claims to be explored at Topley Landing are overlapped by Lake Babine Nation (LBN) traditional territory; In consultation with the Lake Babine Nation, Geologica has been granted access to Topley for completion of an IP survey; Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas; The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on-trend past-producing Granisle and Bell copper mines; American Eagle Gold Corp. has discovered a copper deposit on trend with Topley; The property is located in central BC, is road accessible and cost effective to explore year round BC Hydro power lines transect the property and several water sources are available on the property; Rail Access to tide water is only 40km away; Porphyries contain the largest reserves of Copper and close to 50% of gold reserves in BC; Topley Property consists of 11 mineral claims totaling 4,216 Ha with six known prospects and showings. About Geologica Resource Corp. Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. Further information on Geologica Resource Corp. can be found on the Company’s website https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca Doug Unwin President & CEO (604) 762-5355 doug.unwin@geologicaresource.com Forward-Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “ensuring”, “believe”, “anticipate”, “will”, “would” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. Tags: INDUSTRIAL METALS & MINERALS 0 Related News @ the Bell: Resource stocks lift TSX 21 hours ago @ the Bell: How did markets react to the BoC rate cut? 1 day ago @ the Bell: TSX hits one-month low 2 days ago Recent U.S. Press Releases Geologica Closes Financing And Property Acquisition 5 hours ago INDUSTRIAL METALS & MINERALS ADDITION OF NEW COPPER CLAIMS AT TOPLEY PROJECT April 18, 2024 INDUSTRIAL METALS & MINERALS Xcyte Digital Corp. Purchases Assets of A+ Conferencing April 3, 2024 TECHNOLOGY More Press Releases » Featured News Links Flow Test and Laboratory Analysis Confirm a Major New HELIUM Discovery in Minnesota This Small-Cap Gold Stock Keeps Notching Up High-Grade Gold in Nevada Thematic Insights: Free Podcast Exploring Market Trends & Emerging Sectors Get the latest news and updates from Stockhouse on social media facebook twitter linkedin Follow STOCKHOUSE Today (click to learn more)
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Bullboard - Stock Discussion Forum
Bonterra Energy Corp
T.BNE
Alternate Symbol(s):
BNEFF
Energy
Oil & Gas E&P
Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The...
Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. It also has assets in the Prespatou area of northeast British Columbia, which consists almost entirely of natural gas and associated natural gas liquids. It also has an undeveloped Charlie Lake asset that is prospective for light oil in Bonanza, Alberta. The Company has over 116 net sections of contiguous land in the light oil prone Charlie Lake.
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Bullboard (TSX:BNE)
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Jonathon Brown
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Post by
Jonathon Brown
on Jun 06, 2024 8:20am
Buzz on the Bullboards: 3 stocks breaking the silence of a quiet June
During this quieter month of June ahead of summer, some public Canadian companies have been engaging in serious business.
read article.
(7)
•••
Jnasty2pointO
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Comment by
Jnasty2pointO
on May 28, 2024 5:21pm
RE:RE:RE:RE:RE:RE:RE:RE:RE:Is what it is…
Patrick Oliver the CEO I meant. Lol my b
(16)
•••
blackdog
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Comment by
blackdog
on May 27, 2024 4:37pm
RE:RE:RE:RE:RE:RE:RE:RE:Is what it is…
And who is "Paul" that his opinion from two years ago overides what you read recently?
(58)
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Resilience2
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Comment by
Resilience2
on May 24, 2024 2:59am
RE:RE:RE:RE:RE:RE:RE:RE:Is what it is…
Which conference, from a year ago? Tier 1 inventory duration has increased massively simply because they're now drilling much less Cardium and CL instead. R.
(7)
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Jnasty2pointO
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Post by
Jnasty2pointO
on May 23, 2024 2:26pm
Who’s loading the boat here?
Answer............................... no one it appears, oof!!
(0)
•••
PressRelease
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PressRelease
on May 22, 2024 5:04pm
New Press Release - Bonterra Energy Corp. Announces Approval of All Resolutions at Annual Meeting of Shareholders and Voting Results
CALGARY, AB, May 22, 2024 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") announced that at its annual meeting of shareholders held on May 22, 2024, a total of 13,002,299, representing 34.89% of common shares outstanding, were represented in person...
read article.
(7)
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askQuestions1
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Comment by
askQuestions1
on May 21, 2024 8:40pm
RE:RE:RE:RE:RE:RE:RE:Is what it is…
In the conference he said they have 7 years of teir 1 drilling left in the Cardium.
(134)
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TheRexmember
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Comment by
TheRexmember
on May 20, 2024 10:40am
RE:RE:RE:RE:RE:RE:Is what it is…
Looking forward to the first CL drilling. Too bad gas prices killed most of the rally in Cardium stocks but there are lots of trading opportunities right now. Two good trades followed by one poor
...more
(7)
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Jnasty2pointO
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Comment by
Jnasty2pointO
on May 16, 2024 11:28pm
RE:RE:RE:RE:RE:RE:Is what it is…
lol, I will own that 100%. As a rationale person will do my apologies. I talked to Paul last year he told me 2-3 years left which made question what I thought I heard in the conference. Good luck to
...more
(7)
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askQuestions1
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Comment by
askQuestions1
on May 16, 2024 3:17pm
RE:RE:RE:RE:RE:Is what it is…
He said Teir one is less than 1 year payout LOL..... Do you even understand what that means? It means the well paysout in less than 1 year....
(178)
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kavern23
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Comment by
kavern23
on May 16, 2024 11:42am
RE:RE:RE:RE:RE:RE:Good thing
I was just joking around and posting satire. I agree with you on your points, some of these companies could see their share price go along. I not in the market and on sidelines right now as I dont
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(7)
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Jnasty2pointO
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Comment by
Jnasty2pointO
on May 16, 2024 8:39am
RE:RE:RE:RE:RE:Good thing
Who's blaming anyone? I have not once laid blame. There are in a shitty situation where it could go to zero but I don't fault anyone it is what it is. Doesn't mean you have to continue to
...more
(7)
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Jnasty2pointO
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Comment by
Jnasty2pointO
on May 16, 2024 6:24am
RE:RE:RE:RE:Good thing
Lmaooooooo!! Definitely don't have to make it back the way you lost it. Learned that lesson along time ago, but some of this unhinged bullishness and pumping that gives people brain damage needs
...more
(143)
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JayBanks
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Comment by
JayBanks
on May 16, 2024 12:31am
RE:RE:RE:RE:Good thing
But my dude, Crying, blaming others and commenting on a decreasing trend line on a stockchart is so much easier!
(178)
•••
kavern23
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Comment by
kavern23
on May 16, 2024 12:30am
RE:RE:RE:Good thing
Jnasty you need to put on your big boy panties and lose the diaper and keep grindin with Bne. you fools can invest in the cardium were many dreams have been broken
(178)
•••
kavern23
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Comment by
kavern23
on May 16, 2024 12:27am
RE:RE:RE:Good thing
Dude crying about all the money you gave have lost on Bne isn't going to bring the cash back....you can't blame the current management team for your past losses...fink isnt ceo any more.
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