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News Focus
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 Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Metals & Mining Gold
Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10... see more

Bullboard (TSX:MND)

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Post by InfoIsKeyon Jun 07, 2024 9:49am

Good results from Sweden

Jim's summary https://mining.beehiiv.com/p/jims-mining-letter-june-7-2024 Worth reading
44
Post by Jonathon Brownon 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.
Post by coffeewizon Jun 03, 2024 12:43pm

results

i have been in longer than nick and still believe this stock can go higher.  gold has been well above 2300 for the whole quarter to date. it is all up to production to meet the the 25000 oz ...more  
93
Post by Nick2021on May 17, 2024 12:47pm

Thank you, Mr. Duffy

Hey, and I just wanted to add one last thing -- my sincere and deep appreciation for the job that Dominic Duffy did when he took over as CEO.  The company was not in good shape when he did that ...more  
140
Comment by Nick2021on May 17, 2024 9:15am

RE:I'm out

Same here -- this precisely sums up my feelings about the company as well, and I'm eliminating my position.  Best wishes to everyone who holds, but for myself, I want my money in a live stock ...more  
100
Discussion
Post by Lowcapmocapon May 17, 2024 5:17am

I'm out

Hopefully for everyone else that means it rockets from here XD On a more serious note I sold my whole position about a day after my last post really due to the reintroduction of the gold hedges ...more  
158
Discussion
Comment by Nick2021on May 15, 2024 2:03pm

RE:4 large investors

I dunno -- I have no idea what they think or plan.  One of them at least has a close association with MND, and is led by (I believe) a former CEO of the company.   I personally feel ...more  
110
Discussion
Post by ontheroad1on May 15, 2024 6:41am

4 large investors

Hello Nick, you have been a shareholder since 2017.. right? You've been through quite a bit and still here despite. You mentioned the company almost went under and would have gone under without ...more  
131
Discussion
Comment by Nick2021on May 14, 2024 9:52am

RE:RE:RE:acquisition

 It makes you wonder why the 4 large investors have stuck around. Same here!  I do wonder this -- MND is unusual in that it has 4 very large shareholders and minimal liquidity.  I don ...more  
84
Discussion
Comment by ontheroad1on May 14, 2024 8:05am

RE:RE:RE:RE:acquisition

Nick, one last thing. In his latest presentation, the CEO mentions that Costerville is never going to double in size: it's just the nature of the ore body. Extending the mine life is all that they ...more  
62
Discussion
Comment by ontheroad1on May 14, 2024 7:59am

RE:RE:RE:acquisition

</hence, i commented on here that if we get a little help from the market and we end up with $100 million plus in cash by year end 2024, should the ceo not consider an acquisition versus a merger ...more  
76
Discussion
Comment by ontheroad1on May 14, 2024 7:56am

RE:RE:acquisition

Nick hello, thanks for the detailed reply, the company has a colorful history, no doubt. It makes you wonder why the 4 large investors have stuck around. Has the new CEO been brought in to finally ...more  
63
Discussion
Comment by Nick2021on May 13, 2024 6:42pm

RE:acquisition

I've been a long-time shareholder of MND (starting in 2017), and I thought for almost all of that time that the company has a huge upside.  However, this upside never materialized, and now ...more  
83
Discussion
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