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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 Algold Resources Ltd. ALGDF

Metals & Mining Industrial Metals & Minerals
Algold Resources Ltd is a junior mineral exploration company. The company is focused on the exploration and development of gold deposits in West Africa. Its properties are located in Mauritania, including Kneivissat, Legouessi, and Tijirit and Akjoujt.

Bullboard (GREY:ALGDF)

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Comment by Viosimirion Dec 19, 2017 10:25pm

RE:WTF is happening!?

feeling the same way - is so quiet and other than good results from drilling we didn't got any news to keep us motivated :(. I can see this explode at one point but is painful watching.
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Discussion
Post by Chuckleeon Dec 19, 2017 7:32pm

WTF is happening!?

What is happening with this stock? No word from the management, a sinking ship. Can't believe i bought near $0.3. So friggen annoying and a bunch of BS. Wake the F! up ALG. 
56
Discussion
Comment by Viosimirion Dec 16, 2017 11:05am

RE:RE:RE:RE:RE:RE:Good results again

Still waiting an answe to my email. Did any of you tried to talk with our leadership and if yes how fast or slow are they when they need to answer questions for their shareholders?
23
Discussion
Comment by Viosimirion Dec 08, 2017 9:31am

RE:RE:RE:RE:RE:Good results again

I don't want to pick up a time frame but after they finish the drilling program they will prepare the PEA in order to understand the fesability of the mine. The problem is all the news we received ...more  
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Discussion
Comment by PabloPickstockoon Dec 07, 2017 7:37pm

RE:RE:RE:RE:Good results again

Thanks Viosimiri. What time frame do you expect before this starts turning around? I bought it at .26 so I'm getting worried a bit.
32
Discussion
Comment by Viosimirion Dec 07, 2017 2:35pm

RE:RE:RE:RE:RE:Good results again

I found Moreamar on other boards too and in all of them he has the same attitude - bashing left and right :). I am curious if you have a stock that you can talk good about because I will like to see ...more  
51
Discussion
Post by Elviswong1on Dec 07, 2017 1:33pm

Game over!!!

Well it's over, I waited, waited, I sold everything
37
Comment by Chuckleeon Dec 07, 2017 10:32am

RE:RE:RE:RE:Good results again

How much skin do you have in the game, Moreamar? How much are you shorting? You have contributed absolutely nothing to this board. 
33
Discussion
Comment by moreamaron Dec 07, 2017 9:51am

RE:RE:RE:Good results again

b/c they have diluted stock over 100mil shares in 1yr. so the frenchmen will run it down to about $.04 them consolidate,so its dead $$$ for 1-2yrs.
33
Discussion
Comment by Viosimirion Dec 06, 2017 4:21pm

RE:RE:RE:Good results again

Because few players are playing with the share price to drop it and scare people that don't have the patience to wait for this to explode and they sell out cheap. In this way they build their ...more  
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Discussion
Comment by PabloPickstockoon Dec 06, 2017 3:53pm

RE:RE:Good results again

I don't get it. Why do good results push the stock down?
21
Discussion
Comment by Viosimirion Dec 06, 2017 10:45am

RE:RE:Good results again

Should I thank you for that, because you help me average down?
10
Discussion
Comment by moreamaron Dec 06, 2017 9:36am

RE:Good results again

Finally good news! this shld push the stock to new lows by Fri.
14
Discussion
Post by Viosimirion Dec 06, 2017 9:27am

Good results again

More good results. https://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=5228474721942822&cp=off&webmasterId=101020 Looking forward for this to move to the next level
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Discussion
Comment by moreamaron Dec 04, 2017 10:21am

RE:RE:RE:RE:RE:RE:Any Christmas presents?

Management @ALG have discovered OKA cheese on their Afreakin mine site!!LOL
22
Discussion
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