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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
Kore Mining Ltd
KOREF
Primary Symbol:
V.KORE
Metals & Mining
Gold
"Kore Mining Ltd, formerly Eureka Resources Inc offers exposure to precious metals exploration and development in North America."
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Bullboard (TSXV:KORE)
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(31)
•••
blackbird
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Comment by
blackbird
on Mar 10, 2024 4:55pm
RE:RE:RE:RE:News
Any news on Kores activities or predictions on thier future ? Buying at 0.055 cents ? Without any facts, this one looks very promising to me ! Anyone?
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Oct 19, 2023 6:09pm
RE:RE:RE:News
Back to 5 cents... You must be buying like crazy
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Aug 30, 2023 3:08pm
RE:RE:RE:RE:RE:News
Not sure how long you have followed this company, but they did a rights offering last Oct/Nov...0.75 right per share and you can the buy at 1 cent per right. So I bought a load of shares
...more
(133)
•••
digital130
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Comment by
digital130
on Aug 12, 2023 11:32pm
RE:RE:RE:RE:News
low was 2 most of the bottom was 3 cents. There is daytrading then there is just common cent lol. At 3 cents the stock valuation was 6 million. crazy it got that low Have a nice day
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Aug 11, 2023 5:37pm
RE:RE:RE:News
the people who loaded up at 1-3 cents are pretty happy to get 5.5 .... Hindsight a wonderful thing for forum chats.... Looks like we know now what the people in the know knew for
...more
(133)
•••
digital130
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Comment by
digital130
on Aug 11, 2023 4:39pm
RE:RE:News
who sells this at 5 cents.
(0)
•••
PressRelease
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Post by
PressRelease
on Aug 11, 2023 8:47am
New Press Release - KORE and Torres Martinez Desert Cahuilla Indians Sign Letter of Intent for Resource Development
Announces change to its Board of DirectorsVancouver, British Columbia--(Newsfile Corp. - August 11, 2023) - KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) ("KORE" or the "Company") is pleased to welcome the Torres Martinez Desert Cahuilla Indians ("TMDCI") as a strategic community and business...
read article.
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Aug 02, 2023 11:24am
RE:News
Yes not sure why so strong... But I decided to sell here and wait for more news on the financing etc.... Watching from the sidelines now... Good luck
(45)
•••
frankjosephjr1
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Post by
frankjosephjr1
on Jul 21, 2023 11:15am
News
But they have to do a finacing to fund operations
(0)
•••
PressRelease
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Post by
PressRelease
on Jul 21, 2023 8:47am
New Press Release - KORE Mining Announces 2023 Exploration Plan at the Long Valley Gold-Silver Project
Drill Testing Shallow Oxide Expansion and High-Grade Sulphide Feeder Structure Targets Announces Grant of Options and Shares for Debt TransactionEngages Mezzo Consulting Services S.A. as Market MakerVancouver, British Columbia--(Newsfile Corp. - July 21, 2023) - KORE Mining Ltd. (TSXV: KORE...
read article.
(133)
•••
digital130
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Comment by
digital130
on Jul 12, 2023 3:34pm
RE:RE:RE:RE:Volume again today
good volume 4 of last 5 days. Profit taking today, outside the daily bollinger and weekly at 5 cents. We get above and we will go for a small ride. Goolduck
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Jul 12, 2023 9:58am
RE:RE:RE:Volume again today
taken out 5.5 and not much on the ask at 6 cents,,, i had almost sold it but looks like it is coming back to life... glad i picked up the 1 cents rights If they get the permits they
...more
(133)
•••
digital130
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Comment by
digital130
on Jul 11, 2023 3:43pm
RE:RE:Volume again today
monthly chart looks very nice. Got room. eom
(100)
•••
RockLobster1
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Comment by
RockLobster1
on Jul 09, 2023 6:39pm
RE:Volume again today
yes looks like something is up... nice to see it on the buy side... if we get above 5.5 could pop a few cents...
(45)
•••
frankjosephjr1
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Post by
frankjosephjr1
on Jul 07, 2023 11:33am
Chart
Just imagine https://schrts.co/hwwfVSzP
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