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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 Royal Nickel Corp. RNKLF

Metals & Mining Industrial Metals & Minerals

Bullboard (GREY:RNKLF)

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Comment by ark88on Nov 17, 2022 1:55pm

RE:RE:RE:Recaf

https://media.giphy.com/media/ZRiMLJWIzQ3kc/giphy-downsized-large.gif
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Discussion
Comment by ark88on Dec 21, 2021 10:48am

RE:RE:Recaf

KONTAN.CO.ID - JAKARTA. Special Task Force implementing Upstream Oil and Gas Business Activities (SKK Migas) noted that until November 2021 there are still 61 10% PI bidding process underway. Head of ...more  
144
Discussion
Post by Reconafricaon Dec 05, 2020 1:34pm

Recaf

guys do yourself a favor and check out reconafrica. Has the potential to be life changing! https://youtu.be/jyS59jgMgiU
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Discussion
Post by Tradingvet55on Aug 13, 2020 8:04pm

Check out XTT next RNX

I bought RNX at 20 cents and still holding now that it's KNR. Xtt is a comparable junior gold mining site just announced their drilling results. Huge upside only at 20 cents will run to $1+ in the ...more  
561
Post by Farquaron Jul 22, 2020 4:09pm

The importance of mining Spargos

Just to get a general idea of what kind of money can be generated just by mining the 785,000 tons of indicated at 4.4 g/t.. at spargos deposit. At full capacity running the 785,000 tons of ore through ...more  
450
Comment by Symbioticon Jun 18, 2020 7:25am

RE:share count

That is odd. That would be almost double the proposed 11 to 1 consolidation.  
411
Discussion
Post by moneywreckeron Jun 18, 2020 5:48am

share count

strange:  on stockwatch the sharecount for KRR: 27,716,711  for RNX: 608,303,967
654
Discussion
Post by Symbioticon Jun 17, 2020 11:09pm

For any interested

A new Rob Kirby video on Liberty and finance channel. Also another Jim Willie on Silver doctors. Just a mention for any so inclined.
272
Post by Symbioticon Jun 17, 2020 9:58pm

US debt clock

Dollar to gold and silver ratio, 30,000and 3600 respectively and rounded. Fiat creation gone wild.
231
Post by Geodan2on Jun 17, 2020 9:06pm

On the new website and presentation for Karora

The new website https://www.karoraresources.com/ is very new indeed and same with presentation https://filecache.investorroom.com/mr5ircnw_karora/1646/Karora%20Presentation%2017-Jun-2020.pdf Just ...more  
343
Post by Symbioticon Jun 17, 2020 8:32pm

I hope

That all previous posting history is not detached from the Stockhouse site when it goes under the new name. So far I only see about four posts deep on this page as it sits. Just because a company gets ...more  
278
Post by Luckydevilon Jun 17, 2020 5:40pm

Maybe not a good idea

Just an after thought cause i was in favor of a name chane to something remotly close to a gold sounding name but for a company not on any majors radar yet maybe making it more unrecognizable they ...more  
331
Comment by Luckydevilon Jun 17, 2020 5:36pm

RE:On the TMX pages

I keep getting king river resouce that dropped like a stone today and my heart jumps before my eyes see this is not the stock you are looking for haha that going to be a problem
138
Discussion
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