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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 iShares Global Real Estate Index ETF T.CGR

Alternate Symbol(s):  IGREF

The investment objective of the Fund is to replicate, to the extent possible, the performance of the Cohen & Steers Global Realty Majors Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment... see more

Bullboard (TSX:CGR)

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Post by freequoteslon Jun 06, 2006 12:26am

LISTEN

If Mcewen wants out so be it , usgl better watch for Agnico Eagle baby they are drilling right now...and if they want it https://www.stockhouse.ca/news/news.asp?newsid=3721015&tick=CGR https ...more  
117
Post by December3on Jun 05, 2006 7:55pm

Share price to plumet - USGL pulls out

U.S. Gold Corporation (OTCBB: USGL) announced today that, in view of certain regulatory requirements, it has terminated its offer to acquire all of the common shares of White Knight Resources Ltd ...more  
74
Post by freequoteslon Jun 04, 2006 2:30pm

mcEWEN

https://www.forbes.com/free_forbes/2006/0619/150_2.html
65
Comment by bjgnomeon May 31, 2006 3:58pm

RE: I WANT MY USGL SHARES!!!!!

cgref is now trading at $4.12 canadian vs. $4.45 canadian for CGR.V... same stock if you don't care about the liquidity and are just looking for usgl at a discount.
199
Discussion
Comment by bjgnomeon May 31, 2006 3:52pm

RE: I WANT MY USGL SHARES!!!!!

Which stockholder in their right mind wouldn't want their shares to be worth 40% more? CGREF is trading even lower than CGR.V right now. Same co, just no liquidity there. USGL will have a ...more  
183
Discussion
Post by freequoteslon May 31, 2006 9:29am

What a DEAL!!!!

.63 of a USGL shar for 4 CANADIAN wow!!!
128
Comment by bjgnomeon May 30, 2006 2:06pm

RE: Why the big drop?

USGL 40% off? Nice. I'm in.
65
Discussion
Comment by bjgnomeon May 29, 2006 3:47pm

RE: Why the big drop?

the exchange ratio looks great right now when you look at CGR's price. But what is up with this stock? The volume is absolutely none. Don't get it. Any ideas?
134
Discussion
Post by seriousinveston May 26, 2006 6:38pm

Why the big drop?

I realize there was very little volume but why the 15% drop? Anyone have an idea. Also why has management expresssed no opinion about the USGL offer. They have certainly had enough time. I would ...more  
93
Post by bjgnomeon May 26, 2006 6:13pm

Anyone here opposed to this deal going thru?

Anyone here opposed to this deal going thru? Looks like a win all around to me.
45
Post by viajoon May 22, 2006 1:39pm

First gold-miners ETF begins trading

First gold-miners ETF begins trading By John Spence, MarketWatch Last Update: 11:03 AM ET May 22, 2006 BOSTON (MarketWatch) -- The first exchange-traded fund to invest in shares of public gold ...more  
147
Comment by December3on May 19, 2006 2:01pm

RE: ANOTHER PLAYER IN THE GAME???

Note in the PR from Tone, the McEwen resignation is explained. The company has also received Robert McEwen's resignation as a director of the company. Mr. McEwen has advised the company he ...more  
149
Discussion
Post by flyer4on May 19, 2006 1:48pm

Tone Resources board accepts takeover opinion

Tone Resources board accepts takeover opinion Tone Resources Ltd (C:TNS) Shares Issued 18,786,927 Last Close 5/18/2006 $1.75 Friday May 19 2006 - News Release Mr. Scott Baxter reports Tone ...more  
103
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