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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 Victoria Gold Corp T.VGCX

Alternate Symbol(s):  VITFF

Victoria Gold Corp. is a Canada-based gold mining company. The Company is engaged in the operation, exploration and acquisition of mineral properties. Its flagship asset is its 100% owned Dublin Gulch property, which includes the Eagle Gold Deposit, the Olive Deposit, Raven Gold Deposit, the Wolf Tungsten Deposit, the Potato Hills Trend, including the Nugget, Lynx, Popeye, Rex-Peso, East Potato... see more

Bullboard (TSX:VGCX)

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Comment by HoneyBadger77on Jun 09, 2024 3:23pm

RE:RE:Checkout Taylor Dart's rec on Seeking Alpha - VITFF

I see that my excerpts from the Dart article didn't post and neither did the comments I added after the excerpts but the link seems to work so that will have to do.  An interesting read ...more  
Comment by HoneyBadger77on Jun 09, 2024 3:15pm

RE:Checkout Taylor Dart's rec on Seeking Alpha - VITFF

It appears phoenix_trader that if you included a link or any excerpt it didn't post so for those that are interested give this link a try:  Victoria Gold: Ignore The Weak Q1 Results (TSX ...more  
Post by phoenix_traderon Jun 09, 2024 1:19pm

Checkout Taylor Dart's rec on Seeking Alpha - VITFF

Summary Victoria Gold had a tough Q1 with production coming in below planned levels, made worse by the fact that this is already the seasonally weakest part of the year. However, I remain confident ...more  
Post by Whvcgoldon Jun 07, 2024 9:22pm

Bought back at 7.73

See what will happen next week.
Post by kegmanon Jun 07, 2024 4:22pm

Anon selling

1 Anonymous 119,850 932,626 7.782 209,545 1,625,090 7.755 -89,695 692,464
Post by kegmanon Jun 07, 2024 3:20pm

GOLD 2,299.72 ▼ -77.52

Holding up at $7.70.  Shorts covering?  Anon is still selling more than buying 2:1
Comment by kegmanon Jun 07, 2024 2:26pm

RE:RE:RE:Jobs report

Covering 1.6M shorts would vault this thing well over $10.  That has to frighten the avg shorter .  Seems like bottow at $7.70.  I have a 10K bid at 7.67 now.  Willing to buy 20K ...more  
Comment by HoneyBadger77on Jun 07, 2024 2:20pm

RE:RE:Jobs report

Yeah Kegman and next week, the narrative will change from the negative news today that China bought 0 ozs in May to;  China bought 0 oz in May BUT the rest of the BRICS increased buying in May ...more  
Post by kegmanon Jun 07, 2024 1:22pm

Not much for sale

I was hoping for some in the $7.60's.  Anyone want to sell 10K at $7.69?  
Comment by kegmanon Jun 07, 2024 10:28am

RE:Jobs report

PLus China announced they bought 0 ozs in May after 18 months of buying.  That was on BNN this morning.  
Post by Swingandmisson Jun 07, 2024 9:50am

Jobs report

So for about the 20th month in a row, the jobs report blew away the street's expectations which always causes gold and the miners to tank. Rate cuts get pushed back, economy is strong, etc.   ...more  
Comment by kegmanon Jun 07, 2024 8:55am

RE:RE:Gold down large overnight

54 days.  4 weeks vacation in there too.  Not too many work days left.  Still young enough to enjoy.  
Comment by Powermano7on Jun 07, 2024 8:40am

RE:Gold down large overnight

Wow you called it Kegman. Good going. VGCX is sure to follow the gold price down, so your in the money again. Maybe early retirement is in the offing. DF
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