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Gowest Gold Ltd V.GWA

Alternate Symbol(s):  GWSAF

Metals & Mining Gold
Gowest Gold Ltd. is a Canada-based gold exploration and development company. The Company’s projects include Frankfield, Pipestone, Tully and Whitney. The Company is focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property. The Frankfield Property covers an area of approximately 842 hectares and is comprised of eight mining leases. The Company’s wholly owned Pipestone East Gowest, which consists of 21 unpatented mining claims (4,274 hectares). The Tully North Property is located three kilometers (km) northeast of the Bradshaw Gold Deposit and is comprised of one mining lease and one unpatented claim totaling 228 hectares. The Gowest Whitney Property consists of nine patented claims (mining and surface rights) totaling approximately 144 hectares. It is located in the center of the Timmins Gold Camp, 10 km west of downtown Timmins, Ontario and 25 km south of the Bradshaw Gold Deposit.


TSXV:GWA - Post by User

Gowest Gold Ltd > Shares for Debt
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Post by Tim2Agamion Jul 01, 2023 8:29am
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Post# 35523476

Shares for Debt

Shares for DebtJust as important as finding new reserves below ground is cleaning up the balance sheet above board. Although the barrels-full of shares is additionally liquid, the price is not a fire sale, and the debt will be extinguished without being deemed hosed (or hosers).

GOWEST GOLD LTD. ("GWA")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: June 30, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 50,814,076 common shares in the capital of the Company at a deemed price of $0.135 per common share to settle outstanding debt for $6,859,900.24.

Number of Creditors: 2 Creditors

Non-Arm's Length Party / Pro Group Participation: N/A
The Company shall issue a news release when the shares are issued and the debt extinguished.  
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