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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 Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango... see more

Bullboard (TSXV:RECO)

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Post by Frank007on Jun 07, 2024 10:31pm

The rats are jumping ship …lol

Just what did you think would happen ...the right Honerable ....put in his place to try fleece the rest of you ostriches ...
221
Comment by stiffupperlipon Jun 07, 2024 3:18am

RE:RE:New Press Release - RECONAFRICA ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

Now he isn't an insider and it looks like there is one more run left (upcoming drilling program). If unsuccessful then that is the end of this story. So get out of the company and start peeling ...more  
120
Discussion
Post by Jonathon Brownon Jun 06, 2024 8:20am

Buzz on the Bullboards: 3 stocks breaking the silence of a quiet June

During this quieter month of June ahead of summer, some public Canadian companies have been engaging in serious business. read article.
Comment by YutesandGruteson Jun 06, 2024 3:10am

RE:RE:RE:a bust

Research Capital thinks they are the big bankers in Canada after completing this piddly raise for RECO. Try again. RECO just needing enough to complete multiple drills and stay above the lifeline. Not ...more  
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Discussion
Comment by YutesandGruteson Jun 06, 2024 3:08am

RE:RE:What a con game …lol

They follow their own path on not O&G market price. Chasing that sea of oil.
36
Discussion
Comment by investor55xon Jun 03, 2024 5:22pm

RE:What a con game …lol

Indeed, I have also noticed this pattern.  The dossier on this company is getting longer and longer. By the way: almost 300 million MC for almost nothing of substance.
74
Discussion
Post by Frank007on Jun 03, 2024 4:29pm

What a con game …lol

Again every energy stock is down but good old reco ...lol ...suck you ostriches into buying more shares no doubt ...lol
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Discussion
Post by Frank007on Jun 03, 2024 1:22pm

Holding up pretty good …

lol ...only down a penny ...Baytex is down ...34 cents ...what has product to sell ...what a great con game ...lol ....
46
Comment by Frank007on May 30, 2024 4:06pm

RE:MAJOR oil finds in Namibia! Oil everywhere…

It's all offshore ....like off shore Guyana ....nothing was ever found on shore Guyana either ...lol
95
Discussion
Post by pacer001on May 30, 2024 1:15pm

MAJOR oil finds in Namibia! Oil everywhere…

... but where Recaf is! One oil exploration company jumped 20% in one freaking day! See below: https://www.google.com/search?q=recent+oil+finds+in+namibia&sca_esv=c3c64dbb89e05100&source=hp ...more  
120
Discussion
Comment by Frank007on May 30, 2024 9:12am

RE:RE:a bust

The crooked bankster that did the underwriting have to run it up and down to try and get their paper off ...that's all ...
175
Discussion
Comment by pacer001on May 29, 2024 6:14pm

RE:a bust

Is anyone really surprised at this?  The surprise is thss as this zombie is sad till allowed to trade and there is anyone willing to buy it!
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Discussion
Post by Frank007on May 29, 2024 1:04pm

lol …pump and dump …lol

Ever notice when ever all other oil stocks go down ....Reco ...lol is always up ....that is to suck you into thinking there may be something here ...lol
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