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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)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Strathcona Resources Ltd T.SCR

Alternate Symbol(s):  STHRF

Energy Oil & Gas E&P
Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities... see more

Bullboard (TSX:SCR)

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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 Seppelton May 30, 2024 11:25pm

RE:RE:Congratulations to the longs dating back to.....

Some investors would rather passively hold a loosing stock waiting for a recovery, instead of averaging down. You often hear "catching a falling knife". I don't believe in holding ...more  
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Discussion
Comment by woodsmenon May 30, 2024 9:35pm

RE:Congratulations to the longs dating back to.....

Yes indeed it's been a long Haul.   I was in this from the Pennant Energy Days before BBI.    
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Discussion
Comment by Huntamun1234on May 30, 2024 8:29pm

RE:Congratulations to the longs dating back to.....

Well done Montrus !! Long and strong !
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Discussion
Post by montruson May 30, 2024 8:03pm

Congratulations to the longs dating back to.....

BBI....and then into the Pipestone era.  Is nice to finally see some love for the stock.  I believe the takeover price was around $37.50 and sold a little today to lock in some TFSA profit ...more  
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Discussion
Comment by Huntamun1234on May 30, 2024 2:30pm

RE:RE:Something Cookin' ?

 -- Strathcona Resources Ltd.  Trading volume was double the average for this time of day. * The shares increased to C$37.10 from C$34.70.  * The stock was the best performer among ...more  
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Discussion
Comment by uwebb429on May 30, 2024 2:11pm

RE:Something Cookin' ?

Up 8% today and climbing. Thinly traded stocks are fun. When someone wants in, they jump. SCR is still a good company to own even after today's run. Lots of long term potential. Any positive news ...more  
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Discussion
Post by Huntamun1234on May 30, 2024 12:58pm

Something Cookin' ?

Second day in a row that the equity markets have gotten blasted. WTI is down over a buck today, but SCR is up 6% midday on above avg volume. The stock has equaled its 52 week high of $36.90! Lets see ...more  
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Discussion
Post by uwebb429on May 18, 2024 1:17pm

Top 5 Gainers This Week

A strong week for SCR. https://boereport.com/2024/05/17/week-in-review-stock-gainers-fallers-and-most-read-articles-59/
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Post by cmsmelbchon May 17, 2024 7:06pm

New 14 May Presentation

Lots of positive catalysts. Glad I held.
119
Post by montruson May 17, 2024 12:27pm

A record $5.95 MM paid for Montney section 34-69-7 ....Wow!

And sits beside 3 sections that sold for close to $12 MM just 18 months ago.  Any idea who the buyer is?  CNQ would not pay that; doubt is SCR.....the obvious assumption has to be NVA; but I ...more  
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Post by uwebb429on May 16, 2024 10:58am

TD - Q1/24 Results In Line

https://twitter.com/emmpeethree/status/1790885640961470824
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Post by Huntamun1234on May 16, 2024 8:58am

Some Positive Mojo

Strathcona Resources Shares Up 5.5%, Most in 6 Weeks; Sales Beat 2024-05-15 19:51:05.974 GMT  -- Strathcona Resources Ltd. rose 5.5%. The company reported EPS below estimates and sales above ...more  
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Post by Huntamun1234on May 14, 2024 7:30pm

Conference Call 5/15

Conference Call Details Strathcona will host a conference call on May 15, 2024, starting at 11:00AM ET (9:00AM MT), to review the Company's first quarter 2024 financial and ...more  
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Post by Huntamun1234on May 14, 2024 1:15pm

S+P Global Rating

-- Strathcona Resources Ltd. has steadily increased its production scale, exiting 2023 with 186,000 barrels of oil equivalent (boe) per day of production and net proved reserves of 1.15 billion boe ...more  
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