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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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NorthStar Gaming Holdings Inc. V.BET

Alternate Symbol(s):  NSBBF

NorthStar proudly owns and operates NorthStar Bets, a made-in-Ontario casino and sportsbook gaming platform that provides players with a uniquely local, premier user experience. The NorthStar Bets sportsbook provides real-time news, stats, analysis and scores directly in the betting environment along with the most popular online casino games.


TSXV:BET - Post by User

Comment by ScarletSpideron May 03, 2024 11:31am
31 Views
Post# 36021742

RE:RE:Q1 2024 Quite Likely To Be Out End Of This Month

RE:RE:Q1 2024 Quite Likely To Be Out End Of This MonthYes it looks to be that way. I hope not about .15 to .25 next year. My trajectory is based on besting 2023 quarter over quarter. There is no way as far as i am concerned with an ipo after the first year falling way more than 87 percent that it should not get up to 50 to 75 percent with strong financials. In 2022 there is nothing to compare results to or not much. But we do see the explosive growth throughout 2023 which warrants in my lay persons opinion way more than .035 it fell to and definitely more than a lousy .10 that it fell from several times and should not have. 

With quarter over quarter improvement from comparative ones of 2023 the stock justifiably should rise because that is how they work. Now if lets say in q2 2024 reporting that the company not only bests the comparative quarter in 2023 it should rise and if at the same time it bests the first quarter 2024 it should rise even more. I strongly believe it will best 2023 for first quarter and the second quarter 2024 will best q2 2033 but will it also best q1 2024 i dont know.

Right now there is possibly only partial 2022 base comparison if i am not mistaken but leaving that aside we see full 2023 so the key is does the comparative quarters 2024 best those of 2023? With every besting that is justification for share value to increase and stay up. 

22.5 million gross gaming for full 2023 is the point of interest along with all other metrics. If any of the quarters beat that this should catch fire and while that is fairly high for this to be a premium stock it will inevitably need to best high totals of possibly a whole year in less and to be suoer good assuming it beats the whole year say in 3 quarters if it best that in 1 quarter to the point the numbers are ridiculous that it again is based quarter over quarter something when you get to Penn or Draft King status. But quarter over quarter current year to previous then besting quarter to quarter same year while besting last year too then if it best a whole year in less than a year and ultimately in lesser quarters.

Time will tell. I see this besting quarter to quarter current to previous lets see if it will also best quarter to quarter current and when it will move to besting 4 quarters worth in 3 or less quarters. I dont believe this will be less than .50 this year but this is on the basis this will be very solid besting quarter to quarter current year to previous and i would think it shoukd best its own consecutive current quarters but i am falling short saying that right now as i have to see what q1 2024 looks like. So lets say the third q last year was 7.1 million i forgot the tally i do expect q1 2024 to best that but 22.5 million will take doing. Q1 2024 i expect to see gross gaming in the vacinity of 10 plus million now that is if that q3 tally was 7.1 million but the point is whatever that tally was i expect q1 2024 to best it by at least 2 million.

We shall see where things go.
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