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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 Franco-Nevada Corp FNV


Primary Symbol: T.FNV

Metals & Mining Gold
Franco-Nevada Corporation is a Canada-based gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. The Company's business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. The Company is debt-free and uses its free cash flow to expand its portfolio and pay dividends. Its segments... see more

Bullboard (TSX:FNV)

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Post by UNKLALon May 06, 2024 10:12am

I'm real happy

about MY BUY on Feb.1st, up 16+% to date; annualized 64%!!! UNKLAL
74
Post by itsjustme1on Mar 31, 2024 10:50pm

Gold Price

All of a sudden $2,300 high gold price for 2024 may seem on the low side
142
Post by Billybabin61on Mar 23, 2024 9:03am

Windfall for FNV CFO!

Company management gets richer while shareholders get a few pennies every quarter....... Options exercised at $48, and sold at $160, a cool 1.3 million profit. 
134
Comment by goldstd69on Mar 15, 2024 6:54pm

RE:Good Report

I don't rule out the mine in Central America getting a second chance.  The economy is in shambles and a mine would hire a lot of needy people...jmho
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Discussion
Post by Billybabin61on Mar 06, 2024 7:41am

Good Report

They flushed out Conre from the earnings picture which is good.  Ore visibility now which looks very strong. Should be re ratings and trend up. 
108
Discussion
Post by Betteryear2on Mar 05, 2024 8:44pm

Conference Call

The complete audited Consolidated Financial Statements and Management's Discussion and Analysis can be found on our website at www.franco-nevada.com, on SEDAR+ at www.sedarplus.com  ...more  
128
Post by Betteryear2on Mar 05, 2024 8:42pm

Franco-Nevada Reports 2023 Results

Business Remains Robust Despite Production Halt at Cobre Panama (in U.S. dollars unless otherwise noted) TORONTO, March 5, 2024 /CNW/ - "In late 2023, we were challenged by the ...more  
133
Post by MyHugeErectionon Mar 05, 2024 4:18pm

Looks like ...

... FNV is finally back on track once again ... and hopefully here to stay.  A good, strong day at +$4.47 Cdn with all of the markets down the toilet.  A good sign of huge buying volume ...more  
141
Comment by goldstd69on Feb 20, 2024 4:36pm

RE:Why Canada Pension Funds Must Invest More in Resource Sector

Is Canada run by communists and woke folk....resource companies are just a pest...so dont hold your breath on pension funds
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Discussion
Post by Betteryear2on Feb 17, 2024 4:43pm

Why Canada Pension Funds Must Invest More in Resource Sector

3,453 Views Feb 14, 2024 RC Live Podcast LISTEN: Red Cloud Financial Services RC Live Series Presents: Live discussion with Frank Giustra and Pierre Lassonde focusing on the pivotal role Canadian ...more  
141
Discussion
Post by Blunty1969on Feb 13, 2024 5:04pm

Finger in the trigger

Was just about to buy Franco but right now it's not looking good for gold. Hope I get a better entrance point 
74
Post by UNKLALon Feb 07, 2024 8:53am

So is the

Liberal promised funding the silver bullet that FNV needs to move the share UP??? UNKLAL
74
Post by UNKLALon Feb 01, 2024 10:08am

Good morning

I just bought in n hope they sort out the copper mine in Panama cause I'm betting on it!!! UNKLAL
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