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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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Breaking & Recent News Nevada Zinc Corp GDSKF


Primary Symbol: V.NZN

Metals & Mining Industrial Metals & Minerals
Nevada Zinc Corporation is a Canada-based development stage company focused on the production of zinc oxide from its Lone Mountain zinc deposit in Nevada. The Company's principal business activity is the exploration and development of its high-grade zinc carbonate-oxide deposit located near Eureka, Nevada. The Company’s 100% owned Lone Mountain project is located within close proximity to... see more

Recent & Breaking News (TSXV:NZN)

Nevada Zinc Reports on Majority Owned Generic Gold Corp's Exploration Update on Its Goodman Gold Project

Newsfile December 14, 2017

Nevada Zinc Core Drills 16.62 metre (54.5 foot) interval assaying 12.79% Zinc and 8.84% Lead (21.63% zinc+lead) in an overall interval of 91.5 metres (300 feet) averaging 7.67% Zinc and 1.91% Lead (9.58% zinc+lead)

GlobeNewswire November 21, 2017

Nevada Zinc Reports on Majority Owned Generic Gold Corporation's Exploration Program on the VIP Gold Project

Newsfile November 16, 2017

Nevada Zinc Options Zinc-Copper Project with Historic Resources and Significant Untested Exploration Targets

Newsfile October 23, 2017

Nevada Zinc Provides Update On Majority Owned Generic Gold’s Exploration Program On The Livingstone Project

GlobeNewswire October 13, 2017

Nevada Zinc Provides Update on Majority Owned Generic Gold's Exploration Program on the Livingstone Project

Newsfile October 13, 2017

Nevada Zinc Announces Proposed Going Public Transaction of Majority Owned Generic Gold Corporation with Wamco Technology

Newsfile September 26, 2017

Nevada Zinc Announces Restructuring of Yukon Gold Assets and Closing of First Tranche of Financing

Newsfile June 29, 2017

Nevada Zinc Initiates Work Program Including Core Drilling on Its Lone Mountain Zinc Project

Newsfile June 22, 2017

Nevada Zinc Corporation Completes Oversubscribed Prospectus Offering of $2.2 Million

Newsfile May 29, 2017

Nevada Zinc Corporation Files Final Prospectus and Announces Pricing for Public Offering of Units

MarketWire Canada May 15, 2017

IIROC Trading Resumption - NZN; MCE

Canada NewsWire April 10, 2017

IIROC Trade Resumption - Nevada Zinc Corporation

Newsfile April 10, 2017

Nevada Zinc Corporation Announces Public Offering of Units

Marketwired April 10, 2017

IIROC Trading Halt - NZN

Canada NewsWire April 10, 2017

IIROC Trade Halt - Nevada Zinc Corporation

Newsfile April 10, 2017

CORRECTION FROM SOURCE - Nevada Zinc: Livingstone Project Potential as Source of Large Gold Nuggets Confirmed by Government Survey

Newsfile March 7, 2017

Nevada Zinc: Livingstone Project Potential as Source of Large Gold Nuggets Confirmed by Government Survey

Newsfile March 3, 2017

Nevada Zinc Announces Filing of Technical Report on the Lone Mountain Project

Newsfile February 27, 2017

Nevada Zinc Continues to Intersect near Surface Zinc at Lone Mountain

Newsfile February 16, 2017