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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 Ibc Advanced Alloys Corp V.IB

Alternate Symbol(s):  IAALF

Metals & Mining Industrial Metals & Minerals
IBC Advanced Alloys Corp. is a beryllium and copper advanced alloys company. The Company serves various industries, such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. The Company has two divisions: Copper Alloy and Engineered Materials. The Copper Alloys division manufactures and distributes a variety of copper alloys as castings and forgings... see more

Recent & Breaking News (TSXV:IB)

IBC Advanced Alloys Names Chief Technology Officer to Explore Production of New Advanced Alloy Products

GlobeNewswire October 19, 2021

IBC Advanced Alloys Announces Closing of Initial US$1,500,000 Funding by The Lind Partners

GlobeNewswire October 14, 2021

IBC Advanced Alloys Announces Execution of Definitive Funding Agreement with The Lind Partners for an Initial Funding of US$1,500,000

GlobeNewswire October 7, 2021

IBC Advanced Alloys Raises Funds Via Master Lease Agreement to Support Ongoing Consolidation and Expansion of its Indiana Copper Alloys Production Facility

GlobeNewswire October 4, 2021

Global Semiconductor Demand Drives a 78% Y/Y Increase in Unit Sales for IBC's Beryllium-Aluminum Division

GlobeNewswire August 3, 2021

IBC Advanced Alloys (TSXV:IB) enters into credit facilities

Trevor Abes  July 29, 2021

IBC Advanced Alloys Announces Entering Into Credit Facilities

GlobeNewswire July 29, 2021

U.S. Rep. Trey Hollingsworth Tours IBC's Copper Alloys Plant Expansion Project in Indiana

GlobeNewswire July 19, 2021

IBC Advanced Alloys Announces Closing of its Non-Brokered Private Placement

GlobeNewswire June 23, 2021

IBC Advanced Alloys Announces Increase in Non-Brokered Private Placement to C$1,900,000

GlobeNewswire June 10, 2021

IBC Advanced Alloys Announces C$1.0 Million Non-Brokered Private Placement

GlobeNewswire June 1, 2021

IBC Advanced Alloys Announces Election to Issue Shares in Satisfaction of Debenture Interest Payment Obligations

GlobeNewswire May 28, 2021

IBC Advanced Alloys to Host Live Investor Webcast and Conference Call at 10:30 a.m. Eastern on Friday, May 21, 2021

GlobeNewswire May 18, 2021

IBC Advanced Alloys Reports Financial Results for the Quarter Ended March 31, 2021

GlobeNewswire May 17, 2021

IBC Proposes to Re-Price Warrants

GlobeNewswire April 27, 2021

IBC (TSXV:IB) to manufacture beryllium alloy parts for F/A-18 Super Hornet Aircraft in $10 million deal with Raytheon Technologies (NYSE:RTX)

Julia Kennedy  April 8, 2021

IBC Wins More Than $1.0 Million in New Business from Raytheon for Beryllium Alloy Parts for the F/A-18 Super Hornet Aircraft

GlobeNewswire April 8, 2021

IBC Advanced Alloys (TSXV:IB) delivers first Beryllium Alloy part for the F-35 aircraft

John Ballem  March 23, 2021

IBC Advanced Alloys Delivers First of New Cost-Effective Beryllium Alloy Part for the F-35 Aircraft

GlobeNewswire March 23, 2021

IBC Advanced Alloys Reports Financial Results for the Quarter Ended December 31, 2020

GlobeNewswire February 18, 2021