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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 Sunniva Inc SNNVF


Primary Symbol: C.SNN

Healthcare Biotechnology Cannabis
Sunniva Inc. is a Canada-based company. The Company is not engaged in any business.

Recent & Breaking News (CSE:SNN)

Sunniva Announces Acquistion Of Two Licenced Cannabis Companies To Expand Its Packaging And Distribution Capabilities In California

Canada NewsWire April 29, 2019

Sunniva Announces Closing Of Second Tranche Of Short-Term Bridge Financing For Proceeds Of CAD $1,210,000

Canada NewsWire April 24, 2019

Sunniva Inc. Announces Collaborative Relationship Between Natural Health Services And UNIFOR To Provide Cannabis Education Services To UNIFOR Members

Canada NewsWire April 24, 2019

Sunniva Inc. To Announce 2018 Fourth Quarter And Year-End Results On April 29, 2019

Canada NewsWire April 23, 2019

Sunniva Announces Closing of CAD $4.3 Million Short Term Bridge Financing

Canada NewsWire April 15, 2019

Sunniva Announces Record Preliminary Q1 2019 Revenue Of CAD $14.0 Million (USD $10.5 Million), Representing Growth Of 169% Over Q1 2018

PR Newswire April 5, 2019

Sunniva Reports Filing Of Class Action Lawsuit Regarding Privacy Breach At Natural Health Services Ltd.

PR Newswire March 27, 2019

Sunniva Launches First Three Cannabis Brands in California

Accesswire March 13, 2019

Why Sunniva is Shining Brightly in 2019

Marc Davis March 11, 2019

Sunniva Announces Closing of Second Tranche of Convertible Debt Financing for Gross Proceeds of $3.3 Million

Accesswire March 4, 2019

Sunniva Estimates Over USD $55 Million Revenue in 2019 From Sunniva Branded Products in California and Secures Additional USD $4.0 Million in Purchase Orders

GlobeNewswire February 14, 2019

Sunniva Announces Completion of $15 Million Convertible Debenture Financing

GlobeNewswire February 13, 2019

CBD Market Now Supercritical; SCO2 Extraction Use Booms with CBD Demand

GlobeNewswire February 13, 2019

Sunniva Announces Changes to Senior Leadership Team for U.S. Operations

GlobeNewswire January 31, 2019

Uptick Newswire Hosts Sunniva Inc.’s Co-Founder to Discuss the Infrastructure Now in Place That Has Let Them Enter The World’s Largest Cannabis Market

GlobeNewswire January 31, 2019

Sunniva Secures Additional USD $5.0 Million in Purchase Orders for Sunniva Branded Cannabis Products and Announces $10 Million Financing to Support Near Term Growth

GlobeNewswire January 22, 2019

Sunniva: A STAR Performer This Year

Marc Davis January 18, 2019

Sunniva Announces First Cannabis Product Sales in California

GlobeNewswire January 4, 2019

Sunniva Inc. Announces Closing of LTYR Logistics Acquisition

GlobeNewswire December 31, 2018

Sunniva Inc. Announces Cannabis Telehealth Service Agreement Between Natural Health Services Ltd and HelloMD to Expand Patient Reach With Enhanced Medical Cannabis Services in Canada

GlobeNewswire December 18, 2018