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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 Great-West Lifeco Inc T.GWO

Alternate Symbol(s):  T.GWO.PR.P | T.GWO.PR.Q | T.GWO.PR.R | T.GWO.PR.S | T.GWO.PR.T | T.GWO.PR.G | T.GWO.PR.Y | T.GWO.PR.H | GWLIF | T.GWO.PR.I | T.GWO.PR.L | GRWLF | T.GWO.PR.M | T.GWO.PR.N | GRWTF | GWLPF

Financial Services Insurance - Diversified
Great-West Lifeco Inc. is an international financial services holding company. The Company has interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Its segments include Canada, United States, Europe, and Capital and Risk Solutions. It operates in Canada, the United States and Europe under the brands Canada Life, Empower,... see more

Recent & Breaking News (TSX:GWO)

Great-West Lifeco reports first quarter 2021 base earnings of $739 million and net earnings of $707 million

Canada NewsWire May 5, 2021

Great-West Lifeco, IGM Financial and Power Corporation of Canada contribute more than $250,000 to support pandemic relief efforts in India

Canada NewsWire May 5, 2021

Great-West Lifeco to hold annual meeting of shareholders and release first quarter 2021 results

Canada NewsWire April 21, 2021

Great-West Lifeco CEO to speak at the National Bank Financial Markets Financial Services Conference

Canada NewsWire March 18, 2021

Power Corporation Reports Fourth Quarter and 2020 Financial Results

Canada NewsWire March 17, 2021

Great-West Lifeco reports fourth quarter 2020 base earnings of $741 million and net earnings of $912 million

Canada NewsWire February 10, 2021

Great-West Lifeco to release fourth quarter 2020 financial results

Canada NewsWire January 27, 2021

Great-West Lifeco announces Normal Course Issuer Bid

Canada NewsWire January 25, 2021

Mackenzie Investments and Great-West Lifeco Close GLC Asset Management Group Transaction

Canada NewsWire January 8, 2021

Great-West Lifeco subsidiary, Empower Retirement, closes acquisition of retirement business of MassMutual

Canada NewsWire January 4, 2021

Great-West Lifeco reports results of conversion elections for Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series N and Non-Cumulative Floating Rate First Preferred Shares, Series O

Canada NewsWire December 17, 2020

Joint Statement By Canadian Banks And Life Insurance Companies Regarding Annual Meetings In 2021

Canada NewsWire December 15, 2020

Great-West Lifeco earns prestigious 'A' ranking by CDP

Canada NewsWire December 8, 2020

Great-West Lifeco announces dividend rates on Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series N and Non-Cumulative Floating Rate First Preferred Shares, Series O

Canada NewsWire December 2, 2020

Great-West Lifeco President and Chief Executive Officer to participate in virtual fireside chat with BMO Capital Markets

Canada NewsWire November 25, 2020

Great-West Lifeco announces conversion privilege of Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series N and Non-Cumulative Floating Rate First Preferred Shares, Series O

Canada NewsWire November 4, 2020

Great-West Lifeco reports third quarter 2020 base earnings of $679 million and net earnings of $826 million

Canada NewsWire November 4, 2020

Mackenzie Investments, Great-West Lifeco and Northleaf Capital Partners Close Transaction Establishing Strategic Relationship

Canada NewsWire October 29, 2020

Great-West Lifeco to release third quarter 2020 financial results

Canada NewsWire October 22, 2020

Great-West Lifeco completes offering of US$1.5 billion of senior notes

Canada NewsWire September 17, 2020