(TheNewswire)
Vancouver, BC -TheNewswire - February 23, 2023 - Gold Lion Resources Inc. (“Gold Lion” or the “Company”) (CSE:GL) (OTC:GLIOF) (FWB:2BC) is pleased to announce that it has closed a non-brokered private placement financing for gross proceeds of $367,275 through the issuance of an aggregate of 4,896,999 common shares at a price of $0.075 per share. The Company will use the proceeds of the financing for general working capital. The shares issued in the financing are subject to a four month hold period expiring June 24, 2023 in accordance with applicable Canadian securities laws.
AboutGoldLionResourcesInc.
GoldLionResourcesInc.isamineralexplorationcompanyactivelyinvolvedintheexplorationofits precious metal focused portfolio including the Cuteye and Fairview Properties located in Idaho and British Columbia. For more information please visit: https://goldlionresources.com/.
ONBEHALFOFTHEBOARDOF DIRECTORS
Lawrence Hay,CEO
T: 604-687-2038
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-LookingStatements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.Often,butnotalways,forward-lookinginformationandinformationcanbeidentifiedbytheuseofwords such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”,or“believes”,orvariationsofsuchwordsandphrasesorstatethatcertainactions,eventsorresults“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Actual future results may differ materially.Theforward-lookinginformation reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; incorrect assessments of the valueofacquisitions;geological,technical,processingandtransportationproblems;changesintaxlawsandincentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company.Newriskfactorsemergefromtimetotime,anditisimpossiblefortheCompany’smanagementtopredict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination offactors, may cause actual results to differ from those contained in anyforward-looking information.Theforward-lookinginformationincludedinthisnewsreleasearemadeasofthedateofthisnewsrelease andtheCompanyexpresslydisclaimsanyintentionorobligationtoupdateorreviseanyforward-lookinginformation whether as a result of new information, future events or otherwise, except as required by applicable law. Additional informationidentifyingrisksanduncertaintiesthatcouldaffectfinancialresultsiscontainedintheCompany’sfilings with Canadian securities regulators, which are available at www.sedar.com.
600-1090 West Georgia St.,Vancouver,BritishColumbiaV6E 3V7
T: (604-687-2038)/W: https://goldlionresources.com/
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