Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Geologica Resource Corp. (CSE: GRCM) (FSE: 862) ("Geologica" or the "Company") is pleased to announce the company intends to raise up to $300,000 from the issuance of Units.
The Company intends to issue 6,000,000 Units at $0.05 per unit for total proceeds of $300,000 (the "Units") each Unit consists of a share and a half of a warrant. Each whole warrant may be exercised for 1 (one) share for 2 (two) years from closing for $0.10.
The proceeds of the financing will be used for exploration, and general working capital.
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.
About Geologica Resource Corp.
Geologica Resource Corp. is a mineral explorer, focused on exploration of copper and critical minerals for electrification. Geologica"s Topley Copper Project is located with excellent infrastructure in the Babine Porphyry Belt of central British Columbia (the"BPB"). The BPB is a very active area with major miners investing in junior explorers. The company recently acquired the Titan rare critical minerals/copper/gold and Lincoln copper/gold property in the Atlin camp. Atlin is an under explored area with many operating and past producing precious and base metal mines.
TOPLEY LANDING PROJECT
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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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224391
SOURCE: Geologica Resource Corp.
