#Mining #Stock News:
Getchell Gold Corp. (CSE: $GTCH.CN) (OTCQB: $GGLDF) (FWB: GGA1) Closes Third
and Final Tranche of Non-Brokered Private Placement; @getchell_gold
THIS NEWS
RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
VANCOUVER, BC - September 20, 2023
(Investorideas.com Newswire) Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF)
(FWB: GGA1) ("Getchell" or the "Company") is pleased to
announce that it has closed the third and final tranche of its previously
announced non-brokered private placement offering (the "Offering")
which, altogether issued an aggregate of 5,295,500 units (the
"Units") at a price of $0.20 per Unit for gross proceeds of
$1,059,100.
Read this news featuring GTCH in full at https://www.investorideas.com/CO/GTCH/news/2023/09201Non-Brokered-Private-Placement.asp
Each Unit consists of one
common share and one-half of one warrant (each whole warrant, a "Warrant")
of the Company. Each Warrant entitles the holder to acquire one additional
common share at a price of $0.35 per share for a period of two years from the
date of closing.
The proceeds from the Private Placement will be
used for exploration and development of the Company's properties and general
working capital.
In
connection with the Third Tranche, the Company paid finder's fees in the amount
of $3,520, and issued an aggregate of 17,600 finder's warrants (the "Finder's Warrants"). Each Finder's
Warrant entitles the holder to acquire one additional common share of the
Company at a price of $0.35 per share for a period of two years from the date
of closing.
The securities to be issued in connection with the third Tranche
are subject to a statutory four-month hold period expiring on January 19, 2023,
in accordance with applicable securities laws.
The securities offered have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or applicable
exemption from the registration requirements.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration
company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing
its efforts on its most advanced stage asset, Fondaway Canyon, a past gold
producer with a significant in-the-ground historic resource estimate.
Complementing Getchell's asset portfolio is Dixie Comstock, a past gold
producer with a historic resource and two earlier stage exploration projects,
Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire
100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County,
Nevada.
For further information please visit the Company's website at www.getchellgold.com or contact the
Company at info@getchellgold.com.
Mr. William Wagener, Chairman & CEO
The Canadian Securities Exchange has not reviewed this press
release and does not accept responsibility for the adequacy or accuracy of this
news release.
Certain information contained herein constitutes
"forward-looking information" under Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with
respect to the use of proceeds. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "will"
or variations of such words and phrases or statements that certain actions,
events or results "will" occur. Forward-looking statements are based
on the opinions and estimates of management as of the date such statements are
made and they are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results to be materially different from those
expressed or implied by such forward-looking statements or forward-looking
information, including: use of proceeds from the financing. Although management
of Getchell have attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements
or forward-looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements and
forward-looking information. The Company will not update any forward-looking
statements or forward-looking information that are incorporated by reference
herein, except as required by applicable securities laws.
SOURCE Getchell Gold Corp.
Getchell
Gold (CSE:GTCH.CN;OTCQB:GGLDF)
is a featured mining stock on Investorideas.com
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info on Getchell at Investorideas.com Visit: https://www.investorideas.com/CO/GTCH/
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