Business
Getchell Gold Corp. Announces $700,000 Financing
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") announces an offering on a non-
About this update from Getchell Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (\"Getchell\" or the \"Company\") announces an offering on a non-brokered private placement basis of up to 2,800,000 units (each a \"Unit\") at a price of $0.25 per Unit, for gross proceeds of up to $700,000 (the \"Offering\"). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle 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 Offering may include closing in tranches and multiple closing dates. Finder's fees or commissions may be payable in connection with all or a portion of the Offering. The Offering is subject to the approval of the Canadian Securities Exchange. The net proceeds from the financing will be used for the general advancement of the Company's Nevada gold projects, and working capital. 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 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 Point and Hot Springs Peak. Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties under an agreement with Canarc Resources Corp. (see January 7, 2020 news release for further details). For further information please visit the Company's website at www.getchellgold.com or contact the Company at [email protected]. Mr. William Wagener, Chairman & CEOGetchell Gold Corp.+1 303 517 8764 The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Not for distribution to U.S. news wire services or dissemination in the United St...