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Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Goldstorm Metals Corp . (TSXV: G...
About this update from Goldstorm Metals Corp.
[{"type":"text","content":"Goldstorm Metals Announces $1.0 Million Private Placement Financing with Participation by Eric SprottVancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Goldstorm Metals Corp. (TSXV: GSTM) (FSE: B2U) (\"Goldstorm\" or the \"Company\") is pleased to announce a non-brokered private placement offering of units of the Company (each, a \"Unit\") at a price of $0.07 per Unit for aggregate gross proceeds of up to $1,000,000 (the \"Offering\"). Each Unit will be comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 for a period of 24 months from the closing date of the Offering, provided that if the closing price of the Common Shares on any Canadian stock exchange on which the Common Shares are then listed is at a price equal to or greater than $0.20 for a period of ten (10) consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants.The net proceeds received from the Offering will be used for exploration activities, working capital and general corporate purposes.In connection with the Offering, the Company may pay certain finders a fee comprised of cash, finder's warrants, or both, based on the proceeds raised from the sale of securities to purchasers introduced to the Company by such finders.All securities to be issued pursuant to the above referenced Offering will be subject to a statutory four-month hold period. The Offering is subject to regulatory approval, including the approval of the TSXV.About Goldstorm MetalsGoldstorm Metals Corp. is a precious and base metals exploration company with a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. Goldstorm's flagship projects Crown and Electrum cover an area that totals approximately 16,469 hectares over 6 concessions, of which 5 are contiguous. The Crown Project is situated directly south of Seabridge Gold's KSM gold-copper deposits and Newmont Corporation's Brucejack/Valley of the Kings gold mine. Electrum, also located in the Golden Triangle of BC, is situated directly between Newmont Corporation's Brucejack Mine, approxim...