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Fosterville South Cash Position Grows to $30.35 Million and Completes Spinout of Leviathan Gold Ltd. to Fosterville South Shareholders
Fosterville South Cash Position Grows to $30.35 Million and Completes Spinout of Leviatha...
About this update from Great Pacific Gold Corp.
[{"type":"text","content":"\n \n \n \n Fosterville South Cash Position Grows to $30.35 Million and Completes Spinout of Leviathan Gold Ltd. to Fosterville South Shareholders\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 23, 2020\n \n \n \n \n \n \n cash position grows as a result of recent warrant exercises\n \n \n \n \n \n \n drilling at Golden Mountain, where drill results to date have been excellent, is ongoing\n \n \n \n \n \n \n 12 different drill permit applications are in progress, spanning 5 projects\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 23, 2020\n \n /CNW/ - Fosterville South Exploration Ltd. (\"\n \n Fosterville South\n \n \" or the \"\n \n Company\n \n \") (TSXV: FSX) (OTC: FSXLF) (\n \n Germany\n \n : 4TU) announces that the Company's cash position has grown to approximately CAD\n \n $30.35 million\n \n , largely due to recent warrant exercises.\n \n \n \n \n \n \n \n \n \n With\n \n $30.35 million\n \n in cash on hand, the Company is in an excellent position to accelerate drilling and other exploration activities on multiple projects.\n \n \n Currently, Fosterville South is drilling at the Golden Mountain project, where results to date have been excellent, is preparing to drill at Lauriston and has 12 different drill permit applications in progress spanning 5 separate Fosterville South projects.\n \n \n Separately, Fosterville South completed the spinout of Leviathan Gold Ltd. (\"\n \n Leviathan Gold\n \n \") to the shareholders of Fosterville South by way of plan of arrangement (the \"\n \n Arrangement\n \n \"). Pursuant to the Arrangement each existing common share of the Company was exchanged for (i) one new common share of the Company and (ii) one common share of Leviathan Gold.\n \n \n Leviathan Gold recently announced a\n \n $7.5 million\n \n subscription receipt financing which was significantly oversubscribed due to strong institutional interest. After performing cutbacks, Leviathan Gold upsized the financing to\n \n $9.99 million\n \n and then closed the books, on the same day of launch, as reported in Foster...