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GSP Resource Announces Flow-Through Private Placement
News Release – TheNewswire - Vancouver, British Columbia – December 15, 2022: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces a non-brokered p
About this update from Gsp Resource Corp.
[{"type":"text","content":"News Release – TheNewswire - Vancouver, British Columbia – December 15, 2022: GSP Resource Corp. (TSXV:GSPR) (the “Company” or “GSP”) announces a non-brokered private placement of up to 1,000,000 units (each, a “Unit”) at a price of $0.08 per Unit for gross proceeds of up to $80,000 (the “Private Placement”). Each Unit consists of one ‘flow-through’ (within the meaning of the Income Tax Act (Canada)) common share (each a “FT Share”) and one transferable common share purchase warrant (“Warrants”). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per share for a period of one (1) year following the date of issuance. The Company intends to use the proceeds from the sale of the FT Shares towards exploration and development work on the Alwin Mine Copper Project. In connection with the Private Placement, the Company may pay finders’ fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange (the “Exchange”) and applicable securities laws. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the Exchange. About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division. GSP also owns 100% of the Olivine Mountain Property in the Similkameen Mining Division of which it has granted an option to earn a 60% interest to a third party. Contact Information - For more information, please contact: Simon Dyakowski, Chief Executive Officer & Director Tel: (604) 619-7469 Email: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not bee...