GSP Resource Corp. Announces Flow-Through Private Placement

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[{"type":"text","content":"GSP Resource Corp. Announces Flow-Through Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n News Release –\n \n \n TheNewswire -\n \n \n Vancouver, British Columbia – December\n15, 2022:\n \n \n GSP Resource\nCorp.\n \n \n (\n \n \n TSXV:GSPR\n \n \n ) (the “\n \n \n Company\n \n \n ” or\n“\n \n \n GSP\n \n \n ”) announces a non-brokered private placement of up to\n1,000,000 units (each, a “\n \n \n Unit\n \n \n ”) at a price of $0.08 per Unit for\ngross proceeds of up to $80,000 (the “\n \n \n Private Placement\n \n \n ”). Each Unit consists of one ‘flow-through’\n \n \n (within the meaning of the\n \n \n Income Tax Act (Canada)\n \n \n )\n \n \n common share (each a “\n \n \n FT Share\n \n \n ”) and one\ntransferable common share purchase warrant (“\n \n \n Warrants\n \n \n ”). Each\nWarrant entitles the holder to purchase one common share of the\nCompany at a price of $0.15 per share for a period of one (1) year\nfollowing the date of issuance.\n \n \n \n \n The Company intends to use the proceeds from the sale\nof the FT Shares towards exploration and development work on the\n \n \n Alwin Mine Copper Project.\n \n \n \n \n In connection with the Private Placement, the Company\nmay pay finders’ fees in cash or securities, or a combination of\nboth, as permitted by the policies of the TSX Venture Exchange (the\n“\n \n \n Exchange\n \n \n ”) and applicable securities laws. All securities issued\npursuant to the Private Placement will be subject to a four-month hold\nperiod. The Private Placement is subject to approval by the\nExchange.\n \n \n \n \n About GSP Resource Corp.:\n \n \n GSP Resource Corp. is a mineral exploration &\ndevelopment company focused on projects located in Southwestern\nBritish Columbia.  The Company has an option to acquire a 100%\ninterest and title to the Alwin Mine Copper-Gold-Silver Property in\nthe Kamloops Mining Division. GSP also owns 100% of the Olivine\nMountain Property in the Similkameen Mining Division of which it has\ngranted an option to earn a 60% interest to a third party.\n \n \n \n \n Contact Information -\n \n \n For more information, please contact:\n \n \n \n \n Simon Dyakowski, Chief Executi...

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