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Western Atlas Resources announces Start of Initial Diamond Drill Program at its Meadowbank Gold Project, Non- brokered Private Placement and Gran Colombia Participation
Western Atlas Resources announces Start of Initial Diamond Drill Program at its Meadowbank...
About this update from Seasif Exploration Inc.
[{"type":"text","content":"\n\n\n\nWestern Atlas Resources announces Start of Initial Diamond Drill Program at its Meadowbank Gold Project, Non- brokered Private Placement and Gran Colombia Participation\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 8, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n VANCOUVER, BC, July 8, 2020 /CNW/ - Western Atlas Resources Inc. (\"Western Atlas\" or the \"Company\") (TSXV: WA), is pleased to announce the start the drill program (the \"Program\") at its 100% owned Meadowbank Gold Project located in Nunavut, Canada.\n\n \n \n \n \n \n \n\n \nThe Company is also pleased to announce a non-brokered private placement (the \"Private Placement\") to raise gross proceeds of C$2,000,000 in a mix of flow-through (\"FT\") and non-flow-through (\"NFT\") units (the \"Units\"), with Gran Colombia Gold Corp. (\"Gran Colombia\") (TSX: GCM) purchasing NFT Units for proceeds of C$1,400,000.\nFabio Capponi, CEO stated: \"We are very pleased with the decision of the CPHO, and to be able to advance with the previously announced drill program while committing to the safety and well-being of all our employees and that of the Nunavut community in which the Company operates. This initial drill program represents an important milestone for the Company as we focus on advancing the exploration of the Meadowbank project. We would like to thank Gran Colombia for its continuous support and for understanding that drilling the current Company's flagship gold project is the only way to unlock long term value for our shareholders\".\nThe Drill Program:\nAfter receiving clearance from the Chief Public Health Officer of Nunavut (\"CPHO\") and having completed a 14 days quarantine, the Company team and contractors will be able to travel to Baker Lake to start the drill program (the \"Program\") at its 100% owned Meadowbank Gold Project located in Nunavut, Canada. Drilling is now expected to start next week. \nThe diamond drill program will primarily be discove...