GSP Resource Corp. Closes Over-Subscribed Private Placement Financing Totalling $1.22 Million

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GSP Resource Corp. Closes Over-Subscribed Private Placement Financing Totalling $1.22 Million (TheNewswire)     News Release - Vancouver, British Columbia - TheNewswire – May 14, 2026:  GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD / OTC: GSRCF) (the “Company” or “GSP”) announces that, further to its news release dated April 29, 2026, it has closed an over-subscribed non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $1,220,000, consisting of 3,633,333 flow-through common shares of the Company (each, a “FT Share”) at a price of $0.15 per FT Share and  5,625,000 units of the Company (each, a “Unit”) at a price of $0.12 per Unit.   Each FT Share constitutes a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “Act”). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.18 for a period of three (3) years from the closing of the Private Placement.   The Company intends to use the proceeds from the sale of the FT Shares towards exploration work on the Alwin Mine and Mer Properties and intends that such expenses incurred will be eligible for the Critical Mineral Exploration Tax Credit (the “CMETC”). Proceeds from the sale of FT Shares will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the ITA and “flow through mining expenditures” as defined in subsection 127(9) of the ITA and will be targeted for critical minerals for eligibility under the CMETC. Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2026, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Shares. The net proceeds raised from the sale of Units will be used towards exploration work on the Alwin Mine and Mer Properties and for general corporate and working capital purposes.   An insider of the Company (the President and Chief Executive Officer) subscribed for 55,000 FT Shares for aggregate gross proceeds of $8,250 under the...

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