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VANCOUVER, BC / ACCESSWIRE / August 26, 2020 / Gaia Metals Corp. (the “Company”) (TSXV: GMC) (OTCQB: RGDCF) (FSE: R9G) is pleased to announce that it has closed funding for a personal placement broker (the “personal placement”) for a total gross product of $360,000 with a main order from Palisades Goldcorp Ltd.
The company awarded and issued 3,000,000 games (the “games”) worth $0.12 consistent with the unit. Each unit consists of an unusual consistent percentage warranty and a transferable consistent percentage guarantee, a guarantee consistent with the grant to the holder to acquire an additional non-unusual consistent percentage of the company for up to 3 years at a value of $0.18.
In addition, the Company paid a brokerage payment of $28,800 and issued 240,000 warrants of no competition to a third party, an intermediary mandate that allowed the holder to acquire a non-unusual percentage of the company for up to 3 years worth $0.18.
The Company intends to use personal placement revenue to advance its mining projects and general operating capital. All securities issued in connection with personal placement are subject to a 4-month tenure era and one day that expires on December 27, 2020. Personal placement is subject to final approval through TSX Venture Exchange.
About Palisades Goldcorp Ltd.
Palisades Goldcorp is Canada’s new resource-based investment bank. Palisades’ control team has a proven track record of profit and is backed by many of the industry’s leading financiers. With the movements of junior resources valued at generational minimums, Control believes that the sector is on the cusp of a primary bullish movement. Palisades is positioned with stakes in corporations and undervalued assets to generate amazing returns.
About Gaia Metals Corp.
Gaia Metals Corp. is a mining exploration company aimed at the acquisition and progression of mining projects containing components of basic and valuable metals organization, platinum and lithium.
The company’s flagship asset is the gold assets of Freeman Creek in Idaho, United States. Assets are home to two complex primary objectives; the Gold Dyke prospect, with a historical drilling intersection of 1.5 g/t Au and 12.1 g/t Ag at 44.2 m (RDH 8), and the Carmen Creek mine prospect, with an ancient outcrop pattern check of 14.15 g/t Au, 63 g/t Ag and 1.2% Cu.
Other assets come with Corvette’s wholly owned assets and FCI assets (owned by O3 Mining Inc.) in The James Bay domain of Quebec. The houses are contiguous and involve a significant prospect of gold, silver, copper, PGE and lithium highlighted through the Golden Gap prospect with point samples of 3.1 to 108.9 g/t on the outcrop and 10.5 g/t Au in 7 m of drilling, Elsass and Lorraine customers with 8.15% Cu, 1.33 g/t Au and 171 g/t Ag in outcrop, and CV1 Pegmatite leaflets with 2.28% Li2O in 6 m in the channel.
In addition, the Company owns the Pontax Lithium-Or, QC, assets; Golden Silica Property, British Columbia; and Hidden Lake Lithium’s assets in the NWT, where the company holds a 40% stake, as do several other assets in Canada.
For more information, contact Adrian Lamoureux, President and CEO at 778-945-2950, email: [email protected] or www.gaiametalscorp.com.
On behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President and CEO
Neither TSX Venture Exchange nor its regulatory service provider (as explained in TSX Venture Exchange policies) assumes the duty of the relevance or accuracy of this press release.
Forward-looking statements:
Statements are included in this announcement, adding statements relating to our plans, intentions and expectations, which are not of an ancient nature, are intended to be, and are known as “forward-looking statements”. Forward-looking statements would possibly be known in words that come with “anticipate,” “believe,” “listen,” “estimate,” “expect, and expressions. The Company warns readers that forward-looking statements, which add, but are not limited to, those related to the Company’s long-term operations and business prospects are the subject of certain dangers and insecurities that may also cause the actual effects to differ materially from those expressed in the forward-looking statements.
SOURCE: Gaia Metals Corp.
See the accesswire.com edition: https://www.accesswire.com/603516/Gaia-Metals-Corp-Closes-Private-Placement-with-Lead-Order-from-Palisades-Goldcorp