Granite Creek Announces $250,000 Private Placement
03 März 2014 - 6:04PM
Marketwired
Granite Creek Announces $250,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) -
Granite Creek Gold Ltd. (the "Company") (TSX-VENTURE:GCX) is
pleased to announce a non-brokered private placement of up to
5,000,000 units at a price of $0.05 per unit for gross proceeds of
approximately $250,000. Each unit will consist of one common share
and one half of a transferrable common share purchase warrant. Each
full common share purchase warrant will be exercisable for one
common share of the Company's capital stock for a period of
eighteen months from the date of issue at an exercise price of
$0.07 per share purchase warrant. The terms and completion of the
private placement are subject to TSX Venture Exchange approval. The
Company may pay finder's fees in connection with the private
placement. The net proceeds from the placement will be used by the
Company for operations and general working capital purposes.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the
business of acquiring and carrying out exploration on mineral
properties, especially those with precious metals potential, with
the goal of establishing a mineable mineral resource. Granite
Creek's Canadian projects consist of the gold/copper/molybdenum
Taseko Property, 225 km north of Vancouver, BC, on which it has an
option to acquire a 70% interest; the 100% owned 654 ha Railway
Property, a copper project in the highly prospective Stikine arch
area of northwestern BC; and the 5611 ha Troitsa Property, a
copper/molybdenum/gold/silver property located in central BC, on
which it has an option to acquire a 100% interest. The Company also
has an option to acquire a 100% interest in the 75 sq km Darsalam
gold concession in Mali, West Africa.
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements relating to regulatory approvals, exploration programs,
and other future plans, objectives or expectations of the Company
are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's plans or expectations include the
Company's ability to obtain regulatory approval and to complete its
exploration programs on schedule and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
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.
Granite Creek Gold Ltd.Timothy
JohnsonPresident604-569-2430info@granitecreekgold.com
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