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Gold’n Futures Announces Private Placement of Up to $2 Million Flow-Through Units, The Canadian Business Journal

This news release is intended for distribution in Canada only and is not intended for distribution to US newswire services or for dissemination in the United States.

VANCOUVER, British Columbia, October 6, 2022 (GLOBE NEWSWIRE) — Golden Futures Minerals Corp(CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (“Company” Also “gold futures) is pleased to announce a private placement loan for exploration funds.

Gold’n Futures provides private placement loans without intermediaries (“Recruitment”) up to a total amount of $2,000,000. Pursuant to the offering, the Company will purchase up to 40,000,000 “flow-through” units (“FT unit”), at a price of $0.05 CAD per FT unit.

Each FT Unit consists of one common share of the Company’s equity on a “flow-through” basis (each a “FT Share”) and one Common Stock Purchase Warrant (“warrant”).

Proceeds from the sale of FT shares will be used for Canadian exploration costs ( Income Tax Act (Canada)) and waived for the current tax year. Each warrant is exercisable to acquire one share of our common stock at a price of $0.075 CAD over a period of 24 months.

Completion of the offering is subject to Canadian Stock Exchange approval and other necessary approvals. All securities issuable in connection with the offering are subject to a hold period that expires four months and one day from the date of issuance.

In connection with this placement, there may be a finder’s fee in stock, cash, warrants, or a combination of all of these, which will not exceed the maximum amount allowed by CSE’s policy.

The Company intends to use the net proceeds from the private placement for exploration of the Hercules Project in northern Ontario. Gold’n Futures advances the Hercules Project, building on previous successes with a comprehensive program of structural mapping, surface geophysical surveys, diamond drilling, exploration of new shows and recently defined targets It’s a schedule. In addition, we incorporate all of our past work into our extensive historical database and build computer models across new assets to direct advanced programs and drive new gold resource models.

qualified person

The scientific and technical content of this press release was prepared, reviewed and approved by Mr. Walter Hanych, P. Geo.

About Goldon Futures Minerals Corporation

Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian-based exploration company focused on advancing the Hercules gold project. Hercules is located in the towns of Elmhurst and Rickaby within the Thunder Bay North Mining District, 200 kilometers northeast of Thunder Bay, Ontario. The project is located in the heart of the Beardmore–Geraldton gold mining camp,th Ontario’s largest gold camp, located 40 kilometers west of the Hard Rock Greenstone goldfields. The property consists of 475 contiguous claim cells (10,052 hectares). From the historical work completed on the property, the company has built an extensive database containing reconnaissance grab samples. channel samples; various geophysical surveys; and a drill hole database containing some 570 historical drillings. The Hercules Gold Zone features a surface grab sample of up to 10,374 g/t gold and a channel sample of up to 32.96 g/t gold over 11.6 m, providing top targets for historic resource expansion .

For more information, please visit our website www.goldnfuturesmineralcorp.com.

On behalf of the Board of Directors
For more information

Stephen Wilkinson
Representative Director and President
(236) 886-8808

The Canadian Stock Exchange makes no representations as to the adequacy or accuracy of this release.

This news release may contain forward-looking statements that are based on management’s assumptions and judgments regarding future events or results. Such statements are subject to various risks and uncertainties that could cause actual events or results to differ materially from those reflected in the forward-looking statements.Private placement, no property guarantee Any of the above options, board changes or resumption of trading will be terminated on the terms stated or terminated at all. We disclaim any intention or obligation to revise or update such statements.

CBJ Newsmaker

Gold’n Futures Announces Private Placement of Up to $2 Million Flow-Through Units, The Canadian Business Journal

Source link Gold’n Futures Announces Private Placement of Up to $2 Million Flow-Through Units, The Canadian Business Journal

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