05:04:39 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



GTA Resources and Mining Inc
Symbol GTA
Shares Issued 33,306,855
Close 2016-03-04 C$ 0.05
Market Cap C$ 1,665,343
Recent Sedar Documents

GTA to use Stockhouse's deal room for investor access

2016-03-07 09:43 ET - News Release

Mr. Wayne Reid reports

GTA ANNOUNCES RELATIONSHIP WITH STOCKHOUSE PUBLISHING LTD.

GTA Resources and Mining Inc. has developed a new relationship with Stockhouse Publishing Ltd. based on Ontario's recent prospectus exemptions. GTA will use Stockhouse's deal room to access Stockhouse's precleared list of roughly 16,000 accredited investors.

An overview of how the deal room works can be found at Stockhouse's website. Stockhouse is not registered as a broker, dealer, exempt market dealer or any other registrant in any securities regulatory jurisdiction. It will not be performing any registerable activity as defined by the applicable regulatory bodies.

"We are very excited about being the first resource company in Stockhouse's deal room," said Wayne Reid, GTA's chief executive officer. "Stockhouse is one of Canada's premiere on-line investor communities that connect active investors and small-cap public companies and a strategic partner for us to work with on the next stage of GTA's growth."

"GTA is a progressive Canadian resource company, and Stockhouse is pleased that GTA's upcoming private placement will be the first resource financing published in the Stockhouse deal room. The deal room was created to give on-line investors access to quality deals, and this GTA Resources raise coincides with exciting corporate news, rising gold prices and renewed investor interest -- a good mix."

GTA's main focus will be on its Ivanhoe project in Northern Ontario. This project is located on the eastern extension of the Borden Lake gold zone trend and the eastern extension of the Porcupine-Destor fault. In 2015, the Borden Lake property was purchased by Goldcorp Inc. from Probe Mines Ltd. for $440-million (U.S.). In March, 2015, Probe and Goldcorp reported that the Borden gold project currently has reported underground constrained indicated resources of 1.6 million ounces of gold (9.3 million tonnes at 5.39 grams per tonne) and inferred resources of 400,000 ounces of gold (three million tonnes at 4.37 g/t) at a 2.5 g/t gold cut-off grade. The deposit remains open down plunge.

GTA intends to carry out an exploration program, including diamond drilling at Ivanhoe to test new gold showings discovered over the past year and to further its knowledge of the property.

To support that program, GTA announces a non-brokered financing of $250,000 for five million units. The subscription price per unit is five cents. Each unit will consist of one flow-through common share and one 12-month warrant with an exercise price of six cents. Closing will take place as soon as reasonably possible following regulatory approval.

We seek Safe Harbor.

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