11:46:49 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Advance Gold Corp (2)
Symbol AAX
Shares Issued 10,489,671
Close 2017-03-09 C$ 0.13
Market Cap C$ 1,363,657
Recent Sedar Documents

ORIGINAL: Advance Gold investor Gillis sells 425,000 shares

2017-03-09 19:08 ET - News Release

Received by email:

File: Press Release Gillis - DownwardCreep (Advance Gold 9Mar2017).pdf

                                       PRESS RELEASE

This press release is issued pursuant to National Instrument 62-104   Take-Over Bids and Issuer
Bids and National Instrument 62-103   The Early Warning System and Related Take-Over Bid
and Insider Reporting Issues.

Kamloops, British Columbia   March 9, 2017   James T. Gillis of 432 Royal Avenue,
Kamloops, British Columbia, has disposed of, through the facilities of the TSX Venture
Exchange, indirect ownership of 425,000 common shares in the capital of Advance Gold Corp.
(the "Issuer") having a head office at 432 Royal Avenue, Kamloops, British Columbia, which
decreased the percentage of common shares held by approximately 4.05%. The common shares
were disposed of at a per share price of $0.115 for gross cash consideration to the Mr. Gillis of
$48,875.

Immediately before the transaction that triggered the requirement to issue this release, Mr. Gillis
owned, directly and indirectly, an aggregate 1,726,800 common shares of the Issuer representing
approximately 16.46% of the Issuer's issued and outstanding common shares and owned options
entitling the purchase of 110,000 common shares of the Issuer, or, assuming exercise of the
options, a total of 1,836,800 common shares or approximately 17.33% of the Issuer's common
shares on a post-conversion beneficial ownership basis.

Immediately after the transaction that triggered the requirement to issue this release, Mr. Gillis
owns, directly and indirectly, an aggregate 1,301,800 common shares of the Issuer representing
approximately 12.41% of the Issuer's issued and outstanding common shares and owns options
entitling the purchase of 110,000 common shares of the Issuer, or, assuming exercise of the
options, a total of 1,411,800 common shares or approximately 13.32% of the Issuer's common
shares on a post-conversion beneficial ownership basis.

The shares were disposed of for investment purposes and Mr. Gillis will evaluate his investment
in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of
securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr.
Gillis has no immediate future intention to acquire additional securities of the Issuer, or dispose
of securities of the Issuer that he beneficially owns or over which he exercises control or
direction. Mr. Gillis may, in the future, exercise options that have been granted to him by the
Issuer.

A report respecting this acquisition, which is incorporated herein by reference, will be
electronically filed with the Securities Commissions in British Columbia and Alberta and will be
available for viewing through the Internet at the Canadian System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com. To obtain a copy of the report, contact Mr.
Gillis at (250) 574-5011.



(signed) "James T. Gillis"
James T. Gillis
 

File: Press Release Gillis - DownwardCreep (Advance Gold 9Mar2017).docx

PRESS RELEASE
This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Inst
--->rument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
Kamloops, British Columbia - March 9, 2017 - James T. Gillis of 432 Royal Avenue, Kamloops, British Columbia, has disp
--->osed of, through the facilities of the TSX Venture Exchange, indirect ownership of 425,000 common shares in the capita
--->l of Advance Gold Corp. (the "Issuer") having a head office at 432 Royal Avenue, Kamloops, British Columbia, which dec
--->reased the percentage of common shares held by approximately 4.05%.  The common shares were disposed of at a per share
---> price of $0.115 for gross cash consideration to the Mr. Gillis of $48,875.  
Immediately before the transaction that triggered the requirement to issue this release, Mr. Gillis owned, directly an
--->d indirectly, an aggregate 1,726,800 common shares of the Issuer representing approximately 16.46% of the Issuer's iss
--->ued and outstanding common shares and owned options entitling the purchase of 110,000 common shares of the Issuer, or,
---> assuming exercise of the options, a total of 1,836,800 common shares or approximately 17.33% of the Issuer's common s
--->hares on a post-conversion beneficial ownership basis.
Immediately after the transaction that triggered the requirement to issue this release, Mr. Gillis owns, directly and 
--->indirectly, an aggregate 1,301,800 common shares of the Issuer representing approximately 12.41% of the Issuer's issue
--->d and outstanding common shares and owns options entitling the purchase of 110,000 common shares of the Issuer, or, as
--->suming exercise of the options, a total of 1,411,800 common shares or approximately 13.32% of the Issuer's common shar
--->es on a post-conversion beneficial ownership basis.
The shares were disposed of for investment purposes and Mr. Gillis will evaluate his investment in the Issuer and will
---> increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discret
--->ion, as circumstances warrant.  As of the date hereof, Mr. Gillis has no immediate future intention to acquire additio
--->nal securities of the Issuer, or dispose of securities of the Issuer that he beneficially owns or over which he exerci
--->ses control or direction.  Mr. Gillis may, in the future, exercise options that have been granted to him by the Issuer
--->.
A report respecting this acquisition, which is incorporated herein by reference, will be electronically filed with the
---> Securities Commissions in British Columbia and Alberta and will be available for viewing through the Internet at the 
--->Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.  To obtain a copy of the repo
--->rt, contact Mr. Gillis at (250) 574-5011.

(signed) "James T. Gillis"  
James T. Gillis



© 2024 Canjex Publishing Ltd. All rights reserved.