18:44:41 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Gold'n Futures Mineral Corp
Symbol FUTR
Shares Issued 177,856,242
Close 2023-10-31 C$ 0.01
Market Cap C$ 1,778,562
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Gold'n Futures arranges $130,000 private placement

2023-11-01 13:59 ET - News Release

Mr. Stephen Wilkinson reports

GOLD'N FUTURES ANNOUNCES PRIVATE PLACEMENT OF UNITS

Gold'n Futures Mineral Corp. has arranged an offering of units of the company at one cent per unit for gross proceeds of up to $130,000 to be issued by way of a non-brokered private placement pursuant to exemptions from applicable Canadian securities laws. The size of the offering may be increased subject to board of directors and regulatory approval.

Each unit will consist of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of five cents, at any time prior to the date which is 60 months from the closing of the private placement; provided that, if at any time after the closing date, the volume weighted average trading price of the common shares on the Canadian Securities Exchange is at least 10 cents per share for the preceding 10 consecutive trading days, the company has the right to accelerate the expiry date of the warrants issued under the offering by way of written notice and press release. Subject to the warrant acceleration right, the expiry date of the warrants shall occur 30 days from the end of the abovementioned 10 consecutive trading days and any warrants not exercised during the 30-day term shall expire.

The first closing under the offering is scheduled to be on or about Nov. 8, 2023, subject to customary closing conditions and may be closed in tranches. A finder's fee will be payable at the close of the offering.

The company intends to use the proceeds of the offering for general working capital purposes and exploration expenses.

Qualified person

The scientific and technical content of this press release has been prepared, reviewed and approved by Walter Hanych, PGeo, who is a qualified person under National Instrument 43-101 regulations and is a director of the company.

About Gold'n Futures Mineral Corp.

Gold'n Futures Mineral is a mineral exploration company with two advanced Canadian gold projects. The Hercules gold project is 195 km northeast of Thunder Bay, Ont., in the Beardmore-Geraldton gold mining camp. It is 54 km north west of Equinox Gold's Greenstone gold mine that reportedly boasts 5.5 million ounces of proven and probable reserves. The Hercules property consists of 425 contiguous claims (11,370 ha). From the historical and its current work, the company has built a comprehensive database and model and is preparing a new mineral resource estimate based upon current and historical drilling totalling the order of 537 holes comprising 114,000 m of core.

The Brady-Huxter gold project is in central Newfoundland, 50 kilometres southeast of the town of Gander. The Brady-Huxter property consists of nine mineral licences, which cover 2,350 hectares and contains two large porphyry-hosted gold deposits, the Reid and Mosquito Hill. These deposits have a combined drill-defined historical resource estimate of 59.5 million tonnes containing 938,753 ounces of indicated and inferred gold mineralization (see Gold'n Futures news of Oct. 16, 2023).

Gold'n Futures is conducting programs to expand its gold resources and to develop viable gold mining operations through the application of extensive geological experience and knowledge combined with advanced technologies and computer modelling.

We seek Safe Harbor.

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