Mr. Doug Unwin reports
GEOLOGICA RESOURCE CORP. ANNOUNCES APPLICATION FOR PARTIAL REVOCATION OF
CEASE TRADE ORDER
Geologica Resource Corp. has filed
an application with the British Columbia Securities Commission for a partial
revocation of a failure-to-file cease trade order issued against the company on May 6, 2025.
The company applied for a partial revocation order in order to permit the company to be able to complete
a private placement debt financing in British Columbia, Alberta and Ontario of $150,000
of on-demand unsecured promissory notes accruing interest at 8.5 per cent per annum. For each distribution made
pursuant to the financing, the company will comply with one or more of the accredited investor exemption
contained in Section 2.3 of National Instrument 45-106 and the financing will be completed in accordance with all applicable
laws.
The company will use the proceeds of the financing to resolve outstanding fees, prepare audited financial
statements for the financial years ended Dec. 31, 2024, and prepare unaudited financial statements
for the periods ending March 31, 2025, June 30, 2025, and Sept. 30, 2025, and pay all other costs
associated with applying for a full revocation of the FFCTO. The company intends to allocate the proceeds
from the financing as follows.
The company currently has 32,934,653 issued and outstanding common shares. Upon completion of the
financing, the company will have 32,934,653 issued and outstanding shares.
We seek Safe Harbor.
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