00:51:43 EDT Wed 18 Mar 2026
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CA



Geologica applies for partial revocation of CTO

2026-03-17 13:51 ET - News Release

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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