11:53:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Gatling Exploration Inc
Symbol GTR
Shares Issued 45,670,840
Close 2020-07-20 C$ 0.35
Market Cap C$ 15,984,794
Recent Sedar Documents

Gatling Exploration arranges private placements

2020-07-20 18:53 ET - News Release

Mr. Nav Dhaliwal reports

GATLING EXPLORATION ANNOUNCES PRIVATE PLACEMENTS

Gatling Exploration Inc. has arranged, subject to TSX Venture Exchange acceptance, a non-flow-through financing of 10.3 million common shares at 25 cents per share for total gross proceeds of $2,575,000 and a flow-through financing of 4.05 million flow-through common shares at 30 cents per flow-through share for total gross proceeds of $1,215,000.

Gatling intends to use the gross proceeds from the issuance of the non-flow-through shares for exploration expenditures and for general working capital. Gatling intends to use the gross proceeds from the issuance of the flow-through shares for Canadian exploration expenses that will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada).

All securities issued under the placements will be subject to a four-month-and-one-day hold period from the date of issue in accordance with applicable securities laws.

About Gatling Exploration Inc.

Gatling Exploration is a Canadian gold exploration company focused on advancing the Larder gold project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake break, 35 kilometres east of Kirkland Lake.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.