02:31:08 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Gainey Capital Corp
Symbol GNC
Shares Issued 84,196,472
Close 2021-01-22 C$ 0.065
Market Cap C$ 5,472,771
Recent Sedar Documents

Gainey Capital arranges $500,000 financing

2021-01-22 19:34 ET - News Release

Mr. David Coburn reports

GAINEY ARRANGES FINANCING

Gainey Capital Corp. has arranged a non-brokered private placement of up to 10 million units in the capital of the company at a price of five cents per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one non-transferable common share purchase warrant, exercisable at 7.5 cents to purchase an additional common share for a period of 24 months from closing. Closing is expected to occur on or before Feb. 28, 2021.

The net proceeds of the offering will be used for due diligence on potential mineral concessions the company is currently looking at as well as for general working capital. Finders' fees may be paid on the offering pursuant to the policies of the TSX Venture Exchange.

About Gainey Capital Corp.

Gainey is a gold and silver exploration, development and ore processing company exploring an aggregate of 16,000 hectares strategically located in the gold/silver-rich Sierra Madre occidental trend in western Mexico. The company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Gainey, its current operations and its vision is available on the company's website or from info@gaineycapital.com.

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