17:05:49 EDT Mon 22 Oct 2018
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Gorilla Minerals Corp
Symbol C : GOCO
Shares Issued 16,185,258
Close 2018-02-13 C$ 0.24
Recent Sedar Documents

Gorilla Minerals closes $1.2-million private placement

2018-02-13 19:47 ET - News Release

Mr. Scott Sheldon reports

GORILLA MINERALS CORP. CLOSES PRIVATE PLACEMENT

Gorilla Minerals Corp. has closed its non-brokered private placement that was announced in January with the issuance of six million units at 20 cents per unit for gross proceeds of $1.2-million. Each unit consists of a common share in the capital of the company and a whole share purchase warrant, with each warrant entitling the holder to purchase an additional share for 30 cents per share. Finders' fees totalling 600,000 shares at a deemed price of 18 cents per share were issued and split equally amongst two individual finders.

All securities issued in connection with the private placement are subject to a prescribed four-month hold and restricted trading period.

The company intends to use the net proceeds of the private placement for mineral resource exploration of its properties and for general working capital.

Further to the news release announced on Jan. 2, 2018, the company has closed its previously announced acquisition of the Yukon Monster property. The terms of the agreement included a one-time payment of $45,000 and the issuance of 800,000 shares.

The copper-cobalt Monster property consists of one block of 212 mineral claims totalling a surface area of 43.3 square kilometres. The property is in the Dawson mining district within the traditional territory of the Tr'ondek Hwech'in First Nation.

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