00:34:51 EST Sat 02 Mar 2024
Enter Symbol
or Name

Login ID:
Gold Bull Resources Corp (2)
Symbol GBRC
Shares Issued 9,834,686
Close 2024-02-01 C$ 0.28
Market Cap C$ 2,753,712
Recent Sedar Documents

Gold Bull Resources arranges $1-million financing

2024-02-01 11:43 ET - News Release

Ms. Cherie Leeden reports


Gold Bull Resources Corp. has arranged a non-brokered private placement for gross proceeds of up to $1-million. The offering will consist of the sale of hard-dollar units of the company at a price of 27 cents per unit.

Each unit will consist of one common share of the company and one whole common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 40 cents until the date which is 36 months following the closing.

The net proceeds of the offering will be used for further exploration and general working capital purposes.

The closing of the offering is anticipated to occur on or about March 10, 2024, and is subject to customary closing conditions, including the company's receipt of TSX Venture Exchange approval. In connection with the offering, the company may pay finders' fees to eligible finders. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the closing date.

About Gold Bull Resources Corp.

Gold Bull's mission is to grow into a United States-focused, mid-tier gold development company via rapidly discovering and acquiring additional ounces. The company's exploration hub is based in Nevada, United States, a top-tier mineral district that contains significant historical production, existing mining infrastructure and an established mining culture. Gold Bull is led by a board and management team with a record of exploration and acquisition success.

Gold Bull's core asset is the Sandman project, located in Nevada, which has a 494,000-gold-ounce resource, as per the 2021 National Instrument 43-101 resource estimate. Sandman is located 23 kilometres south of the Sleeper mine and boasts excellent large-scale exploration potential. Drilling at Sandman is currently under way.

Gold Bull is driven by its core values and purpose, including a commitment to safety, communication and transparency, environmental responsibility, community, and integrity.

Qualified person

Cherie Leeden, BSc (applied geology (honours)), MAIG, a qualified person as defined by NI 43-101, has read and approved all technical and scientific information contained in this news release. Ms. Leeden is the company's chief executive officer.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.