Gowest Gold Enters Into Debt Conversion Agreements
Gowest Gold Enters Into Debt Conversion Agreements
Toronto, Ontario--(Newsfile Corp. - June 21, 2023) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSXV: GWA) announced today that it has entered into separate agreements with two significant creditors of the Corporation (the "Creditors") to convert all indebtedness owed by Gowest to such Creditors, in an aggregate amount of $6,859,900.24 (the "Debt"), into common shares of Gowest (the "Transaction"). Pursuant to the Transaction, Gowest will issue an aggregate of 50,814,076 common shares at a price of $0.135 per share.
安大略省多倫多-(Newsfile Corp.-2023年6月21日)-Gowest Gold Ltd.(“Gowest”或“公司”)(多倫多證券交易所股票代碼：GWA)今天宣佈，它已與公司的兩個主要債權人(“公司”)簽訂了單獨的協定。債權人“)轉換Gowest欠這些債權人的所有債務，總額為6,859,900.24美元(”債務)，轉換為Gowest的普通股(交易記錄根據這項交易，Gowest將以每股0.135美元的價格發行總計50,814,076股普通股。
The Transaction is intended to improve the financial condition of the Company and preserve its cash resources. No new Control Person (as defined under the applicable policies of the TSX Venture Exchange) will be created pursuant to the Transaction and each Creditor is an arm's length party to the Company.
這項交易旨在改善公司的財務狀況，並保留其現金資源。交易將不會產生新的控制人(定義見多倫多證券交易所創業板適用政策)，且每名債權人均為本公司的獨立交易方。
The Debt to be converted pursuant to the Transaction was originally indebtedness owed by the Company to Cementation Canada Inc. ("Cementation"), which was purchased from Cementation in connection with the settlement of certain claims made by Cementation against the Company under the Construction Lien Act (Ontario). See Gowest news release dated March 31, 2023.
根據該交易須轉換的債務原本是本公司欠Cementation Canada Inc.(“膠結“)，是向Cement購買的，目的是為了解決Cement根據《建築留置權法案》(安大略省)。SEE Gowest新聞稿日期為2023年3月31日。
The Transaction remains subject to the final approval of the TSX Venture Exchange. All securities issuable in connection with the Transaction are subject to a hold-period expiring four months and one day after the date of issuance.
這筆交易仍有待多倫多證券交易所創業板的最終批准。所有與交易有關的可發行證券都有一個持有期，截止日期為發行之日起四個月零一天。
About Gowest
關於高斯特
Gowest is a Canadian gold exploration and development company focused on the delineation and development of its 100% owned Bradshaw Gold Deposit (Bradshaw) on the Frankfield Property, part of the Corporation's North Timmins Gold Project (NTGP). Gowest is exploring additional gold targets on its +100‐square‐kilometre NTGP land package and continues to evaluate the area, which is part of the prolific Timmins, Ontario gold camp. Currently, Bradshaw contains a National Instrument 43‐101 Indicated Resource estimated at 2.1 million tonnes ("t") grading 6.19 grams per tonne gold (g/t Au) containing 422 thousand ounces (oz) Au and an Inferred Resource of 3.6 million t grading 6.47 g/t Au containing 755 thousand oz Au. Further, based on the Pre‐Feasibility Study produced by Stantec Mining and announced on June 9, 2015, Bradshaw contains Mineral Reserves (Mineral Resources are inclusive of Mineral Reserves) in the probable category, using a 3 g/t Au cut‐off and utilizing a gold price of US$1,200 / oz, totaling 1.8 million t grading 4.82 g/t Au for 277 thousand oz Au.
Gowest是一家加拿大黃金勘探和開發公司，專注於劃定和開發其在Frankfield地產上100%擁有的Bradshaw金礦(Bradshaw)，這是該公司的North Timmins黃金專案(NTGP)的一部分。Gowest正在其+100平方公里的NTGP地塊上勘探更多的金礦目標，並繼續評估該地區，該地區是多產的安大略省蒂明斯金礦營地的一部分。目前，Bradshaw包含一個國家儀器43-101指示資源量，估計為210萬噸(“t”)，品位為每噸6.19克黃金(克/噸金)，含42.2萬盎司(盎司)金，推斷資源量為360萬噸，品位為6.47克/噸，含金量為75.5萬盎司。此外，根據Stantec Mining編制並於二零一五年六月九日公佈的預可行性研究，Bradshaw將礦產儲量(礦產資源包括礦產儲量)列為可能類別，採用3克/噸Au的下限及利用1,200美元/盎司的金價，總計1.8億噸Au品位4.82 g/t Au(27.7千盎司Au)。
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
For further information please contact:
欲瞭解更多資訊，請聯繫：
Dan Gagnon
President & CEO
Tel: (416) 363-1210
Email: info@gowestgold.com
丹·加尼翁
總裁兼首席執行官
電話：(416)363-1210
電子郵件：info@gowestGold.com
Greg Taylor
Investor Relations
Tel: (416) 605-5120
Email: gregt@gowestgold.com
格雷格·泰勒
投資者關係
電話：(416)605-5120
電子郵件：gregt@gowestGold.com
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譯文內容由第三人軟體翻譯。