Gowest Completes Debt Conversion and Raises Proceeds of $11,000,000 From Exercise of Warrants
Gowest Completes Debt Conversion and Raises Proceeds of $11,000,000 From Exercise of Warrants
Toronto, Ontario--(Newsfile Corp. - July 4, 2023) - Gowest Gold Ltd. (TSXV: GWA) ("Gowest" or the "Company") announced today that it has completed its previously announced conversion of indebtedness in an aggregate amount of $6,859,900.24 into common shares of the Company (the "Debt Conversion"). Pursuant to the Debt Conversion, the Company issued an aggregate of 50,814,076 common shares at a price of $0.135 per share. For further details, see Gowest press release dated June 21, 2023.
安大略省多倫多-(Newsfile Corp.-2023年7月4日)-Gowest Gold Ltd.(TSXV：GWA)(“戈韋斯特“或”公司“)今天宣佈，已完成先前宣佈的將總額達6,859,900.24美元的債務轉換為本公司普通股的工作(”債務轉換“)。根據債務轉換，公司以每股0.135美元的價格發行了50,814,076股普通股。有關詳細資訊，請參閱2023年6月21日的Gowest新聞稿。
Gowest also announced today that certain holders of outstanding common share purchase warrants of the Company (the "Warrants") have exercised these Warrants for aggregate gross proceeds to the Company of $11,000,460.90 (collectively, the "Warrant Exercises"). Specifically, an aggregate of 110,004,609 common shares of the Company were issued at a price of $0.10 pursuant to the Warrant Exercises.
Gowest今天還宣佈，本公司已發行普通股認購權證的某些持有人(“認股權證)已行使此等認股權證，向本公司收取合共11,000,460.90美元的總收益(合共為搜查證演習具體而言，根據認股權證的行使，本公司共發行110,004,609股普通股，價格為0.10美元。
All securities issuable in connection with the Debt Conversion are subject to a hold-period expiring four months and one day after the date of issuance.
所有與債務轉換相關的可發行證券的持有期均為自發行之日起四個月零一天屆滿。
C. Fraser Elliott, Chairman, commented: "I would like to thank our shareholders for their continued financial support for the Company as we develop Gowest into the newest gold miner in the Timmins Camp."
C.弗雷澤·埃利奧特，主席在我們將Gowest發展成為Timmins Camp最新的金礦公司的過程中，我要感謝我們的股東們對公司的持續財務支持。
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。