(TheNewswire)
August 30, 2023 – TheNewswire - Vancouver, British Columbia: Gold Basin Resources Corporation (the "Company" or "Gold Basin")– ( TSXV : GXX ) ( OTC:GXXFF ) announces that, further to its news release of August8 th ,2023, it has increased its Financing to up to C$943,000 from thepreviously announced C$500,000. All other aspects of the Financingremain as disclosed in the August 8 th newsrelease.
The Company also announces the appointment ofJacqueline Collins as Corporate Secretary of the Company. Mr. Stephen Pearce has resigned his position as CorporateSecretary effective August 30 th , 2023. The Company wishes to thank Mr.Pearce for his contributions to the Company.
Jacqueline Collins– Corporate Secretary
Ms. Collins is a Securities/Corporate Finance Paralegalwith over 30 years of experience as a legal administrator, corporatesecretary, and paralegal at independent and national law firms andwith public companies. She specializes in the preparation,finalization and filing of all securities documents with Canadiansecurities regulators including all continuous disclosuredocuments.
ABOUT GOLD BASIN RESOURCES CORPORATION
Gold Basin Resources is advancingthe 42 km 2 Gold Basin Project,located in the tier-one mining jurisdiction of Mohave County, Arizona.The Project hosts multiple at-surface oxide gold deposits which remainlargely open for expansion, and district-scale exploration potentialwhich has been vastly underexplored by modern technologies. Gold Basinis accessible year-round via a 1.5-hour-drive on I93 Highway southwestof Las Vegas, and high-power electrical lines from the Hoover Damcrosscut the southern Project area. For further information, pleasevisit the Company’s web site at: www.goldbasincorp.com .
Gold Basin is a member of DiscoveryGroup, an alliance of public companies focused on the advancement ofmineral exploration and mining projects. For more information pleasevisit: www.discoverygroup.ca .
On Behalf of the Board of Directors
Colin Smith
Chief Executive Officer
For further information, please contact:
Michael Rapsch, Investor Relations
Phone: 1-604-331-5093
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release.
FORWARD-LOOKING STATEMENTS:
This news release contains forward-looking statementsand forward-looking information (collectively, "forward lookingstatements") within the meaning of applicable Canadian and U.S.securities legislation. All statements, other than statements ofhistorical fact, included herein including, without limitation,statements regarding the completion of the Financing, payment offinder's fees, the use of proceeds from the Financing, and theanticipated business plans and timing of future activities of theCompany, are forward-looking statements. Although the Company believes that such statements arereasonable, it can give no assurance that such expectations will proveto be correct. Forward-looking statements are typically identifiedby words such as: "believes", "expects","anticipates", "intends", "estimates","plans", "may", "should","would", "will", "potential","scheduled" or variations of such words and phrases andsimilar expressions, which, by their nature, refer to future events orresults that may, could, would, might or will occur or be taken orachieved. Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of the Company to differmaterially from any future results, performance or achievementsexpressed or implied by the forward looking information. Such risksand other factors include, among others, statements as to the closingof the Financing, anticipated business plans, direction and timing offuture activities of the Company, the ability of the Company to obtainsufficient financing to fund its business activities and plans, delaysin obtaining governmental and regulatory approvals (including of theTSX Venture Exchange), permits or financing, changes in laws,regulations and policies affecting mining operations, currencyfluctuations, title disputes or claims, environmental issues andliabilities, risks relating to epidemics or pandemics such asCOVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations, changes inlaws, regulations and policies affecting mining operations, titledisputes, the inability of the Company to obtain any necessarypermits, consents, approvals or authorizations, the timing andpossible outcome of any pending litigation, environmental issues andliabilities, and risks related to joint venture operations, and otherrisks and uncertainties disclosed in the Company's continuousdisclosure documents. All of the Company's Canadian publicdisclosure filings may be accessed via www.sedar.com and readers areurged to review these materials.
Readers are cautioned not to place undue reliance onforward-looking statements. The Company does not undertake anyobligation to update any of the forward-looking statements in thisnews release or incorporated by reference herein, except as otherwiserequired by law.
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