(TheNewswire)
Vancouver, B C - TheNewswire - February 23,2023 - Gold Lion ResourcesInc. (“ Gold Lion ” or the “ Company ”)( CSE:GL) (OTC:GLIOF)(FWB:2BC) is pleased to announce that it hasclosed a non-brokered private placement financing for gross proceedsof $367,275 through the issuance of an aggregateof 4,896,999 common shares at a price of $0.075 per share . The Company will use the proceeds of the financing forgeneral working capital. The shares issued inthe financing are subject to a four month hold period expiring June24, 2023 in accordance with applicable Canadian securities laws.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its precious metal focused portfolioincluding the Cuteye and Fairview Properties located in Idaho andBritish Columbia. For more information please visit: https://goldlionresources.com/ .
ON BEHALF OF THE BOARD OF DIRECTORS
Lawrence Hay, CEO
T: 604-687-2038
The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.
Forward-Looking Statements
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”,“expects” or “does not expect”, “is expected”,“estimates”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or“will” be taken, occur or be achieved. Actual future results maydiffer materially. The forward-looking information reflectsmanagement's current expectations based on information currentlyavailable and are subject to a number of risks and uncertainties thatmay cause outcomes to differ materially from those discussed in theforward-looking information. Such risk factors may include, amongothers, but are not limited to: general economic conditions in Canadaand globally; industry conditions, including governmental regulationand environmental regulation; the availability of capital onacceptable terms; the need to obtain required approvals fromregulatory authorities; stock market volatility; competition for,among other things, skilled personnel and supplies; incorrectassessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipatedbenefits of acquisitions and dispositions; and the other factors.Although the Company believes that the assumptions and factors used inpreparing the forward-looking information are reasonable, unduereliance should not be placed on such information and no assurance canbe given that such events will occur in the disclosed time frames orat all. Factors that could cause actual results or events to differmaterially from current expectations include: (i) adverse marketconditions; and (ii) other factors beyond the control of theCompany. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess theimpact of all factors on Company’s business or the extent to whichany factor, or combination of factors, may causeactual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news releaseand the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, futureevents or otherwise, except as required by applicable law. Additionalinformation identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadiansecurities regulators, which are available at www.sedar.com.
600-1090 West Georgia St., Vancouver, British Columbia V6E 3V7
T: (604-687-2038)/ W: https://goldlionresources.com/
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