(TheNewswire)
News Release – TheNewswire - Vancouver, British Columbia – December15, 2022: GSP ResourceCorp. ( TSXV:GSPR ) (the “ Company ” or“ GSP ”) announces a non-brokered private placement of up to1,000,000 units (each, a “ Unit ”) at a price of $0.08 per Unit forgross proceeds of up to $80,000 (the “ Private Placement ”). Each Unit consists of one ‘flow-through’ (within the meaning of the Income Tax Act (Canada) ) common share (each a “ FT Share ”) and onetransferable common share purchase warrant (“ Warrants ”). EachWarrant entitles the holder to purchase one common share of theCompany at a price of $0.15 per share for a period of one (1) yearfollowing the date of issuance.
The Company intends to use the proceeds from the saleof the FT Shares towards exploration and development work on the Alwin Mine Copper Project.
In connection with the Private Placement, the Companymay pay finders’ fees in cash or securities, or a combination ofboth, as permitted by the policies of the TSX Venture Exchange (the“ Exchange ”) and applicable securities laws. All securities issuedpursuant to the Private Placement will be subject to a four-month holdperiod. The Private Placement is subject to approval by theExchange.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration &development company focused on projects located in SouthwesternBritish Columbia. The Company has an option to acquire a 100%interest and title to the Alwin Mine Copper-Gold-Silver Property inthe Kamloops Mining Division. GSP also owns 100% of the OlivineMountain Property in the Similkameen Mining Division of which it hasgranted an option to earn a 60% interest to a third party.
Contact Information - For more information, please contact:
Simon Dyakowski, Chief Executive Officer &Director
Tel: (604) 619-7469
Email: simon@gspresource.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
This news release does not constitute an offer to sellor a solicitation of an offer to buy nor shall there be any sale ofany of the securities in any jurisdiction in which such offer,solicitation or sale would be unlawful, including any of thesecurities in the United States of America. The securities have notbeen and will not be registered under the United States Securities Actof 1933, as amended (the “ 1933 Act ”) or anystate securities laws and may not be offered or sold within the UnitedStates or to, or for account or benefit of, U.S. Persons (as definedin Regulation S under the 1933 Act) unless registered under the 1933Act and applicable state securities laws, or an exemption from suchregistration requirements is available.
This news release contains “forward?lookinginformation or statements” within the meaning of applicablesecurities laws, which may include, without limitation , the Private Placement, completing additional work on theAlwin Project, other statements relating to the technical, financialand business prospects of the Company, its projects and othermatters . All statements inthis news release, other than statements of historical facts, thataddress events or developments that the Company expects to occur, areforward-looking statements. Although the Company believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results may differ materially from those in theforward-looking statements. Such statements and information are basedon numerous assumptions regarding present and future businessstrategies and the environment in which the Company will operate inthe future, including the price of metals, the ability to achieve itsgoals, that general business and economic conditions will not changein a material adverse manner, that financing will be available if andwhen needed and on reasonable terms. Suchforward-looking information reflects the Company’s views withrespect to future events and is subject to risks, uncertainties andassumptions, including those filed under the Company’s profile onSEDAR at www.sedar.com . Factors that could cause actual resultsto differ materially from those in forward looking statements include,but are not limited to, continued availability of capital andfinancing and general economic, market or business conditions, adverseweather conditions, decrease in the price of copper and gold, failureto maintain all necessary government permits, approvals andauthorizations, failure to maintain community acceptance (includingFirst Nations), increase in costs, litigation, and failure ofcounterparties to perform their contractual obligations. The Company does not undertake to update forward?lookingstatements or forward?looking information, except as required bylaw.
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