(TheNewswire)
TheNewswire - July 26,2021 - Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF)(FSE:7RH1) announces that the Warrantsexpiring on July 22 nd ,2021 comprising of Warrants 14,332,000 andFinder’s Warrants of 477,750 have expired.
As a result, the current Issued Share Capital is57,971,575. Together with Warrants outstanding of 11,476,693 andoptions outstanding of 5,150,00. Current fully diluted74,598,268
The Company continues to consider its strategy of workswith new discoveries to enable and source both the best plant andmachinery to provide both efficiency and price to commence extractionthrough production.
Exploration Update:
Exploration success continues at the Providence Groupof Gold Mines and a press release is pending.
Further to the News Release dated June 29, 2021, theCompany has been granted a 30-day extension to complete a secondtranche of financing.
Spidex machine on its way toexcavate new showings.
Qualified Person:
Dr. Lee Groat Ph.D., P.Geo is the Company’s qualifiedperson (as defined under NI 43-101 and
has read and approved the technical informationcontained in this news release). Mark Payne P.Geo is registered inthe State of California is working under the direct supervision of LeeGroat QP.
ON BEHALF OF THE BOARD
"Ronald Coombes"
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASECONTACT:
Office: (604) 688-8200
Email: info@providencegold.com
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CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION
All statements, trendanalysis and other information contained in this press releaserelative to markets about anticipated future events or resultsconstitute forward-looking statements. All statements, other thanstatements of historical fact, included herein, including, withoutlimitation, statements relating to the permitting process, futureproduction of Providence Gold Mines, budget and timing estimates, theCompany’s working capital and financing opportunities and statementsregarding the exploration and mineralization potential of theCompany’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks anduncertainties and other factors that could cause actual results ofoperations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual resultsto differ materially from Providence Gold Mines expectations includefluctuations in commodity prices and currency exchange rates;uncertainties relating to interpretation of drill results and thegeology, continuity and grade of mineral deposits; the need forcooperation of government agencies and native groups in theexploration and development of properties and the issuance of requiredpermits; the need to obtain additional financing to develop propertiesand uncertainty as to the availability and terms of future financing;the possibility of delay in exploration or development programs anduncertainty of meeting anticipated program milestones; and uncertaintyas to timely availability of permits and other governmental approvals.Forward-looking statements are based on estimates and opinions ofmanagement at the date the statements are made. Providence Gold Minesdoes not undertake any obligation to update forward-looking statementsexcept as required by applicable securities laws. Investors should notplace undue reliance on forward- looking statements.
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
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