Gossan Resources Limited: Gossan Resources Announces Fully Subscribed Flow-Through Private Placement
Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the
Company or
Offering ) of 8,000,000 flow through units (each a
FT Unit ) at a purchase price of $0.24 per FT Unit for aggregate gross proceeds of $1,920,000. Each FT Unit to be issued pursuant to the Offering shall be comprised of one flow through common share (each a
Flow Through Share ) and one-half of one common share warrant (a whole warrant being a
Warrant ). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company (each a Warrant Share ) at an exercise price of $0.30 for the period expiring two (2) years following the closing date of the Offering. Mr. Eric Sprott is purchasing a total of 7,900,000 FT Units as a result of the Offering.
Gossan Resources Limited: Gossan Welcomes New Management
Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the
Company ) has strengthened and built out its management team with the addition of: Samuel Pelaez, MFin, CFA, who has joined the team as President & CEO and a Director; and George N Mannard, MScA, P.Geo, who also brings a wealth of sage exploration and governance experience to the Board of Directors.
Samuel Pelaez has dedicated the past decade to financing natural resource projects while serving as Chief Investment Officer and Portfolio Manager at Galileo Global Equity Advisors, and as an analyst at US Global Investors. Samuel has been an early investor in numerous mining discoveries and has been an active participant in Canadian mining corporate transactions. Sam/Samuel graduated from the Schulich School of Business with Distinction. He also holds a Masters in Finance degree from The University of Cambridge. He was a scholar of the Financial Leaders of To
Gossan Resources Limited: Gossan Completes $396,000 Private Placement
Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the
Company ) has completed a non-brokered private placement offering (the
Offering ) of 6,600,000 units (
Units ) of the Company at a purchase price of $0.06 per Unit, for aggregate gross proceeds of $396,000. Each Unit consists of one common share (
Common Share ) in the capital of the Company and one Common Share purchase warrant (a
Warrant ) of the Company. Each Warrant is exercisable to acquire one Common Share at a price of $0.08 until December 21, 2021; and thereafter, at a price of $0.12 until expiry on December 21, 2022.
The net proceeds from the Offering will be used for general corporate and working capital purposes. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the closing date, expiring on June 25, 2021. The offering is subject to receipt of final
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