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GoldON Resources Ltd: GoldON Resources Corporate Update
Victoria, British Columbia (Newsfile Corp. - February 16, 2021) -
GoldON Resources Ltd. (TSXV: GLD) ( GoldON or the Company ) is a Canadian gold explorer focused on discovery through the exploration of overlooked and underexplored properties, and is pleased to provide an overview of the Company.
Capital Structure:
GoldON has no debt other than current trade payables and has raised approximately $2,856,000 over the last five months at an average price of $0.73 per share, with the latest financing closed with Mr. Eric Sprott. Share capitalization includes 22,318,292 common shares issued, 4,882,633 common share purchase warrants exercisable at an average price of $0.77, 2,616,000 incentive stock options exercisable at an average price of $0.41, and 29,816,925 common shares outstanding on a fully diluted basis assuming all warrants and options are exercised. Insider ownership is approximately fifteen percent of shares issued
Five discovery-stage gold projects in Northwestern Ontario and fully funded to complete current exploration plans
Five discovery-stage gold projects in Northwestern Ontario and fully funded to complete current exploration plans.
GoldON Resources Ltd. (TSXV: GLD) (“GoldON” or the “Company”) is a Canadian gold explorer focused on discovery through the exploration of overlooked and underexplored properties, and is pleased to provide an overview of the Company.
Capital Structure:
GoldON has no debt other than current trade payables and has raised approximately $2,856,000 over the last five months at an average price of $0.73 per share, with the latest financing closed with Mr. Eric Sprott. Share capitalization includes 22,318,292 common shares issued, 4,882,633 common share purchase warrants exercisable at an average price of $0.77, 2,616,000 incentive stock options exercisable at an average price of $0.41, and 29,816,925 common shares outstanding on a fully diluted basis ass
“With less airline seat capacity and fewer hotel rooms available in 2021, high volume tourism will be very slow to return” and the BTA is “recalibrating 2021 marketing activity to leverage this luxury traveller trend’ as jetsetters “is a traveller segment Bermuda can win.”
These were some of the points made as the Bermuda Tourism Authority explained their 2021 outlook for tourism following after the past year’s unprecedented declines in tourism due to the worldwide pandemic.
Major Declines In 2020
“The crisis that beset our tourism industry was prolonged and decimating, and as predicted, the recovery is slow and gradual,” BTA Interim Glenn Jones said, adding that “our organisation is motivated to find green shoots within the industry and leverage those opportunities to accelerate the destination’s recovery in 2021.”