{"id":116,"date":"2021-11-30T23:56:00","date_gmt":"2021-11-30T23:56:00","guid":{"rendered":"https:\/\/geologicaresource.com\/?p=116"},"modified":"2021-12-18T00:02:28","modified_gmt":"2021-12-18T00:02:28","slug":"geologica-resource-corp-announces-note-and-share-issuance","status":"publish","type":"post","link":"https:\/\/geologicaresource.com\/geologica-resource-corp-announces-note-and-share-issuance\/","title":{"rendered":"GEOLOGICA RESOURCE CORP. ANNOUNCES NOTE AND SHARE ISSUANCE"},"content":{"rendered":"\n
VANCOUVER, BC, CANADA \u2013 November 30, 2021 \u2013 Geologica Resource Corp. (the \u201cCompany\u201d) <\/strong>has issued notes (the \u201cNotes\u201d<\/strong>) and common shares. <\/p>\n\n\n\n The Company has issued $30,000 of Notes and 39,000 common shares to subscribers in BC (the \u201cFinancing<\/strong>\u201d). The Notes carry a 1% per month interest rate which accrues until the Notes are repaid or maturity of the Note 3 years from closing. On closing the Note holders were issued the first 3 interest payments and an administrative fee equal to 10% of the value of the Notes in common shares of the Company at a deemed value of $0.10 per share. There is a $1,000 finders fee payable on the Financing. <\/p>\n\n\n\n The Topley Property <\/strong><\/p>\n\n\n\n The Topley property is located in central BC and is road accessible with power lines running through the property making the property very cost effective to explore. The region near Babine Lake is known for its large porphyry, copper\/gold, and copper\/molybdenum deposits including past producing copper mines, Granisle and Bell. Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in BC. The Topley Property consists of 7 mineral claims totaling 2,669 Ha with known prospects and showings. <\/p>\n\n\n\n About Geologica Resource Corp. <\/strong><\/p>\n\n\n\n