{"id":175,"date":"2022-09-07T16:47:06","date_gmt":"2022-09-07T16:47:06","guid":{"rendered":"https:\/\/geologicaresource.com\/?p=175"},"modified":"2022-09-07T16:47:07","modified_gmt":"2022-09-07T16:47:07","slug":"geologica-receives-receipt-for-amended-and-restated-final-prospectus","status":"publish","type":"post","link":"https:\/\/geologicaresource.com\/geologica-receives-receipt-for-amended-and-restated-final-prospectus\/","title":{"rendered":"GEOLOGICA RECEIVES RECEIPT FOR AMENDED AND RESTATED FINAL PROSPECTUS"},"content":{"rendered":"\n
GEOLOGICA RECEIVES FINAL RECEIPT FOR PROSPECTUS<\/strong><\/p>\n\n\n\n VANCOUVER, BC, CANADA \u2013July 27, 2022 - \u2013 Geologica Resource Corp. (the \u201cCompany\u201d)<\/strong> has received conditional approval to list its common shares (\u201cShares<\/strong>\u201d) on the Canadian Securities Exchange (\u201cCSE<\/strong>\u201d) and final receipt for its Amended and Restated Final Prospectus from the British Columbia Securities Commission (\u201cBCSC<\/strong>\u201d).<\/p>\n\n\n\n Douglas Unwin President and CEO, is pleased to announce that the Company received a letter of conditional approval from the CSE on April 11, 2022 and the receipt for its Amended and Restated Final Prospectus from the BCSC on July 27, 20022. The final receipt positions the company to complete the prospectus financing of a minimum $650,000 and a maximum of $1,000,000. On closing of the financing the shares will be listed for trading on the CSE.<\/p>\n\n\n\n The agent for the listing is Research Capital Corporation (the \u201cAgent<\/strong>\u201d). A cash commission equal to 8% of the gross proceeds of the Offering; compensation warrants, entitling the Agent to purchase that number of Common Shares (the \u201cAgent\u2019s Warrant Shares<\/strong>\u201d) equal to 8.0% of the Common Shares sold under the Offering, at a price of $0.10 per Agent\u2019s Warrant Share for a period of 24 months from the Closing; a corporate finance fee of $35,000 payable in $25,000 cash and in 100,000 Common Shares at a deemed price of $0.10 per Common Share. Please see the attached term sheet for this financing.<\/p>\n\n\n\n Geologica\u2019s Topley Property<\/strong><\/strong><\/p>\n\n\n\n