Gaia Metals Corp. Announces Non-Brokered Private Placement
Suite 500 - 666 Burrard Street Vancouver, BC, V6C 3P6
Tel: (778) 945 2950 www.gaiametalscorp.com
Trading Symbol: TSX.V: GMC OTCQB: RGDCD Frankfurt: R9G (WKN: A11575)
Gaia Metals Corp. Announces Non-Brokered Private Placement
Vancouver, November 18, 2019 – Gaia Metals Corp. (the “Company”) (TSX.V: GMC) (OTCQB: RGDCD) (FSE: R9G) is pleased to announce a non-brokered private placement of up to $600,000 (the “Private Placement”).
The Company will issue up to 8,571,428 units at a price of $0.07 per unit. Each unit will consist of one common share of the Company and one transferable share purchase warrant. Each warrant will entitle the holder to acquire additional one common share at an exercise price of $0.09 in year one, $0.15 in year two and $0.20 in year three.
The Company will use the proceeds from the Private Placement towards general working capital. Finder’s fees may be payable in connection with the Private Placement, all in accordance with the policies of the TSX Venture Exchange.
The Private Placement is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under the Private Placement.
About Gaia Metals Corp.
Gaia Metals Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.
The Company’s primary assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining, a recent spin-out from Osisko Mining, for a 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-silver-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in surface sample, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.
In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Silica Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.
For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, Email: [email protected] or visit www.gaiametalscorp.com.
On Behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Statements:
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward- looking statements.