Giant Mining Announces Closing of Private Placement
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Press Release December 19, 2024
Giant Mining Announces Closing of Private Placement
VANCOUVER, BC — December 19, 2024 — Giant Mining Corp. (CSE: BFG
| OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased
to announce that further to its news release dated December 4th and 5th, 2024,
the Company has completed the previously announced non-brokered private
placement of 1,371,040 common shares in the capital of the Company (the
“Common Shares”) at a price of $0.12 per Common Share for aggregate
gross proceeds of $164,524.80 (the “Offering”).
The Offering was completed pursuant to the listed issuer financing exemption
under Part 5A of National Instrument 45-106 – Prospectus Exemptions.
Accordingly, the Common Shares issued in the Offering are not subject to a
statutory hold period in accordance with applicable Canadian securities laws.
There is an offering document related to the Offering, which can be accessed
under the Company’s profile at www.sedarplus.ca and on the Company’s
website at www.giantminingcorp.com. Prospective investors should read this
offering document prior to making any investment decisions.
The securities issued pursuant to the Offering have not, nor will they be
registered under the United States Securities Act of 1933, as amended, and
may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons in the absence of U.S. registration or an applicable
exemption from the U.S. registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in the Unite d States or in any other
jurisdiction in which such offer, solicitation or sale would be unlawful.
The Company intends to use the proceeds of the Offering on its core drilling
program, updating 43-101 report and general working capital.
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Neither the Canadian Securities Exchange nor its Market Regulator (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for
the adequacy or accuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
P: 1 604) 790-7291
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
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Forward-Looking Statements
This news release contains certain forward-looking information. Such information
involves known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially different from those
implied by statements herein, and therefore these statements should not be read as
guarantees of future performance or results. All forward-looking statements are based
on the Company’s current beliefs as well as assumptions made by and information
currently available to it as well as other factors. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date of
this press release. Due to risks and uncertainties, including the risks and uncertainties
identified by the Company in its public securities filings, actual events may differ
materially from current expectations. The Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.