Giant Mining Announces Update on AGM Matters
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Press Release December 5, 2024
Giant Mining Announces Update on AGM Matters
VANCOUVER, BC — December 5, 2024 — Giant Mining Corp. (CSE: BFG
| OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”)
announces that at the Company’s annual general meeting (the “AGM”), the
shareholders of the Company will also be asked to approve a private
placement of the Company as further described below.
The proposals to be considered at the Meeting include all those described in
detail in the proxy materials previously distributed to the Company’s
shareholders on November 6, 2024 and filed on SEDAR+ on October 31, 2024.
Additionally, shareholders will now also be asked to pass a resolution
approving the issuance of up to 30,000,000 units of the Company (“Units”)
in connection with the Company’s private placement of $0.10 units, which is
an increase of the amount of units announced on December 4, 2024 (the
“Private Placement”). Each Unit shall consist of one common share and one
whole common share purchase warrant. The Private Placement requires
shareholder approval under Section 4.6(2)(a) of Canadian Securities
Exchange Policy 4 Corporate Governance, Security Holder Approvals and
Miscellaneous Provisions as the proposed issuance of up to 30,000,000 Units
thereunder is greater than 100% of the Company’s currently issued and
outstanding securities.
The Meeting will be held by Zoom at:
https://us02web.zoom.us/j/85774488396?pwd=U6fKicUmBtbLuRz84yG
KE1ifoACjbt.1
Meeting ID: 857 7448 8396
Passcode: 626253
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Proxies received up to 9:00 am (Pacific Time) on December 6, 2024 may be
accepted at the discretion of the Chairman of the AGM. The record date for
the AGM remains the same. Registered shareholders and validly appointed
proxyholders may attend the AGM by Zoom. Management recommends
Shareholders vote in favour of approving the Private Placement.
Furthermore, on December 4, 2024, the Company announced another offering
of 1,371,040 common shares at $0.12 per share pursuant to the Listed Issuer
Financing Exemption (the "LIFE Exemption") under Part 5A of National
Instrument 45-106- Prospectus Exemptions, in Alberta, British Columbia, and
Ontario. There will be an offering document related to this LIFE Exemption
offering that will be available 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 before making an investment decision.
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 includes certain statements that may be deemed “forward-looking
statements”. All statements in this new release, other than statements of historical
facts, that address events or developments that the Company expects to occur, are
forward-looking statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the words “expects”,
“plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Forward-looking statements in this news release include, without
limitation, statements related to the matters to be . Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking statements. Factors that
could cause the actual results to differ materially from those in forward -looking
statements include market prices, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward -looking
statements. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company’s management on the date the statements are made. Except
as required by applicable securities laws, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.