Giant Mining Corp. Announces Closing of Non-Brokered Private Placement of $1,380,906.30
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*Press Release May 14, 2024
Giant Mining Corp. Announces
Closing of Non-Brokered Private Placement of $1,380,906.30
VANCOUVER, BC — May 14, 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
April 29, 2024, it has closed an over subscribed non-brokered private placement financing of 4,603,021
units at $0.30 per unit ("Units") raising gross proceeds of $1,380,906.30 (the "Private Placement").
Each Unit is comprised of one common share (each, a "Share") and one share purchase warrant ( each, a
"Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at
an exercise price of $0.40 per Share for a period of 24 months from closing, subject to an accelerated expiry.
In the event that after four months and one day after the Warrants and Finders' Warrants are issued, the
closing price of the common shares is at or above $1.20 per common share for five (5) or more consecutive
trading days, the Company may provide notice, whether by written notice or the issuance of a news release
(the "Acceleration Notice") to the Holder that the expiry date of the Warrants and Finders' Warrants has
been accelerated and that Warrants and Finders' Warrants not exercised within thirty days of the date of the
Acceleration Notice will expire thirty days from the date of the Acceleration Notice.
Certain insiders of the Company purchased 1,603,334 Units in the Private Placement.
In connection with the Private Placement, the Company paid an aggregate of $14,406 in cash finders' fees
and issued an aggregate of 48,020 finders' warrants (the "Finders' Warrants"). The Finders' Warrants are
non-transferable and have the same terms as the Warrants forming part of the Units.
The Shares, Warrants and Finders' Warrants are subject to a hold period until September 15, 2024 pursuant
to applicable securities legislation.
The net proceeds from the Private Placement will be allocated towards further exploration activities on the
Company's Nevada Project and for general corporate purposes.
The securities referred to herein will not be or have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
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About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and
copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply
for precious metals fueled by the Green New Deal in the US and most other developed nations with similar
programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and
especially copper to produce Electric Vehicles and other renewable power sources, as well as build ing
infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside
Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where
government regulations are supportive of mining operations.
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:
Joel Warawa
VP of Corporate Communications
P: 1 (855) 475-0745
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward -looking" statements. Forward looking
statements are statements that are not historical facts and are ge nerally, 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. Although Giant Mining Corp. 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 forward looking
statements. Forward looking statements are based on the beliefs, estimates and opinions of Giant Mining Corp.
management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no
obligation to update these forward -looking statements in the event that management's beliefs, estimates or opinions,
or other factors, should change.