Gotham Resource Corp. Closes Subscription Receipt Financing
GOTHAM RESOURCE CORP.
2500 – 700 West Georgia Street
Vancouver, B.C. V7Y 1B3
Telephone: (604) 684-9151
NEWS RELEASE
GOTHAM RESOURCE CORP. CLOSES SUBSCRIPTION RECEIPT FINANCING
January 18, 2024 – Gotham Resource Corp. (“Gotham”), (TSXV: GHM.P) is pleased to announce that it
has closed its non-brokered financing (the “Financing”) of subscription receipts. Pursuant to the Financing,
Gotham has issued an aggregate of 1,421,367 subscription receipts (the “Subscription Receipts”) at $0.75
for gross proceeds of $1,066,025.25. Each subscription receipt will convert into one common share (a
“Subscription Receipt Share ”) of the Resulting Issuer and one-half of one Resulting Issuer warrant (a
“Subscription Receipt Warrant ”) upon satisfaction of certain escrow release conditions and upon t he
completion of the previously announced qualifying transaction with CopperEx Resources Corporation (the
“Transaction”) (See Gotham’s August 16, 2023 and October 16, 2023 news releases for additional details
on the Transaction). Each whole Subscription Receipt Warrant entitles the holder to purchase an additional
common share in the capital of the Resulting Issuer at a price of $1.00 for a period of one year from issuance,
subject to an accelerator clause. The Subscription Receipt Shares and Subscription Receipt Warrants
issuable upon the conversion of the Subscription Receipts will not be subject to a hold period under
applicable securities legislation in Canada.
An aggregate of $60,960.02 f inder’s fees and 81,28 0 finder’s warrants to Haywood Securities Inc. ,
Canaccord Genuity Corp. and Scotia Capital Inc., which are payable in respect of the Financing , will be
paid upon satisfaction of certain escrow release conditions and on completion of the Transaction. Gross
proceeds from the Financing will be held in escrow pending closing of the Transaction and will be used to
finance the Resulting Issuer’s initial obligations under the Transaction.
About Gotham Resource Corp.
Gotham Resource Corp. is a Capital Pool Company under TSXV Policy 2.4 – Capital Pool Companies .
Since its incorporation, the principal business of Gotham Resource Corp. has been to identify, evaluate and
acquire assets, properties or business which could constitute a Qualifying Transaction.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chase Taylor-Robins, CEO of Gotham Resource Corp.
Email: [email protected]
Cautionary Note
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 release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within
the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and
projections as at the date of this news release. The information in this news rel ease about the completion
of the proposed transaction and financing described herein, and other forward-looking information
includes but is not limited to information concerning the intentions, plans and future actions of the parties
to the transactions de scribed herein and the terms of such transaction. Factors that could cause actual
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results to differ materially from those described in such forward -looking information include, but are not
limited to, risks related to Gotham’s inability to perform the proposed transactions.
The forward-looking information in this news release reflects the current expectations, assumptions and/or
beliefs of Gotham based on information currently available to Gotham . In connection with the forward-
looking information contained in this news release, Gotham has made assumptions about Gotham’s ability
to complete the planned transaction and activities. Gotham has also assumed that no significant events will
occur outside of Gotham’s normal course of business. Although Gotham believes that the assumptions
inherent in the forward-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, Gotham disclaims any intent or obligation to update any forward-
looking information, whether as a result of new information, future events or results or otherwise.
.