Gambier GOLD Announces Strategic Investment BY Crescat Capital
GAMBIER GOLD ANNOUNCES STRATEGIC INVESTMENT
BY CRESCAT CAPITAL
VANCOUVER,
BC
–
March
11,
2021–
Gambier
Gold
Corp.
(
TSX-V:
GGAU
)
(the
“Company”
)
is
pleased
to
announce
that
it
intends
to
complete
a
non-brokered
private
placement
financing.
Crescat
Capital
LLC
(“Crescat”)
has
agreed
to
make
a
strategic
investment
with
the
Company
representing
a
9.9
%
ownership
of
the
Company
post-funding
of
the
currently
active
non-brokered
flow
through
and
non-flow
through
financings.
Crescat
will
have
an
option
to
participate
in
future
financings
to
maintain
their
9.9
%
interest
in
the
Company for a period of 3 years from the date of closing.
“Kirkland
Lake
Gold
paid
C$5
billion
for
the
15
million
ounce
deposit
next
door
to
Gambier’s
claims.
There
is
no
question
this
belt
has
gold.
We
are
attracted
by
the
structure
in
the
geophysics
on
Gambier’s
property
that
continues
from
Detour
Lake.
We
love
that
this
camp
has
little
exploration
to
date
due
to
the
glacial
till.
The
opportunity
to
go
fishing
for
a
whale
by
funding
a
cutting-edge
sonic
drill
program
here
is
exciting”
,
stated
Kevin
Smith,
Crescat’s
founder and Chief Investment Officer.
The
non-brokered
private
placement
financing
will
consist
of
up
to
5,333,334
units
(the
“Units”)
of
the
Company
at
a
price
of
$0.15,
for
gross
proceeds
of
up
to
$800,000.10.
Each
Unit
will
consist
of
one
common
share
and
one
share
purchase
warrant
(the
“Warrant”).
Each
Warrant
will
entitle
the
holder
to
purchase
one
additional
common
share,
up
to
a
total
of
5,333,334
at
an
exercise
price
of
$0.23
for
a
period
of
two
(2)
years
from
the
date
of
closing.
The
net
proceeds
of
the
financing
will
be
used
for
exploration
work
on
the
Detour
West
project
in
northeastern
Ontario,
as
well
as
for
exploration
on
its
other
mineral exploration properties and for general working
capital.
“We
are
extremely
pleased
to
welcome
Crescat
Capital
as
an
early-stage,
strategic
shareholder
in
Gambier.
Their
investment
represents
a
strong
endorsement
of
the
potential
for
discovery
at
Detour
West
and
will
accelerate
our
ability
to
conduct
an
aggressive
exploration
program
on
the
ground
starting
this
spring.
Our
near
future
exploration
efforts
will
mark
the
first
time
that
modern
exploration
consisting
of
geophysics,
deep
till
sampling
by
sonic
drilling
and
diamond
drilling
have
taken
place
on
the
majority
of
the
mineral
tenure.
We
look
forward
to
starting
our
first
planned
exploration
program
at
Detour
West
and
reporting
the
results”,
remarked
Michael Schuss, President & CEO of Gamier Gold.
Shares
issued
pursuant
to
the
Financing
will
be
subject
to
a
four-month
hold
period
according
to
applicable
securities
laws
of
Canada.
Finders’
fees
may
be
payable
on
the
private placement, subject to the policies of the
TSX Venture Exchange.
About Crescat Capital LLC
Crescat
is
a
global
macro
asset
management
firm
headquartered
in
Denver,
Colorado.
Crescat’s
mission
is
to
grow
and
protect
wealth
over
the
long
term
by
deploying
tactical
investment
themes
based
on
proprietary
value-driven
equity
and
macro
models.
Crescat’s
goal
is
industry
leading
absolute
and
risk-adjusted
returns
over
complete
business
cycles
with
low
correlation
to
common
benchmarks.
Crescat’s
investment
process
involves
a
mix
of
asset
classes
and
strategies
to
assist
with
each
client’s
unique
needs
and
objectives
and
includes Global Macro, Long/Short, Large Cap and Precious
Metals funds.
Crescat
is
advised
by
its
technical
consultant
Dr.
Quinton
Hennigh
on
investments
in
gold
and
silver
resource
companies.
Dr.
Hennigh
became
an
economic
geologist
after
obtaining
his
PhD
in
Geology/Geochemistry
from
the
Colorado
School
of
Mines.
He
has
more
than
30
years
of
exploration
experience
with
major
gold
mining
firms
that
include
Homestake
Mining,
Newcrest
Mining
and
Newmont
Mining.
Recently,
Dr.
Hennigh
founded
Novo
Resources
Corp
(TSX-V:
NVO)
and
currently
serves
as
Chairman.
Among
his
notable
project
involvements
are
First
Mining
Gold’s
Springpole
gold
deposit
in
Ontario,
Kirkland
Lake
Gold’s
acquisition
of
the
Fosterville
gold
mine
in
Australia,
the
Rattlesnake
Hills
gold
deposit
in
Wyoming,
and
Lion
One’s
Tuvatu
gold
project
on
Fiji,
among
many
others.
About Gambier Gold Corp.
Gambier
Gold
Corp.
is
an
experienced
greenfield
precious
metals
explorer
and
project
generator.
Based
in
Vancouver,
British
Columbia,
Gambier
has
secured
major
under-explored
land
positions
along
trend
of
large
known
deposits
in
three
world-class
gold
producing
districts
in
Ontario
and
Quebec.
The
Detour
West
project
is
the
company’s
main
focus
and
sits
within
the
Detour-Fenelon
gold
trend,
along
strike
within
20
km
of
Kirkland Lake Gold’s Detour Lake mine.
ON BEHALF OF THE BOARD
Michael E. Schuss
President & CEO
For further information, please contact:
Gambier Gold Corp.
Phone: (604) 241-2254
E-mail:
Website:
www.gambier.gold
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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.