Gold Hill Holdings to Resume Trading on the TSX Venture Exchange
Gold Hill Holdings to Resume Trading on the TSX Venture Exchange
Vancouver, British Columbia – January 19, 2022 –Goldhills Holdings Ltd. (TSX-V:GHL) OTCQB:
GODZF. GRYA: Frankfurt (“Goldhills” or the “Company”) is pleased to announce it has filed the NI 43-101
Technical Report titled "NI 43-101 Technical Report on Exploration Target of Siguiri Gold Project, Guinea
(West Africa) and dated October 15, 2021" (the “Technical Report”), prepared by Bedrock Mineral
Resource Consulting, UAE. ("BMR"). The Technical Report is available on SEDAR under the Company's
profile. The Company is also pleased to announce that it is expected to resume trading on the TSX Venture
Exchange (the “Exchange”) on Friday January 21, 2022.
The Company signed a share exchange agreement with Sun & Sand Mine and Mineral Trading DMCC.
(“Sun & Sand”) dated June 29, 2021 as amended July 6, 2021, and November 29, 2021 (as amended, the
“Definitive Agreement”), for the acquisition of Sun & Sand Mining & Metals Guinea SA (“Sun & Sand
Guinea”) the holding company that holds a 100% interest in its gold focused Siguiri Property (the “Siguiri
Gold Property”) located in in Guinea, West Africa (the “Transaction”). Sun & Sand Guinea has no other
assets or liabilities other than the Siguiri Gold Property.
The Company has recieved conditional approval for the Transaction the TSX Venture Exchange (the
“Exchange”). In addition, the Company plans to announce a private placement financing of $700,000 which
is expected to be a common share offering. Details of the financing will be provided in a later press release.
The Company expects to close the Transaction and Financing within 30 days of resumption of Trading on
the Exchange.
The Siguiri Gold Project is a gold exploration property wholly owned by Sun & Sand Mining & Metals SA.
The property consists of two contiguous blocks covering a total area of 175 km2 located in Siguiri and 35km
southwest of the Anglo Gold Ashanti Siguiri gold mine. The Siguri region has a record of historic production
dating back to the 13th century and is one of the first - gold producing regions in west Africa. The reader is
cautioned that resources that exist on adjacent properties (including the Anglo Ashanti’s Siguiri gold mine)
is not necessarily indicative of potential on the Siguiri Gold Property.
BMR has recommended a Phase I exploration program on the Property is targeted to get further confidence
on target anomalies by infill sampling within the identified targets. The anomalous zones need to be
reinterpreted based on the infill samples results of Phase I.
The Approximate Budget for Phase I in US Dollars is as follows:
Ravindra Sharma, a “Qualified Person” as that term is defined under NI 43-101, has reviewed and approved
the technical information contained in this news release. Mr. Sharma is also a consultant of the Company.
About Goldhills
Goldhills Holding Ltd. (“Goldhills”) is a Canadian exploration company listed on the TSX Venture
Exchange. Goldhills’ strategy is to generate or acquire early-stage precious metals exploration
opportunities and advance them through direct exploration by our experienced team or by business
partnerships and joint venture arrangements focuses on sourcing production and near-term production
mining opportunities.
On behalf of the Board of Directors:
Sergei Stetsenko
CEO and Director
For further information contact:
Telephone +16046307296
Website http://goldhills.co/
Neither 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.
Information set forth in this news release contains forward -looking statements. These statements relate to
the completion of the Transaction, the expectations relating to officers, directors and insiders of Goldhills,
among others, reflect management’s current estimates, beliefs, intentions and expectations; they are not
guarantees of future performance. Goldhills cautions that all forward looking statements are inherently
uncertain and that actual performance may be affected by a number of material factors, many of which are
beyond Goldhills’ control. Such factors include, among other things: risks and uncertainties relating to
Goldhills’ ability to complete the proposed Transaction , raise financing or complete its recommended
exploration program, and other risks and uncertainties. Accordingly, actual and future events, conditions
and results may differ materially from the estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Ex cept as required under applicable securities legislation,
Goldhills undertakes no obligation to publicly update or revise forward-looking information.
Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and if applicable pursuant to Exchange Requirements. There can be no assurance that the
transaction will be completed as proposed or at all.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.
A halt in trading shall remain in place until after the Transaction is completed or such time that acceptable
documentation is filed with the TSX Venture Exchange.
The securities referred to in this news release have not been, 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 absent U.S. registration or an applicable exemption from the
U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for
offers to buy, any securities in the United States.