Gladiator Announces C$10M Private Placement
Gladiator Announces C$10M Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2024) -
Gladiator Metals Corp.
(TSXV: GLAD)
(OTCQB: GDTRF) (FSE: ZX7)
("
Gladiator
" or the "
Company
") announces a non-brokered private
placement to raise gross proceeds of C$10,000,000 consisting of flow-through common shares (the "FT
Shares") offered at a price of $0.61 per FT Share (the "Offering").
Gladiator intends to use the gross proceeds of the Offering to fund its continued exploration program at
its Whitehorse Copper Project in the Yukon including diamond drilling and prospecting work.
The Offering is expected to close on or about June 19, 2024, and is subject to certain closing conditions
including, but not limited to, the receipt of all necessary approvals including the conditional approval of
the TSX Venture Exchange.
The Company may pay finders' fees under the offering in accordance with applicable securities laws and
the policies of the TSX Venture Exchange.
The securities issued under the Offering will be subject to a
hold period under applicable securities laws in Canada expiring four months and one day from the
closing date of the Offering.
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the
Income Tax Act (Canada) (the "Tax Act")). An amount equal to the gross proceeds from the issuance of
the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i)
"Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mineral
mining expenditures" (as defined in subsection 127(9) of the Tax Act) (collectively, the "Qualifying
Expenditures"). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised
from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before
December 31, 2025 and will be renounced by the Company to the initial purchasers of the FT Shares
with an effective date no later than December 31, 2024.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf of the Board of Directors,
Gladiator Metals Corp
.
Jason Bontempo,
CEO
For further information contact:
Dustin Zinger, Investor Relations
+1-604-653-9464
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian
securities legislation, including, but not limited to, statements regarding the Company's plans with
respect to the Company's projects and the timing related thereto, the merits of the Company's projects,
the Company's objectives, plans and strategies, the Offering and other project opportunities. Although
the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are statements that are not historical
facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy",
"prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could"
or "should" occur, or are those statements, which, by their nature, refer to future events. The Company
cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements.
Except to the extent required by applicable securities laws and the policies of the TSX Venture
Exchange, the Company undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause
future results to differ materially from those anticipated in these forward-looking statements include the
risk of accidents and other risks associated with mineral exploration operations, the risk that the
Company will encounter unanticipated geological factors, or the possibility that the Company may not be
able to secure permitting and other agency or governmental clearances, necessary to carry out the
Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the
jurisdictions where the Company carries on its business that might interfere with the Company's
business and prospects. The reader is urged to refer to the Company's reports, publicly available
through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval
(SEDAR+) at
www.sedarplus.ca
for a more complete discussion of such risk factors and their potential
effects.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE
UNITED STATES
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