Gelum Closes Flow Through Private Placement and First Tranche of Non-Flow Through Private Placement
Suite 2710 – 200 Granville Street
Vancouver, BC, Canada, V6C 1S4
Ph. 604-484-1228
Fx. 604-408-7488
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
GELUM CLOSES FLOW THROUGH PRIVATE PLACEMENT AND
FIRST TRANCHE OF NON-FLOW THROUGH PRIVATE PLACEMENT
NR22-01 January 4, 2022
FOR IMMEDIATE RELEASE… Vancouver, BC – January 4, 2022 – Gelum Resources Ltd. (the
“Company” or “Gelum) (CSE: GMR), reports that pursuant to their news release of December 6, 2021,
they have closed the Private Placements for aggregate proceeds of $937,500.00.
On December 30, 2021, the Company issued 1,485,714 flow-through common shares (“FT Shares”) at a
price of $0.35 per share netting the Company $520,000. On January 4, 2022, the Company issued 1,670,000
non-flow through units (“NFT Units”) at a price of $0. 25 per NFT Unit (collectively, the “Private
Placement”), for additional proceeds of $417,500.
Each NFT U nit consist ed of one common share of the Company and one -half of one common share
purchase warrant, each whole warrant entitles the holder to purchase an additional common share of the
Company at a price of $0.45 per share (the "Warrants") for a period of 18 months from the closing of the
Offering. The expiry of the Warrants may be accelerated if the closing price of the Corporation’s common
shares on the Canadian Securities Exchange is equal to or greater than $0. 60 for a minimum of t wenty
consecutive trading days and a notice of acceleration is provided in accordance with the terms of the
Warrants. The common shares issued pursuant to the FT Shares, will be issued as “flow-through shares”.
All securities issued in connection with the Offering have a four-month and one day hold period in Canada
from closing.
Finder’s fees were paid to Glores Securities Inc. ($36,400.00) pursuant to the FT Shares and, to Haywood
Securities Inc. ($1,400.00 cash and 5,600 finder’s warrants) and to Canaccord Genuity Corp. ($27,825.00
cash and 111,300 finder’s warrants). Finder’s warrants are non-transferable and all remaining terms remain
the same as the subscribers
Net proceeds of the Offering will be used to for exploration and drilling on its Eldorado Project, British
Columbia and for general working capital.
None of the foregoing securities have been or will be registered under the United States Securities Act of
1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under
the 1933 Act) or persons in the United States absent registration or an applicable exe mption from such
registration requirements. This press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Gelum Resources Ltd.
Gelum Resources is a company led by seasoned management in the mining and financial sectors. The
Company’s objective is the discovery of a multi-million oz. economic gold deposit in the Bralorne-Bridge
River Gold District located some 190 km north of Vancouver and 74 km northwest of the town of Lillooet,
B.C. This objective is made possible through the Company’s acquisition of Eldorado, a series of 23 mineral
Gelum Capital Ltd. - 2 - January 4, 2022
NR22-01 Continued
claims with a total area of 7,359 hectares (18,000 acres) located in the Bralorne-Bridge River Gold District
which was host to one of the highest-grade, longest-producing mines in British Columbia. Management is
proud to have developed an excellent working relationship with the Bridge River Indian
Band (Xwísten) who, after thorough site investigation of our prime targets, confirm that they currently have
no heritage or cultural concerns with the current workplan to date.
For further information please refer to Gelum Resources Corporate Presentation:
https://gelumresources.com/pdf/Gelum-Resources-Deck-Fall-2021.pdf
On Behalf of the Board of Directors
David Smith, President
For further information about Gelum, please contact:
David Smith, President or Marla Ritchie, Corporate Secretary
([email protected]) ([email protected])
Phone: 604 484-1228
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This press release may include ‘forward-looking information’, within the meaning of Canadian securities legislation,
about the business of the Company. Forward- looking information is based on certain key expectations and
assumptions made by the Company’s m anagement, including future plans for the Company. Although the Company
believes that the expectations and assumptions on which such forward- looking information is based are reasonable,
investors should not unduly rely on the forward- looking information because the Company cannot assure that it will
prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The
Company disclaims any intent or obligation to update publicly any forward -looking information, whether as a result
of new information, future events or results or otherwise, other than as required by applicable securities laws.