GSP Resource Corp. Announces Private Placement Financing
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GSP RESOURCE CORP. ANNOUNCES PRIVATE PLACEMENT FINANCING
Vancouver, British Columbia – September 11, 2024: GSP Resource Corp. (TSX-V: GSPR) (the
“Company” or “GSP”) announces that it intends to complete a non-brokered private placement (the
“Private Placement”) of up to 5,000,000 units (each a “Unit”) at a price of $0.10 per Unit for gross
proceeds of up to $500,000. Each Unit consists of one common share and one-half of one common
share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to purchase one
common share of the Company at a price of $0.15 pe r share for a period of two (2) years following
the date of issuance.
In connection with the Private Placement, the Comp any may pay finders’ fees in cash or securities,
or a combination of both, as permitted by th e policies of the TSX Venture Exchange (the
“Exchange”) and applicable securities laws. All securities issued pursuant to the Private Placement
will be subject to a four-month hold period. The Private Placement is s ubject to approval by the
Exchange.
The Company intends to use the net proceeds of the Private Placement towards exploration and
development work on the Alwin Mine Copper-Silve r-Gold Project and for general working capital
purposes.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company
focused on projects located in Southwestern British Columbia. The Company has an option to
acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops
Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain
Property in the Similkameen Mining Division, of which it has granted an option to earn a 60% interest
to a third party.
Contact Information - For more information, please contact:
Simon Dyakowski, Chief Executive Officer & Director
Tel: (604) 619-7469
Email: [email protected]
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any
of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within
the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements
is available.
Forward-Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws,
which may include, without limitation, closing of the Private Placement, estimated use of proceeds, carrying out future
exploration work on the Alwin project, other statements relating to the technical, financial and business prospects of the
Company, its projects, goals and other matt ers. All statements in this news releas e, other than statements of historical
facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although
the Company believes the expectations expressed in such forward-looking st atements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from those
in the forward-looking statements. Such statements and information are based on numerous assumptions regarding
present and future business strategies and the environment in which the Company will operate in the future, including
the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and when needed and on reas onable terms. Such forward-
looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and
assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the
inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those
filed under the Company’s profile on SEDAR+ at www.sedarp lus.ca. Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued availability of capital and
financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain
or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community
acceptance (including First Nations), decreas e in the price of copper, gold, silver and other metals, increase in costs,
litigation, and failure of counterparties to perform their c ontractual obligations. The Company does not undertake to
update forward‐looking statements or forward‐looking information, except as required by law.