GSP Resource Corp. Closes Second Tranche of Private Placement
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GSP RESOURCE CORP. CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
News Release - Vancouver, British Columbia – August 24, 2021: GSP Resource Corp. (TSX-V:
GSPR) (the “Company” or “GSP”) announces that further to its news release dated July 14, 2021,
it has closed the second tranche (the "Second Tranche") of its non-brokered private placement (the
"Private Placement"). Under the Second Tranche, the Company has issued 300,000 units (each, a
“Unit”) at a price of $0.35 per Unit for gross proceeds of $105,000. Each Unit consists of one ‘flow-
through’ common share and one -half of one transferable common share purchase warrant
(“Warrants”). Each whole Warrant entitles the holder to purchase one common share of the
Company at a price of $0.50 per share for a period of three (3) years following the date of issuance.
All securities issued pursuant to the Private Placement are subject to a four-month hold period from
the closing date in accordance with applicable securities laws.
Proceeds from the Private Placement are expected to be used for exploration and development work
on the Company’s Alwin Mine Copper-Silver-Gold Project.
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. GSP also owns 100% of 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, use of funds from the Private Placement , future
exploration work on the Company’s Alwin Project, other statements relating to the technical, financial and
business prospects of the Company and other matters. All statements in this news release, 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 statements
are based on reasonable assum ptions, 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 reasonable terms. Such forward-looking information reflects the
Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including
those filed under the Company’s profile on SEDAR at www.sedar.com. 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 condi tions, adverse weather
conditions, decrease in the price of copper and gold, failure to maintain all necessary government permits,
equipment failures, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate,
approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in
costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not
undertake to update forward‐looking statements or forward‐looking information, except as required by law.