Getchell Gold Corp. Closes Oversubscribed Non-Brokered Private Placement and Prepares to Commence the 2021 Drill Campaign
CSE: GTCH
OTCQB: GGLDF
1
Getchell Gold Corp. Closes Oversubscribed Non-Brokered Private Placement
and Prepares to Commence the 2021 Drill Campaign
Toronto, Ontario – May 18, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the
"Company") is pleased to announce that due to the high demand, the Company has closed its previously
announced non-brokered private placement oversubscribed by $1.1 million. The Company issued
6,022,500 units (each a “ Unit”) at a price of $0.45 per Unit for aggregate gross proceeds of $2,710,125
(the “Private Placement”).
The proceeds from the Private Placement will be used for exploration and development of the Company’s
Nevada properties and general working capital. The proceeds wi ll primarily be directed towards the
forthcoming drill programs at the Fondaway Canyon Gold and the Star Copper-Gold-Silver projects. The
technical team is making final preparations and is planning to mobilize to site next week, the week of May
24th. The 2021 drill campaign will be initiated at Fondaway and after a series of holes are completed, will
mobilize for the maiden drill program at the Star Copper-Gold-S ilver project. The Company will provide
notification upon the commencement of drilling and intends to p rovide further details of the Fondaway
Phase 1 drill program at that time. The Company will also prov ide updates, especially in relation to the
sequence of drilling, as the program progresses.
Each Unit consists of one common share and one-half of one warrant (each whole warrant, a “Warrant”)
of the Company. Each Warrant entitles the holder to acquire one additional common share at a price of
$0.65 per share for a period of two years from the date of closing.
In connection with the Private Placement, the Company has agree d to pay finder’s fees consisting of an
aggregate of $86,875 in cash, 100,000 common shares and 293,055 non-transferable finder’s warrants
(the “Finder’s Warrants”). Each Finder’s Warrant entitles the holder to acquire one co mmon share at a
price of $0.65 per share for a period of two years from the date of closing.
The securities issued in connection with the Private Placement are subject to a statutory four month hold
period expiring on September 15, 2021, in accordance with applicable securities laws.
The securities offered have not been and will not be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or applicable
exemption from the registration requirements.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration com pany trading on the CSE: GTCH and
OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway
Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing
Getchell’s asset portfolio is Dixie Comstock, a past gold producer with a historic resource, and two earlier
s t a g e e xp l or a t i on p r oj e c t s , S t a r a n d H ot S p r i n g s Pe a k . G e t c h e l l h a s t h e op t i on t o a c q u i r e 1 00 % of t h e
Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.
CSE: GTCH
OTCQB: GGLDF
2
The Company reiterates that its near-term strategy to advance its assets is not impacted by the COVID-19
Corona virus. The Company continues to monitor the situation and is in compliance with all government
guidelines.
For further information please visit the Company’s website at www.getchellgold.com or contact the
Company at [email protected].
Mr. William Wagener, Chairman & CEO
Getchell Gold Corp.
+1 303 517 8764
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the
adequacy or accuracy of this new s release. Not for distribution to U.S. news wire services or dissemination in
the United States.
Certain information contained herein constitutes “forward-looki ng information” under Canadian securities
legislation. Forward-looking information includes, but is not l imited to, statements with respect to the use of
proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as “will” or variations of such words and phrases or statements that certain actions, events or results “will”
occur. Forward-looking statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown r isks, uncertainties and other factors that
may cause the actual results to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information, including: the receipt of all necessary regulatory approvals, use of
proceeds from the financing, capital expenditures and other cos ts, and financing and additional capital
requirements. Although management of Getchell have attempted to identify important factors that could cause
actual results to differ materially from those contained in for ward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward-looking info rmation. The Company will not update any
forward-looking statements or forward-looking information that are incorporated by reference herein, except
as required by applicable securities laws.