Getchell Gold Corp. Raises $646,730 through 98.8% Exercise of Warrant Series
CSE: GTCH
OTCQB: GGLDF
1
Getchell Gold Corp. Raises $646,730 through 98.8% Exercise of Warrant Series
Toronto, Ontario – May 19, 2021 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the
"Company") has received gross proceeds of approximately $646,730.25 pursu ant to the exercise of
2,586,921 share purchase warrants at an exercise price of $0.25 per share. This equates to a 98.8%
conversion rate from a total series of 2,618,032 warrants issued in connection with a non-brokered private
placement that closed on May 17, 2019.
In combination with the non-brokered private placement closed yesterday (Company news release dated
May 18, 2021), the Company has received aggregate gross proceeds of $3,356,855.25. The funds received
from the warrant conversion add to a healthy bank account and ensures the Company is well financed for
a very active 2021 exploration season.
The 2021 Phase One, 4,000 metre, drill program at the Fondaway Canyon Gold project, host to a sizable
historic resource, is expected to start shortly. In addition, the maiden drill program at the high-grade
Copper-Gold-Silver Star project, 60 kms to the north, will be s equenced in during the course of the
Fondaway Phase 1 drill program.
The Company will provide notification upon the commencement of drilling and intends to provide further
details of the Fondaway Phase 1 drill program at that time.
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.
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
CSE: GTCH
OTCQB: GGLDF
2
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.