Gunpoint Announces $1.5 Million Non- Brokered Private Placement
Gunpoint Announces $1.5 Million Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2022) - Gunpoint Exploration Ltd. (TSXV:
GUN) ("Gunpoint" or the "Company") is pleased to announce that it intends to complete a non-brokered
private placement of up to 3,000,000 units (the "Units") at a price of $0.50 per Unit for aggregate
proceeds of up to $1.5 million (the "Offering"). Each Unit will consist of one common share of the
Company and one-half of one common share purchase warrant (each whole common share purchase
warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of
the Company at an exercise price of $0.75 for a period of 24 months from the closing date of the
Offering.
The Offering is subject to TSX Venture Exchange approval. The Offering is expected to close on or
about February 15, 2022, or such later date as may be determined by the Company. The securities
issued pursuant to the Offering will be subject to a four month plus one day hold period from the date of
issuance. Certain insiders will participate in the Offering.
The Company plans to use the proceeds of the Offering for exploration on its Talapoosa gold project in
Nevada and for general corporate purposes.
The securities to be issued under the Offering have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would
be unlawful.
About Gunpoint Exploration Ltd.
Gunpoint owns the Talapoosa project, an open pit heap leach gold deposit in Nevada. Gunpoint is listed
on the TSX Venture Exchange where it trades under the symbol "GUN".
For more information on Gunpoint, please visit our website at
www.gunpointexploration.com
or contact
Randy Reifel at (604) 617-1717.
GUNPOINT EXPLORATION LTD.
"P. Randy Reifel"
P. Randy Reifel
President
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.
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this news release constitute forward-looking information under
applicable Canadian securities laws, including, without limitation, statements with respect to the
expected closing date of the Offering and the use of proceeds from the Offering. These statements
relate to future events or future performance. The use of any of the words "could", "intend", "expect",
"believe", "will", "projected", "estimated" and similar expressions and statements relating to matters
that are not historical facts are intended to identify forward-looking information and are based on the
Company's current belief or assumptions as to the outcome and timing of such future events. There
can be no assurance that such statements will prove to be accurate, as the Company's actual results
and future events could differ materially from those anticipated in these forward-looking statements as
a result of the factors set forth in the section entitled "Risk and Uncertainties" in the Company's
management's discussion and analysis for the nine months ended September 30, 2021, available
under the Company's profile at
www.sedar.com
. Actual future results may differ materially. Various
assumptions or factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and factors are based on
information currently available to the Company. The forward-looking information contained in this
news release is made as of the date hereof and the Company undertakes no obligation to update or
revise any forward-looking information, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue reliance on forward-looking
information. The foregoing statements expressly qualify any forward-looking information contained
herein.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES
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