Gainey Capital Closes Non-Brokered Private Placement
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#312 – 125 West 18th Street
North Vancouver, BC, CANADA V7M 1W5
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February 5, 2021 TSXV Trading Symbol: GNC
GAINEY CAPITAL CLOSES NON-BROKERED PRIVATE PLACEMENT
Gainey Capital Corp. (TSXV: GNC) (“Gainey” or the “Company” ) reports that further to its news release dated January 22,
2021, it has completed its non-brokered private placement. The Company issued an aggregate of 11,000,000 units at a price
of $0.05 per unit for gross proceeds of $550,000. Each unit consists of one common share and one common share purchase
warrant which entitles the holder to purchase an additional common share of the Company at a price of $0.075 for a period
of two years, expiring on February 8, 2023. The shares and underlying shares are subject to a four -month hold period. No
finder’s fees were paid in connection with the private placement.
The net proceeds of the Offering will be used for due diligence on potential mineral concessions the Company is
currently looking at, as well as for general working capital.
About Gainey Capital Corp.
Gainey is a gold and silver exploration, development , and ore processing company exploring an aggregate of 16,000
hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company’s
mill, located on its El Colomo property, is capable of processing up to 300 t ons of ore per day. Additional information
on Gainey, its current operations and its vision, is available on the Company’s website at www.gaineycapital.com or
from [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: [email protected]
Website: www.gaineycapital.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from
those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s
management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.