GFK Resources Inc.: Update on Private Placement
GFK Resources Inc.: Update on Private Placement
MONTREAL, QUEBEC, July 7, 2017, GFK Resources Inc. (TSX VENTURE:GFK) (the "Company") is
pleased to provide an update following the first closing for gross proceeds of $1,167,200 of its
current unit and flow -through share offering (the “Offering”) (see the Company’s press release
dated June 22, 2017 for more details). The Company expects to proceed with the closing of the
second tranche shortly. The Offering consists of a maximum of 10,000,000 units (the “Units”) at
a price of $0.10 per Unit ($1,000,000) and a maximum of 10,000,000 flow -through common
shares (the “Flow -Through Shares”) at a price of $0.13 per Flow -Through Share ($1,300,000),
for total gross proceeds of $2,300,000. Each Unit is comprised of one (1) common sha re and
one common share purchase warrant (a “Warrant”). Each Warrant entitles its holder to
purchase one (1) common share at a price of $0.15 per common share for a period of 18
months following the closing.
About GFK: GFK Resources Inc. is a mining explor ation company focused on discovering high
quality gold and base metals deposits within strategically located properties within proven
mining camps, sometimes close to existing mines in the Abitibi Greenstone Belt located in
north-west Quebec and north -east Ontario - one of the most prolific gold deposits areas in the
world. GFK holds assets in Val -d'Or, Matagami and Chibougamau areas. Bachelor Extension
property is adjacent to Metanor Resources Inc.- Bachelor Gold Mine, Vezza Extension and Vezza
North are l ocated few kilometers West and North of Nottaway Resources Vezza Mine. More
recently, GFK acquired new properties, all easily accessible by a good road network: Fecteau
property, located in the active Urban -Barry township, Winwin property, located in the
neighbourhood of Iamgold’s Monster Lake property, and Grizzly property, located in
Chibougamau mining camp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts resp onsibility for the adequacy or accuracy
of this release.
For more information, please contact:
Louis Morin, CEO
T (514) 591-3988
Michael W. Kinley, CPA, CA
President & CFO, Director
T (902) 826-1579
F (902) 826-2550