Great Republic Mining Corp. Completes Initial Public Offering and Lists on the Canadian Securities Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Great Republic Mining Corp. Completes Initial Public Offering and Lists on the
Canadian Securities Exchange
Vancouver, British Columbia, June 8, 2022: Great Republic Mining Corp. (the "Company" or
"Great Republic") (CSE: GRM) is pleased to announce that on June 8, 2022, it completed its
initial public offering (the "IPO") of 7,860,000 common shares (each a “Share”), of which 360,000
Shares were sold pursuant to an over-allotment option, at a price of $0.10 per Share for gross
proceeds of $786,000.
The net proceeds from the IPO will be used to carry out exploration of the Company's project, the
Porcher Property, located in the northwest part of British Columbia on Porcher Island. The net
proceeds will also be used to make payments pursuant to the option agreement in respect of the
Porcher Property, for general and administrative purposes and for working capital.
Haywood Securities Inc. acted as agent (the " Agent") for the IPO. The Agent received a cash
commission equal to 10% of the gross proceeds raised pursuant to the IPO and a corporate
finance fee, in addition to the reimbursement of certain expenses. Additionally, the Company
granted the Agent and members of its selling group non-transferable agent’s compensation
options entitling the holder to purchase an aggregate of 550,200 Shares at a price of $0.10 per
Share, exercisable on or before June 8, 2024.
The Shares were listed on the Canadian Securities Exchange on June 7, 2022 and immediately
halted pending closing of the IPO. The Shares are expected to resume trading on June 9, 2022,
under the symbol “GRM”.
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.
About Great Republic Mining Corp.
Great Republic is engaged in the business of acquiring and exploring mineral resource properties.
Great Republic has an option to acquire a 100% interest in the Porcher Property, which is
composed of nine contiguous mineral titles covering an area of 3560.4 hectares in the northwest
part of British Columbia, Canada, approximately 40 kilometres southwest of the city of Prince
Rupert on Porcher Island.
For more information, please refer to the Company's final prospectus dated March 11, 2022,
available on SEDAR (www.sedar.com).
On Behalf of the Board of Directors
Jerry Huang
Chief Financial Officer and Director
For further information, please contact:
Jerry Huang
Chief Financial Officer and Director
Tel: 778-887-6489
Forward-Looking Statements
Certain disclosure in this release, including the expected use of proceeds of the IPO, constitutes
forward-looking statements that are subject to numerous risks, uncertainties and other factors
outside of the Company’s control that may cause future results to differ materially from those
expressed or implied in such forward-looking statements. In preparing the forward-looking
statements in this news release, the Company has applied several material assumptions,
including, but not limited to, the assumption that general economic and business conditions will
not change in a materially adverse manner; and that the Company will be able to raise additional
funds on reasonable terms. Although the management of the Company believes that the
assumptions made and the expectations represented by such statements are reasonable, there
can be no assurance that any forward-looking statement herein will prove to be accurate. Readers
are cautioned not to place undue reliance on forward-looking statements. 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 for any other reason except as required by law.