Gungnir Receives $1,000,000 Cash Payment
News Release GUG: TSX -V
ASWRF: OTCPK
Gungnir Receives $1,000,000 Cash Payment
Surrey, BC – November 1, 2019 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the
“Company”) is pleased to report that the Company ha s received the final $1,000,000 cash payment
related to the sale of the Company’s remaining interest in the Kenville Gold Mine property (“Kenville”) in
BC, Canada.
Gungnir will use the funds to continue exploration work in Sweden and for general corporate and
working capital purposes.
See news releases dated April 26 and May 29, 2019 for further details on the Kenville transaction.
About Gungnir Resources
Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V) with
gold and base metal permits in northern Sweden. The Company’s key project, Knaften, hosts high-grade
gold, VMS (zinc-copper) and copper-nickel targets, and all are open for expansion and further discovery.
Further information about the Company and its properties may be found at www.gungnirresources.com
or at www.sedar.com .
On behalf of the Board,
Jari Paakki, CEO and Director
For further information contact:
Head Office/Investor Relations
Phone: +1-604-683-0484
Jari Paakki, CEO
Email: [email protected]
Chris Robbins, CFO
Email: [email protected]
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 made herein may contain
forward-looking statements or information within th e meaning of Canadian securities laws. In certain
cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "i s
expected", "budget", "scheduled", "estimates", "for ecasts", "intends", "anticipates" or "believes", or
variations of such words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved", or the negative of these words or
comparable terminology. By their very nature forward-looking statements involve known and unknown
risks, uncertainties and other factors which may ca use the actual performance of the Company to be
News Release GUG: TSX -V
ASWRF: OTCPK
materially different from any anticipated performan ce expressed or implied by the forward-looking
statements. Such forward-looking statements or information include, but are not limited to, statements
or information with respect to Gungnir’s plan for f uture exploration and development of its properties,
Gungnir’s plan for future disclosure relating to exploration and development of its properties, receipt of
the remaining consideration and the completion of the transaction within the timelines set out above or
at all. Forward-looking statements or information are based on a number of estimates and assumptions
and are subject to a variety of risks and uncertain ties, which could cause actual events or results to
differ from those reflected in the forward-looking statements or information. Should one or more of
these risks and uncertainties materialize, or shoul d underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements or
information. For example, there is no certainty, th at any economically viable mineral deposit will be
located on the properties, that the Company will re ceive or be able to raise sufficient capital to
complete all of its exploration programs or that th e transaction will complete as anticipated.
Accordingly, undue reliance should not be placed on forward-looking statements or information.
Gungnir does not expect to update forward-looking statements or information continually as conditions
change, except as may be required by securities law.