VANCOUVER, BC – June 4, 2020 – Gambier Gold Corp. (TSX-V: GGAU) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to $180,000 (the “Financing”) by way of the issuance of up to 3,000,000 common shares at a price of $0.06 (the “Financing”).
The Corporation will use the net proceeds of the Financing for exploration at its Hemlo (Ontario) and Urban Barry (Quebec) gold projects, as well as for working capital purposes.
Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.
Finders’ fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Michael E. Schuss
President & CEO
For further information, please contact:
Gambier Gold Corp.
Phone: (604) 241-2254
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.