GTA Announces Close of First Tranche of Financing and a Marketing Relationship to Support Crowdfunding
Burlington, September 7, 2017 - GTA Resources and Mining Inc. (TSXV: GTA) announces it has engaged Stockhouse.com to assist with GTA's previously announced exempt financing. On August 30, 2017 GTA announced an intended financing (the "Financing") of approximately $300,000, consisting of Common Units and Flowthrough Units, which included a lead order for $50,000 of Flowthrough Units from an accredited investor. GTA closed on such lead order yesterday after receiving regulatory approval.
In future tranches of the Financing, GTA will rely upon such prospectus exemptions as are available, including access to existing shareholders through the Existing Shareholder Exemption. This form of crowdfunding ensures all shareholders are treated equally and fairly.
"We had a tremendous experience with Stockhouse in our last crowdfunding effort, as was obvious from GTA's press release of May 27, 2016," said Peter M. Clausi, GTA's CEO. "We expect Stockhouse to again be able to effectively communicate our message to new and existing shareholders, resulting in another successful non-brokered financing."
Justin Meiklem, Stockhouse's Vice President of Sales and Marketing, described Stockhouse as, "Canada's #1 financial portal and one of North America's largest small-cap investor communities." He added, "Stockhouse has over 6 million annual unique visitors, allowing its programs to provide advanced tools that enable Issuers to communicate their investment message to a large, targeted and highly engaged community of small-cap investors. For over 19 years and 900 public companies, Stockhouse programs have been proven to generate results."
The use of proceeds on the Financing, as announced on August 29, 2017, is for working capital and to fund exploration at GTA's Big Duck Lake Gold Property in the Hemlo Gold Camp. Details of the highly prospective Big Duck Lake Gold Property are in the Aug 29/17 press release.
How to Invest
GTA has received conditional regulatory approval for the Financing. The Financing is open for subscription by GTA's existing shareholders under the "Existing Shareholder Exemption", an approved form of crowdfunding in Canada. To participate in this Financing, please visit this site http://gtaresources.com/shareholder-financing.aspx for the subscription agreements, term sheets, instructions and contact information.
Interested persons are encouraged to consult their own professional advisors for advice and assistance.
ABOUT GTA RESOURCES - GTA is a publicly traded mineral exploration company led by an experienced and successful management team. It is focused on exploring for gold and zinc in Canada. GTA currently has four project, with three in Ontario and one in Newfoundland. The three Ontario projects are the > 54%-owned Northshore Gold Project, near Schreiber in the Hemlo Gold Camp; the 100% owned Auden Project, near Hearst, Ontario; and the Big Duck Lake Gold Project also in Hemlo (option to own up to 100%). GTA also owns 100% of the Burnt Pond Zinc-Silver Project in central Newfoundland, along strike from Teck Resources Ltd.'s past-producing Duck Pond Mine. GTA has fewer than 43 million shares outstanding.
On behalf of the board of directors,
GTA Resources and Mining Inc.
"Peter M. Clausi"
President and CEO
+1 416-890-1232
pclausi@gtaresources.com
For more information, please visit the corporate website at www.gtaresources.com.
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 press release.
This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.