Gold'n Futures
ANNOUNCEs A BROKERED c$2.5 MILLION PRIVATE PLACEMENT OF UNITS AND
FLOW-THROUGH
UNITS
VANCOUVER, BC -- (Newsfile -
July
22, 2021) GOLD'N FUTURES MINERAL CORP.
(CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the "Company"
or
"Gold'n
Futures") is pleased to
announce that it
has entered into an agreement with Canaccord Genuity Corp., as
agent and sole book-runner (the "Agent"),
in connection with a best efforts, private placement of units
("Units")
and flow-through units
("FT
Units") of
the Company at a price of C$0.085 per Unit and of
C$0.095 per FT Unit
for
aggregate
gross proceeds of
up to C$2,500,000 (the "Offering").
Each Unit is comprised of one common share of
the Company (a
"Common
Share")
and one Common Share purchase warrant ("Warrant").
Each FT Unit is comprised of one common share of the
Company (a "FT Common
Share")
and one Warrant each of which will
qualify as a
"flow-through share" (within the meaning of subsection 66(15) of
the Income Tax Act (Canada)(the "Tax
Act"). Each Warrant may be
exercisable to acquire one Common Share (a "Warrant
Share") at
a price of C$0.12 per Warrant Share for a period
of
24 months from the closing of the Offering.
The Agent will have an option
(the "Agent's
Option")
to increase the size of the
Offering by up to 15% through the sale of additional
Units and
FT Unit at
the respective
offering
Prices, which
Agent's Option is exercisable, in whole or in
part, at any time up to 48 hours prior to the closing of
the Offering.
The Company intends to use
the net proceeds from the sale of FT Units to incur
"Canadian exploration expenses" that are "flow-through mining
expenditures" (as such terms are defined in
the Tax Act) on the Company's Hercules gold property in
Ontario and the Brady gold property in
Newfoundland. The net proceeds from the
sale of the Units will be used for
general corporate
purposes.
The securities to be issued
under the
Offering will be offered by way of private placement
in each of the
provinces of Canada and such other jurisdictions as may be
determined by the Company, in each case, pursuant to applicable
exemptions from the prospectus requirements under
applicable
securities laws.
The Offering is scheduled to
close on or about the week of August 12, 2021, or such date as agreed upon
between the Company and the Agent (the "Closing")
and is subject to certain conditions including, but not limited to,
the receipt of all necessary approvals
including the approval of the Canadian Securities
Exchange
(the
"CSE").
The Units
and the FT
Units to
be issued under the Offering will have a hold period of four months
and one day from Closing. The Company may pay finder's
fees or
commissions on a portion of the Offering, subject to compliance
with the policies of the CSE and applicable securities
legislation.
The securities described
herein 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 accordingly,
may not be offered or sold within the United States except in
compliance with the registration requirements of the U.S.
Securities Act and applicable state securities requirements or pursuant to
exemptions therefrom. This press release does not constitute an
offer to sell or a solicitation to buy any securities in any
jurisdiction.
With the announcement of the
Offering, the private placement announced by the Company
on April
15, 2021 will be cancelled.
About
Gold'n Futures Mineral Corp.
Gold'n Futures Mineral Corp.
(CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a Canadian based exploration company
focused on advancing its Hercules gold project. The Hercules
project
is
located 200 kilometres northeast of
Thunder Bay, Ont., in the townships of Elmhirst and Rickaby, within the
Thunder Bay North Mining District. The
project is in the heart of the Beardmore
- Geraldton gold mining camp, the 4th
largest gold camp
in Canada and is 40 km west of the
Hardrock-Greenstone gold mine development. The property lies
within an Archean greenstone belt that extends from the Longlac
area in the east to Lake Nipigon in the west, a
distance
of about 130 kilometres and consists of
475
contiguous
claim cells
(10,052
ha). From the historical
work completed on
the property, the Company has
built an
extensive database including reconnaissance grab samples; channel
samples; a variety of geophysical surveys; and, a drill hole
database that includes historical drilling
totalling in the order of 537
holes. With surface grab
samples grading up to 10,374 g/t
gold
and
channel
samples up to 32.96 g/t gold across 11.6
metres, the Hercules gold zones
offer top tier targets for the expansion of its historical
resources.
Qualified
Person
The scientific and technical
content of this press release has been prepared, reviewed and
approved by Mr. Walter Hanych, P. Geo., who is a Qualified Person
under NI 43-101 regulations and is a director of the
Company.
For more information, please visit
our website at:
www.goldnfuturesmineralcorp.com
On behalf
of the Board of Directors
For further
information
Stephen
Wilkinson,
President and
CEO,
The Canadian
Securities Exchange
accepts no responsibility for the adequacy or accuracy of this
release.
This news
release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or
results and
includes references to closing of the
Offering, CSE approval, use of proceeds and tax treatment of the FT
Units. Such
statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially
from those reflected in the forward-looking
statements. There is no assurance the forward
looking statements will occur or occur on the terms stated
above. l.
The Company disclaims any intention or obligation to revise or
update such statements.