In This Article:
VANCOUVER, BC, Feb. 13, 2025 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that Mr. Bob Bass, Chairman of the Company has exercised 1 million warrants.
Mr. Bass stated, "I am fully committed and motivated by the immense potential of the Fondaway Canyon gold project. To demonstrate my staunch belief and the degree of confidence I have in this venture, I have exercised one million warrants and contributed personal funds to strengthen and support the Company towards achieving its goals."
Mr. Bob Bass of Ontario, Canada, through Bass Research Services Ltd., exercised 1 million warrants for proceeds of $100,000 to the Company. Further to the receipt of 1 million shares from the exercise of the warrants, Mr. Bass increased his holdings by an additional 185,000 shares through the recent acquisition of securities in the open market, subsequent to the announcement of the Preliminary Economic Assessment Technical Report on the Fondaway Canyon gold project, on January 23, 2025.
Considering the foregoing acquisitions, Mr. Bass currently owns and/or has control over an aggregate of 11,786,589 common shares, representing approximately 8.71% of the issued and outstanding shares of the Company on an undiluted basis. Accounting for the remaining convertible securities held or controlled by Mr. Bass, his aggregate ownership increases to 15.98% of the Company on a partially diluted basis.
Bob Bass, the Chairman of the Company, and Mike Sieb, President, will be attending the Prospectors and Developers Association of Canada's annual convention in Toronto convening March 2-5, 2025. Kindly reach out to Karen Mate, Corporate Communications, if you would like to arrange a meeting to discuss the Company's plans for 2025 and the opportunity that Getchell Gold Corp. and the Fondaway Canyon gold project represents.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate and a recently published robust Preliminary Economic Assessment. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource, and the high-grade Star (Cu-Au-Ag) projects.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.