Forge Resources Announces Completion of Phase 1 Drill Program and Completion of Private Placement
Forge Resources Announces Completion of Phase 1 Drill Program and Completion of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce that Forge Resource Corp's Phase 1 diamond drilling program that started in November 2023 is now complete with the successful completion of 6 holes, each ranging between 420-502 metres in length. Additionally, further to its news release dated June 14, 2024, the Company has completed its non-brokered flow-through private placement.
不列颠哥伦比亚省温哥华——(Newsfile Corp. - 2024年7月2日) - Forge Resources corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ)公司非常高兴地宣布,由于令人鼓舞的视觉观察结果表明存在矿化斑岩体系,我们已开始计划通过定向增发(flow-through)的方式扩展第一阶段钻探计划,以发行流通单位("")。FRG"或"公司Forge Resource corp宣布,其于2023年11月开始的第一阶段金刚石钻探项目已经完成,共钻探了6个孔,每个孔的长度在420-502米之间。此外,根据公司2024年6月14日公布的新闻,公司已完成了其非经纪人的流通股权定向增发。
All geotechnical and geological data has now been collected. All holes are sampled top to bottom with the majority of sample batches have already been submitted to the ALS prep-lab in Whitehorse. Significantly, higher molybdenum and +/- chalcopyrite concentrations and more quartz veining, micro-veining and stockworks were encountered in this year's drilling than in November 2023.
现在已收集了所有岩土工程和地质数据。所有孔洞从顶部到底部都进行了取样,其中大多数样本批次已经提交到怀特霍斯的ALS制备实验室。值得注意的是,本年度钻探相比2023年11月钻探,发现了更高的钼和±黄铜矿浓度以及更多的石英脉、微脉和脉状矿化。
- Significant porphyry style rock types, alteration and mineralization were encountered in all holes.
- Majority of the rock types are sparse to semi-crowded to crowded porphyry intrusives related to the Dawson Range.
- Pervasive brown biotite alteration with extensive silicification overprinting is occurring in all holes.
- 全部孔洞遇到了大量斑岩类型、变质和矿化。
- 大部分岩石类型为稀疏到半拥挤的富斑岩侵入岩,与道森区间有关。
- 所有孔洞都发生了普遍的棕色黑云母蚀变和广泛的硅化作用。
Assay results are pending.
化验结果正在等待中。
Phase 2 diamond drilling program is being proposed for this summer when all assays have been received and analysed from the Phase 1 program. It is anticipated that further drilling will be required in areas previously tested. Additional high-quality target areas not yet drill tested will be included in the next drilling program.
第2阶段金刚石钻探计划将在本夏季进行,当第1阶段计划的所有化验分析完毕时。预计需要在以前测试过的区域进行进一步的钻探。下一次钻探计划将包括尚未钻探测试的高质量目标区域。
Private Placement
私募交易
The Company is issuing 687,500 units at a price of $0.80 per unit (each a "Unit") for an aggregate gross proceeds of $550,000, with each Unit consisting of one flow-through common share (each a "Share") and one transferable non-flow-through share purchase warrant (each a "Warrant"). Each Warrant will be exercisable for one non-flow-through common share of the Company ("Warrant Share") at a price of $1.10 per Warrant Share for a period of one year from the date of issuance.
该公司将以每单位0.80美元的价格(每个单位为"coop flow-through common share")发行687,500股,募得总收入为550,000美元。每个单位由一个流通股份("coop flow-through common share")组成。单位每个认股权证将可行使公司的一个非流通流通股份("单元认股证明")和符合《税务法》第127(9)条规定的"流通过程开支"。分享每个认股权证将使持有人有权在其发行后的一年内以每股1.10美元的价格购买公司另一股非流通股票(“”)。权证各认股权证将可行使一张公司的一个非流通流通过程可赎换的普通股份("warrants")。有机和可持续农业实践的不断增加促进了对有机肥料的需求,包括派生自磷酸盐岩的肥料。有机磷酸盐岩经常被营销为不仅可提供磷还有助于整体土壤健康的肥料。每股认股权证将使持有人有权在其发行后的一年内以1.10美元的价格购买公司的另一股非流动性普通股(“”).
The Shares will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and the expenditures will qualify as "flow-through mining expenditures" (as defined in subsection 127(9) of the Tax Act).
这些股份将符合《加拿大所得税法》第66(15)款中“流经股票”的定义,并且支出将符合“税法”第127(9)款中“流通过程矿业支出”的定义。筹集的总收益将用于发生“加拿大勘探费用”和“流通过程矿业支出”(如税法所定义)。税法warrants支出将符合《税务法》第127(9)条规定的"流通过程开支"。
Upon the closing of the Private Placement, the Company will pay a finders fee split evenly amongst two finders (the "Finders") as follows: (i) a cash commission in the amount of $15,000 each, equal to 3% of the gross proceeds of the Private Placement attributable to the Finders; and (ii) 18,750 each in non-transferrable warrants of the Company ("Finders Warrants"), equal to 3% of the Units issued in the Private Placement attributable to the Finders. Each Finder Warrant will be exercisable for one Warrant Share at a price of $1.10 per Warrant Share for a period of one year from the date of issuance.
完成定向增发后,公司将向两个发现者("finders")平分一笔现金佣金,每人15,000美元,相当于发现者在定向增发中募得的总收入的3%;每人还可以获得公司18,750股不可转让的认股证明("finders' warrants"),相当于发行的定向增发证券中发现者应得的总量的3%。每个发现者的认股权证可行使一张定向增发证券的认股权("warrants"),并按每股1.10美元的价格行使,行使期为自发行之日起一年。找到人finders' warrants支出将符合《税务法》第127(9)条规定的"流通过程开支"。发现者认购权证从发行单位所得的净收入将用于在Alotta Project上进行常规勘探支出。
The gross proceeds from the Units will be utilized for incurring "Canadian exploration expenses" and "flow-through mining expenditures" (as defined in the Tax Act). The gross proceeds from the sale of Units will be used for general exploration expenditures on the Alotta Project.
收到的发行单位所得的总收入将用于发生"加拿大勘探开支"和符合《税务法》的"流通过程开支"。
Qualified Person
Lorne Warner, P.Geo, and President of Forge Resources Corp. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.
合格人士
Forge Resources Corp.的总裁、注册地质师Lorne Warner审查并批准了本新闻稿中的科学技术披露,他是按照43-101国家规定定义的合格人员。
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
关于Forge Resources Corp。
Forge Resources Corp.是一家加拿大挂牌的初创勘探公司,专注于探索和推进Alotta项目,该项目位于加拿大育空地区Dawson Range斑岩/低温热液脉系的未被冰川覆盖部分,是一个有前途的斑岩铜黄金钼项目,距离赌场斑岩矿床50公里。
In addition, the Company holds a 40% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.
此外,该公司持有Aion Mining Corp.40%的股权,该公司正在开发具有完全许可的哥伦比亚圣安唐德拉的La Estrella煤炭项目。该项目包含8个已知的冶金和热能煤炭层。
On behalf of the Board of Directors
"Cole McClay", CEO Forge Resources Corp.
info@forgeresources.com
谨代表董事会
"Cole McClay",Forge Resources公司的CEO。
info@forgeresources.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
前瞻性声明
本文中涉及的某些声明和信息可能包含适用于加拿大证券法的前瞻性信息。前瞻性信息包括但不限于有关公司对其矿产业务开发意图的信息。前瞻性信息是基于管理层在信息发布之日的观点、意图和估计,并基于多个假设,并受各种风险和不确定性以及其他可能导致前瞻性信息的实际事件或结果与预期不符的因素的影响(包括同意采取某些行动的其他方的行动和某些监管机构的批准)。这些假设中的许多是基于公司无法控制的因素和事件,因此不能保证它们将被证明是正确的。无法保证前瞻性信息将被证明准确,因为实际结果和未来事件可能与此类信息所预期的结果和事件有所不同。除非适用证券法要求或第三方有责任向公司就意见、期望或声明发表评论,否则公司无义务更新前瞻性信息或对其进行评论。读者应当谨慎地使用前瞻性信息。