Pursuing a $20M rights offering (non-equity) to fund exploration to potentially increase the resource-base of its 100% owned Gold Springs project to 3 Moz. Rights holders will receive 1.0%-1.5% of the net proceeds (for each $1M investment), if GRC is acquired after reaching 3 Moz in resources. The project currently has 610 Koz (0.53 gpt) in measured and indicated, and 90 Koz (0.49 gpt) in inferred resources.
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