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Gungnir Resources Announces $1-Million Strategic Investment From Altius Minerals, Including Equity Financing And Royalty Option On Nickel Assets

Mar 18, 2022•over 3 years ago
Surrey

Description

SURREY, BC / March 18, 2022 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF) ("Gungnir" or the "Company") is pleased to announce that it has entered into an agreement with Altius Minerals Corporation (ALS: TSX; ATUSF: OTCQX) ("Altius") pursuant to which Altius has agreed to purchase 6,250,000 units of the Company (the "Units") at a price of $0.12 per Unit (the "Unit Price"), for total gross proceeds of $750,000. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share (each, a "Warrant Share") at a price per Warrant Share of $0.18 per share for a period of 24 months from the closing

Company Information

Company

Gungnir Resources

Location

Surrey, British Columbia, Canada

About

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V, ASWRF: OTCPK) with gold and base metal projects in northern Sweden. Gungnir's assets include two nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, with inferred resources totalling 177 million of nickel, and the Knaften project which hosts a developing intrusion-hosted gold system, and VMS (zinc-copper) and copper-nickel targets, all of which are open for expansion and further discovery. Further information about the Company and its properties may be found at www.gungnirresources.com or at www.sedar.com.