GCR Gespeg Resources Ltd

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES


GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg")
Gespeg announces that it has completed the final tranche of its private
placement (the "Offering") and has raised further gross proceeds of $398,500.
The final tranche of the Offering consisted of 7,970,000 units (the "Units") at
a price of $0.05 per Unit. Each Unit consists of one common share in the capital
of the Company (a "Share") and one-half of one share purchase warrant (a
"Warrant"). Each full Warrant will entitle the holder to purchase one Share at a
price of $0.15 exercisable until May 26th, 2016. The Shares issued are subject
to a statutory hold period in accordance with applicable securities legislation
which expires on September 27, 2014. 


In total, the Offering (tranche one and tranche two) raised gross proceeds of
$606,000 for a total of 12,120,000 Units. The net proceeds from the Offering
will be used by the Company to fund exploration work on the Company's Vortex and
Port Daniel project and for general administrative purposes. 


Gespeg announces further to its news release of March 28, 2014, a gypsy swap for
4,500,000 shares only 500,000 shares were executed with a third party and the
proceeds have been reinvested in the Offering. 


Gespeg also announces that it is proceeding with a new private placement on the
same terms as the Offering to raise further gross proceeds of up to $250,000
(the "Follow-on Offering"). The Company may pay a finder's fee in connection
with the Follow-on Offering within the amount permitted by the policies of the
TSX Venture Exchange (the "TSX-V"). Closing of the Follow-on Offering is subject
to a number of conditions, including receipt of all necessary corporate and
regulatory approvals, including the TSX-V. All securities issued in connection
with the Follow-on Offering will be subject to a statutory hold period of four
months plus a day from the date of issuance in accordance with applicable
securities legislation. 


The net proceeds from the Follow-on Offering will be used by the Company to fund
the exploration work on the Company's Vortex and Port Daniel project, and for
general and administrative purposes. 


About Gespeg Copper Resources Inc.: Gespeg is an exploration company with a
focus on copper, especially in a grossly underexplored region "Gaspe, Quebec".
With a dedicated management team, the Company's goal is to create shareholder
wealth through the discovery of new deposits. 


GESPEG COPPER RESOURCES INC. 

Sylvain Laberge,  President and CEO 

FORWARD LOOKING INFORMATION 

Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond the
Company's control. Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the forward-looking
statements contained in this news release. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law. 


Neither TSX Venture Exchange nor its Regulations Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Laberge
President and CEO
514.380.5610
514.702.9841
Slaberge@gespegcopper.com

Gespeg Resources (TSXV:GCR)
Historical Stock Chart
From May 2024 to Jun 2024

Gespeg Resources (TSXV:GCR)
Historical Stock Chart
From Jun 2023 to Jun 2024