Showcase Minerals Completes Grassy and Premier East Gold Project Acquisition and $210,000 Financing

Executive Summary

• Showcase Minerals acquired a 100% interest in seven mineral claims (1,535.10 ha) in the Golden Triangle, BC, issuing 5 M common shares to the vendor.
• Completed a private placement of 3 M units at $0.07 per unit, raising $210,000 gross proceeds.
• Proceeds will be used for debt repayment and general working capital; securities are subject to a four‑month‑plus hold period.

Key Details

• Acquisition: 100% of seven mineral claims (Grassy and Premier East Gold Projects) totaling 1,535.10 ha, located north of Stewart, BC, adjacent to the historic Premier Gold Mine.
• Consideration for Acquisition: Issuance of 5,000,000 common shares to the vendor; shares subject to a hold period of 4 months + 1 day.
• Private Placement Financing:
• Units sold: 3,000,000 units at $0.07 per unit.
• Gross proceeds: $210,000.
• Each unit = 1 common share + 1 three‑year transferable warrant (exercise price $0.10).
• Finder’s Fee: Paid to Research Capital Corp.: $10,080 cash plus 144,000 additional warrants (same terms as above).
• Use of Proceeds: Debt repayment and general working capital.
• Hold Periods: All securities issued in the private placement subject to a hold period expiring 4 months + 1 day from closing.

Notable Quotes

(No direct quotes were provided in the release.)