Geologica applies for partial revocation of CTO

Executive Summary

• Geologica Resource Corp. filed an application with the BC Securities Commission to partially revoke a cease‑trade order issued on May 6, 2025.
• The revocation is sought to enable completion of a private placement debt financing of $150,000 in unsecured promissory notes (8.5% interest).
• Proceeds will be used to settle outstanding fees, prepare audited and unaudited financial statements for 2024‑2025 periods, and fund costs associated with obtaining a full revocation of the cease‑trade order.

Key Details

• Regulatory filing: Application submitted to the British Columbia Securities Commission for partial revocation of a failure‑to‑file cease‑trade order (FFCTO).
• Financing amount: $150,000 total principal via on‑demand unsecured promissory notes.
• Interest rate: 8.5% per annum accruing on the notes.
• Investor exemption: Each distribution will rely on the accredited investor exemption under NI 45‑106, Section 2.3.
• Use of proceeds:
• Resolve outstanding regulatory and filing fees.
• Prepare audited financial statements for fiscal year ended Dec 31 2024.
• Prepare unaudited interim financial statements for quarters ending Mar 31 2025, Jun 30 2025, and Sep 30 2025.
• Cover all costs related to applying for a full revocation of the FFCTO.
• Share count: Current issued and outstanding common shares remain at 32,934,653; financing does not affect share count.

Notable Quotes

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