Geologica Resource closes $150,000 note offering

• The most recent release (April 21, 2026) confirms the closing of a $150,000 private placement debt financing via unsecured promissory notes.
• This follows an application for partial revocation of a Failure-to-File Cease Trade Order (FFCTO) filed on March 17, 2026.
• The British Columbia Securities Commission granted the partial revocation order on March 26, 2026, allowing the financing to proceed.
• Proceeds are strictly earmarked for regulatory compliance: paying outstanding fees and preparing audited/unaudited financial statements for fiscal years ending Dec 31, 2024, and interim periods through Sep 30, 2025.
• The notes carry an interest rate of 8.5% per annum and are on-demand unsecured promissory notes.
• No finders' fees were paid in connection with this financing.
• Common shares remain subject to the FFCTO until a full revocation order is granted, limiting liquidity for existing shareholders.

• The $150,000 raise is immaterial relative to typical public company capital needs and does not fund exploration or operational growth.
• This financing is a "survival" measure designed solely to satisfy regulatory filing requirements rather than expand the business portfolio.
• The news confirms the execution of a previously announced plan (March 17 application), making it an expected event rather than a surprise catalyst.
• While closing the deal prevents immediate delisting, it highlights significant financial distress and lack of operational revenue streams.
• There is no indication of new strategic investors or asset monetization; the capital structure remains heavily reliant on debt to maintain listing status.
• The impact on stock price is likely neutral as the market has already priced in the regulatory risk (evidenced by the stagnant $0.02 price).

• Company Name: Geologica Resource Corp.
• Flagship Project: Not explicitly detailed in provided news; focus remains on corporate governance and compliance rather than asset development.
• Development Status: Stalled or dormant, as evidenced by the inability to file financial statements leading to a Cease Trade Order (CTO) issued May 6, 2025.
• Share Count: Current issued and outstanding common shares are 32,934,653; financing does not affect share count.
• Regulatory Status: Subject to Failure-to-File Cease Trade Order (FFCTO) until full revocation is granted; partial revocation allows limited compliance activities.