Granada Receives Regulatory Approval to List Preferred Stock June 6, 2023 / IRW-Press / Granada Gold Mine Inc. (TSXV: GGM) (?Company? or ?Granada?) is pleased to announce that the Company has received the terms of the terms. approval from the TSX Venture Exchange (?TSXV?) for an additional listing of
It accomplishes, among other things, the issuance of Class A Preferred Stock to at least 75 persons, each of whom must own at least one block (100 shares) of Class A Preferred Stock. The Active Class Preferred Stock will not be listed on the TSXV.
The Company’s Board of Directors unanimously recommends that shareholders vote in favor of both special resolutions to change the Company’s share capital. The company believes that this project will allow it to proceed at a faster pace.
Shareholders are requested to copy the Company’s management information document dated June 5, 2023, available under the Company’s profile on SEDAR at www.sedar.com and on the company’s website for www.granadagoldmine.com available with careful consideration.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada gold property near Rouyn-Noranda (Quebec), which borders many Cadillac Resorts. The company owns 14.73 square kilometers of land including mineral leases and claims. The company is currently running a major drilling program. So far 30,000 meters (2020/2021) of 120,000 meters have been completed. Mining is currently on hold to allow the technical team sufficient time to evaluate and process the available data.
The The Granada Shear Zone and South Shear Zone contain up to 22 mineralized formations, based on detailed historical mapping and current and historical drilling, which strike east-west for five and a half kilometers. Three of these structures were historically excavated from four pits and three open pits. Historical underground grades ranged from 8 to 10 grams per tonne (g/t) of gold in two shafts to depths of 236 meters and 498 meters respectively, while open pit grades ranged from 3.5 to 5 grams per tonne of gold. .
Caution Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding the proposed private placement of Class A Active Stock, the Company’s creation of Granada Gold nearby. Rouyn-Noranda, Quebec and gold production at the Granada Gold Property. In preparing the forward-looking statements in this press release, the Company has used certain factors and assumptions based on the Company’s current beliefs and assumptions and information currently available to the Company. Although the Company believes that these assumptions are reasonable based on information currently available, they may prove to be incorrect and the forward-looking statements contained in this press release are subject to numerous risks, uncertainties and other factors that could cause the results of later to vary. material from that expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
?Frank J Basa?
Frank J. Basa, P.Eng.
For more information, contact:
Frank J. Basa, P.Eng.
2875 Ave Granada
Rouyn Noranda, Qu?bec J9Y 1Y1
Phone: 819-797-4144 / Fax: 819-792-2306
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