VANCOUVER, BC, April 15, 2025 /CNW/ - Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that Mr. Bob Bass, Chairman of the Company has exercised 500,000 warrants and continues to increase his holdings in the Company.
Mr. Bass stated, "Through exercising an additional 500,000 warrants and a series of share purchases in the open market, I continue to demonstrate my support for the Company and confidence in the value and growth potential of the Fondaway Canyon gold project. We are working towards a strong year and look forward to the resumption of drilling designed to expand the already sizable mineral resource."
Mr. Bob Bass of Ontario, Canada, through Bass Research Services Ltd., exercised 500,000 warrants for proceeds of $50,000 to the Company. This year to date, Mr. Bass has increased his holdings by 2.2 million shares from the exercise of warrants and the acquisition of securities in the open market.
Considering the foregoing acquisitions, Mr. Bass currently owns and/or has control over an aggregate of 12,882,669 common shares, representing approximately 9.15% of the issued and outstanding shares of the Company on an undiluted basis. Accounting for the remaining convertible securities held or controlled by Mr. Bass, his aggregate ownership increases to 16.38% of the Company on a partially diluted basis.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate and a recently published robust Preliminary Economic Assessment. Complementing Getchell's asset portfolio is Dixie Comstock, a past gold producer with a historic resource.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE Getchell Gold Corp.
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