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Toronto, Ontario--(Newsfile Corp. - April 28, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce today its intention to effect a normal course issuer bid through the facilities of the TSX Venture Exchange, subject to receipt of regulatory approval.
Upon receiving regulatory approval, GoldSpot may, during the 12 month period commencing May 4, 2021 and ending May 3, 2022, purchase on the TSX Venture Exchange up to 4,736,243 common shares in total, representing approximately 5% of the common shares of GoldSpot currently issued and outstanding. The price which GoldSpot will pay for any such common shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by GoldSpot. GoldSpot has retained Haywood Securities Inc. to effect purchases on its behalf pursuant to the bid. GoldSpot is effecting the bid at this time as it believes that its common shares are undervalued at their current market prices and that the purchase of common shares would be a prudent use of funds.
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT) is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver custom solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves times, reduces costs, and provides accurate results.
For further information please contact:
Executive Chairman and President
GoldSpot Discoveries Corp.
Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward‐looking information which involve risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward‐looking information. Forward‐looking information in this news release includes, but is not limited to, any purchases that may be effected under the proposed normal course issuer bid and the terms of such purchases, if any, and the receipt of applicable regulatory approvals. Factors that could cause actual results to differ materially from such forward‐looking information include, but are not limited to, failure to obtain regulatory approvals, unavailability of financing, prevailing market conditions, as well as those risks set out in GoldSpot's public documents filed on SEDAR. Although GoldSpot believes that the assumptions and factors used in preparing the forward‐looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. GoldSpot disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, other than as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81970