VANCOUVER, British Columbia, July 04, 2022 (GLOBE NEWSWIRE) -- C2C Gold Corp. (CSE: CTOC; OTCQB: CTCGF) (the "Company" or "C2C") today announced the share issuances on the five property option agreements recently acquired from The Rock Gold Corp., as previously disclosed. C2C has made payments in the amount of $205,000 and issued a total of 1,550,000 common shares in the capital of the Company, to the respective joint venture partners comprised of prospectors from Canada's Newfoundland.
In addition, the Company announces the amendment to an existing agreement, adding two new licenses in the Quin and Barrens Lake areas, adjacent to existing mineral properties held by C2C, in exchange for $10,000 cash, reimbursement of nominal security deposit fees and the issuance of 100,000 common shares in the capital of the Company. All other terms and conditions contained in the original property purchase agreement remain in full force and effect. The Company's acquisition of the property option agreements and corresponding payments and share issuances are subject to exchange approval.
About C2C Gold Corp.
C2C Gold Corp. is a mineral exploration company focused on advancing gold projects in Canada's Newfoundland. C2C Gold holds one of the largest land positions on the Central Newfoundland Gold Belt and through the acquisition of The Rock Gold Corp., now includes numerous projects lying along the major gold bearing crustal scale structural zones. C2C Gold's portfolio covers a pipeline of projects from early exploration stage through drill-ready with known gold occurrences. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada's Yukon.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as "expected", "will be", "anticipated", "may", "are subject to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to the addendum and share issuance are subject to exchange approval. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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