SAN JOSE, CA / ACCESSWIRE / February 1, 2022 / Guskin Gold Corp. (OTCQB:GKIN) ("Guskin Gold" or the "Company") is pleased to announce it has entered into a Joint Venture and Partnership Agreement with Danampco Company Limited ("DCL") for gold and other precious metal exploration and mining activities in Ghana, West Africa.
Per the Agreement DCL granted the Company an exclusive seventy (70%) percent ownership interest in the Kukuom Shewn Edged Pink Concession (the "Kukuom Concession").
The Kukuom Concession covers a total surface area of one-hundred fifty-six (156) square kilometers and is located between the cities of Goaso and Bibiani in the Ahafo District of Ghana.
As consideration for the Partnership, the Company shall provide all financing ("Financing"), to be remitted in accordance with a work program and budget, necessary to begin exploration of the Kukuom Concession.
Additionally, the Company shall issue DCL five-hundred thousand (500,000) restricted common shares of the Company's common stock, at a per share valuation of $1.00 per share, where such shares shall be issued based on certain milestones, which are set forth in the JV Operating Agreement.
As previously announced, the Company entered into an agreement with African Exploration and Mining Group Ltd. relating to a one square kilometer claim within the Kukuom Concession, that agreement has since been terminated and replaced by the Agreement with DCL. The Agreement with DCL provides the Company access to the entire property parcel and also increases the Company's aggregate ownership percentage.
About Guskin Gold Corp.
Guskin Gold Corp. (OTCQB:GKIN) is a junior mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and alluvial mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world. The company's leadership team is world-class. Many are native to Ghana, all offer specialized expertise in the business of gold exploration, mining, public markets, and finance. And all are passionately committed to the success of the company, our partners, and investors. For additional information please visit www.guskingold.com.
Contact Information
Mrs. Naana Asante
Chief Executive Officer
Tel: + (408) 766-1511
naana.asante@guskingold.com
www.guskingold.com
Forward-Looking Statements and Disclosure
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the exploration and exploitation of the Kukuom Concession, new mineral and/or gold projects, securing necessary financing, the future of the U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations pertaining to the mining and exploration of mineral properties in Ghana and internationally. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
SOURCE: Guskin Gold Corp.
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