DigiGeoData is an arm's length party to the Company.
Founded in 2018, the DigiGeoData team is responsible for pioneering modern mining cartography as the creators of the mineral exploration industry's global standard regional maps. Today, DigiGeoData is developing its premier 'Atlas' platform, a software-based GIS interactive mapping interface alongside its 'Maps' distribution business used by over 300 clients.
'The acquisition of DigiGeoData is integral to our overall strategy of bringing prospectors, explorers, as well as institutional and retail investors enhanced transparency and decision making in the discovery process,' said
DigiGeoData's full suite of software and services include: DigiGeoAtlas - A SaaS based online GIS interactive mapping interface that spatially links and displays data from DigiGeoMaps and DigiGeoData. Atlas is offered as a free and paid subscription service with a full suite of seamless claim data, 43-101 reports, property and assets, geological layers and additional features.
DigiGeoMaps - The industry standard, DigiGeoData's maps provide an overview both on a global/country scale or a more focused regional basis that has significant exploration and mining activity. Over 300 mineral exploration companies have sponsored DigiGeoData maps so far through physical and electronic distribution.
DigiGeoData - The database is the source of information that feeds DigiGeoMaps and DigiGeoAtlas. All accessible data is queried and displayed from the database. Data includes current resources, production, and technical reports searchable by several parameters.
The DigiGeoData team have over 100 years of combined experience developing data solutions for the mining industry led by
'As someone who has spent most of his career providing data and spatial solutions I watched in amazement as GoldSpot announced its recent acquisitions, especially CEO.CA,' said
Consideration Details
The consideration on closing consists of the issuance of 2,803,738 common shares of the Company ('Consideration Shares') at a deemed price of
The acquisition is subject to customary closing conditions and regulatory approvals. Upon closing, DigiGeoData will operate as a stand-alone subsidiary under GoldSpot.
About
Contact:
Tel: 647-992-9837
Email: investors@goldspot.ca
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking information which involves 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, the proposed acquisition of DigiGeoData, the receipt of all applicable regulatory approvals in connection therewith, the prospective nature of the business of DigiGeoData, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the failure to receive all regulatory approvals or satisfy all closing conditions in connection with the proposed acquisition of DigiGeoData, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company 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. The Company 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.
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