Getchell Gold Chairman Bob Bass Increases Stake with Warrant Exercise

An update from Getchell Gold Corp ( (TSE:GTCH) ) is now available.

Getchell Gold Corp announced that Chairman Bob Bass has exercised one million warrants, highlighting his strong confidence in the Fondaway Canyon gold project. This exercise, along with additional acquisitions, increases his holdings to 11,786,589 shares, representing 8.71% of the company’s outstanding shares undiluted and 15.98% on a partially diluted basis. This move reflects a significant personal investment in the company’s growth potential and strategic direction.

More about Getchell Gold Corp

Getchell Gold Corp is a Nevada-focused gold and copper exploration company, trading on the CSE, OTCQB, and FWB. The company is primarily focused on its Fondaway Canyon project, which is a past gold producer with a significant mineral resource estimate and a recent Preliminary Economic Assessment. Additionally, Getchell’s portfolio includes the Dixie Comstock and high-grade Star projects.

YTD Price Performance: 40.62%

Average Trading Volume: 167,496

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$29.9M

Learn more about GTCH stock on TipRanks’ Stock Analysis page.