Gossan Resources Ltd

Published : December 17th, 2014

Early Warning-Gossan CEO Shareholdings Exceed 10% of Shares Outstanding

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Keywords :   Chromium | Gold | Lithium | Magnesium | Platinum | Tantalum |

Early Warning-Gossan CEO Shareholdings Exceed 10% of Shares Outstanding

WINNIPEG, MANITOBA--(Marketwired - Dec 16, 2014) - Gossan Resources Limited (TSX VENTURE:GSS)(GSR.F) (Frankfurt/Freiverkehr & Xetra:WKN 904435) has been advised by its CEO, Douglas Reeson, that he purchased a material number of shares on December 11th and 12th, 2014, and now holds 3,855,000 common shares or 11.6% of the shares issued and outstanding. Mr. Reeson purchased these shares for investment purposes and has no present intention to acquire ownership of, or control over, additional securities of Gossan, but may choose to acquire additional securities of the Company in the future for investment purposes. Mr. Reeson also holds 800,000 options to acquire an additional 800,000 common shares of Gossan.

This news release is being issued pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report filed by Reeson in connection with the shares purchased is available on the Company's SEDAR profile.

Gossan Resources Limited is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, vanadium, titanium, tantalum, lithium and chromium. The Company also has a large deposit of high-purity, magnesium-rich dolomite. Gossan participates in the frac sand industry though an equity interest in Claim Post Resources, property payments, and a significant production royalty. Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges and has 33,170,400 common shares outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please bookmark www.gossan.ca.

Read the rest of the article at finance.yahoo.com

Gossan Resources Ltd

EXPLORATION STAGE
CODE : GSS.V
ISIN : CA3834151068
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Gossan Resources is a nickel and zinc exploration company based in Canada.

Gossan Resources holds various exploration projects in Canada.

Its main exploration properties are MANIGOTAGAN, ANGELINA, INWOOD MAGNESIUM, PIPESTONE LAKE, SEPARATION RAPIDS, SHARPE LAKE, BIRD RIVER - NI ZONE, BIRD RIVER - ZN & CU ZONE, BIRD RIVER - PAGE BLOCK, ANGELINA - GOSSAN, INWOOD and KISKITTO - GOSSAN in Canada.

Gossan Resources is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.6 millions, € 3.1 millions).

Its stock quote reached its highest recent level on April 04, 1997 at CA$ 2.89, and its lowest recent point on December 12, 2014 at CA$ 0.01.

Gossan Resources has 33 170 400 shares outstanding.

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In the News and Medias of Gossan Resources Ltd
11/6/2014Manitoba's Gossan Resources investing in Greece, undertaking...
Financings of Gossan Resources Ltd
1/4/2012Completes $603,600 Private Placement
10/25/2011to Invest in East Mining Company and Announces Private Place...
Option Grants of Gossan Resources Ltd
6/15/2009awards incentive stock options
Nominations of Gossan Resources Ltd
10/2/2012Elects New Directors at Annual Shareholders Meeting
10/2/2012Elects New Directors at Annual Shareholders Meeting
Project news of Gossan Resources Ltd
6/25/2013(Manigotagan)Gossan Sells Manigotagan Silica Frac Sand Project
3/7/2012Completes the Sale of Its Equity Interest in The Claims Netw...
2/25/2012Receives Bird River Project Withdrawal Notice from Stillwate...
2/6/2012Receives a New Offer for the Sale of Its Equity Interest in ...
9/23/2011Receives an Offer for the Sale of Its Equity Interest in The...
9/9/2011Options Vermillion Gold Property
3/11/2009(Bird River - Page Block)JV Partner Intersects 2.8 m of 2.66% Nickel=2C 2.10% Copper=...
3/2/2009(Bird River - Page Block)Initial Drill Results From Gossan-Marathon's Bird River Proj...
2/3/2009(Bird River - Page Block)Drilling Underway at Gossan-Marathon's Bird River Project
1/15/2009(Bird River - Page Block)Two NI 43-101 Resource Estimates Completed At Gossan
7/16/2008(Bird River - Page Block)Ore Fault North Zone Resource Development Drilling Hits...
5/26/2008(Bird River - Page Block)Resource Development Drilling at Gossan’s Bird River Propert...
5/15/2008(Manigotagan)Sonic Drill Program Improves Recovery
Corporate news of Gossan Resources Ltd
7/9/2015Gossan Appoints New Director to Board
4/10/2015Gossan Appoints Chief Financial Officer
4/10/2015Gossan Grants Stock Options
12/17/2014Early Warning-Gossan CEO Shareholdings Exceed 10% of Shares ...
12/14/2014Gossan Receives the second $350,000 Manigotagan Payment from...
12/8/2014Gossan Receives the Second $350,000 Manigotagan Payment from...
6/17/2014Gossan Receives $350,000 Manigotagan Payment from Claim Post
3/28/2014Gossan Appoints Chief Financial Officer
3/15/2014Gossan Grants Stock Options
7/31/2012Magnesium Article
7/11/2012Presents Paper on Primary Magnesium Process at 9th Internati...
5/22/2012"Developments in Gossan's Magnesium Project" Paper Presented...
4/25/2012to Present Paper on Proprietary Magnesium Technology at Glob...
4/23/2012Independent Study Concludes Automotive GHG Emissions Can BeM...
8/10/2010Gets Excellent Results from The Claims Network Inc.
5/5/2010Undertakes Silica Sand Marketing Study
4/27/2010Concludes Phase III Zuliani Magnesium Process Bench Scale Te...
10/2/2009Engages T2W Market Liquidity
10/2/2009Elects New Director at Annual Shareholders Meeting
9/29/2009More Positive Results for Gossan's Zuliani Magnesium Process
6/12/2009Partner Provides Coppermine Drill Results at the Bird River ...
3/2/2009Conducting Magnesium Testwork At Process Research ORTECH
7/18/2008New Director Appointed & Options Granted
5/28/2008Ore Fault North Zone Resource Development Drilling Hits 15m ...
5/12/2008News Release
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