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Golden Lake Exploration Announces Oversubscribed Financing Closed

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Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) has successfully closed an oversubscribed non-brokered private placement, raising $791,750 by issuing 15,835,000 units at $0.05 per unit. Each unit comprises one common share and one transferable warrant, exercisable at $0.07 for 36 months. The proceeds will be used to advance the Jewel Ridge property in Nevada and for general working capital. The company paid $34,425 in finders' fees and issued 896,000 non-transferable finders' warrants, exercisable at $0.07 for 12 months. All shares issued are subject to a four-month hold period.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ha chiuso con successo un collocamento privato non intermedia, raccogliendo $791,750 mediante l'emissione di 15,835,000 unità a $0.05 per unità. Ogni unità è composta da un'azione comune e da un warrant trasferibile, esercitabile a $0.07 per 36 mesi. I proventi saranno utilizzati per sviluppare la proprietà Jewel Ridge in Nevada e per il capitale circolante generale. L'azienda ha pagato $34,425 in commissioni ai broker e ha emesso 896,000 warrant non trasferibili, esercitabili a $0.07 per 12 mesi. Tutte le azioni emesse sono soggette a un periodo di blocco di quattro mesi.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) ha cerrado con éxito un colocación privada no intermediada con sobre suscripción, recaudando $791,750 mediante la emisión de 15,835,000 unidades a $0.05 por unidad. Cada unidad consta de una acción común y un warrant transferible, que se puede ejercer a $0.07 durante 36 meses. Los fondos se utilizarán para avanzar en la propiedad Jewel Ridge en Nevada y para capital de trabajo general. La empresa pagó $34,425 en comisiones a los intermediarios y emitió 896,000 warrants no transferibles, que se pueden ejercer a $0.07 durante 12 meses. Todas las acciones emitidas están sujetas a un período de retención de cuatro meses.

골든 레이크 탐사 주식회사 (CSE:GLM)(OTCQB:GOLXF)는 중개인 없이 초과 구독된 사모 배정을 성공적으로 마감하며 $791,750를 모금했고, 단가 $0.05로 15,835,000 단위를 발행했습니다. 각 단위는 하나의 보통주와 $0.07로 36개월 동안 행사 가능한 하나의 양도 가능한 워런트로 구성되어 있습니다. 수익금은 네바다의 주얼 리지 개발과 일반 운영 자본으로 사용될 것입니다. 회사는 $34,425의 소개 수수료를 지불하고 896,000개의 양도 불가능한 소개 워런트를 발행했으며, 이는 12개월 동안 $0.07로 행사 가능합니다. 발행된 모든 주식은 4개월의 보유 기간이 적용됩니다.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) a réussi à clore un placement privé non intermédiaire sursouscrit, levant $791,750 en émettant 15,835,000 unités à 0,05 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription transférable, exerçable à 0,07 $ pendant 36 mois. Les fonds seront utilisés pour développer la propriété Jewel Ridge au Nevada et pour le capital de travail général. La société a payé $34,425 en frais de mise en relation et a émis 896,000 bons de souscription non transférables, exerçables à 0,07 $ pendant 12 mois. Toutes les actions émises sont soumises à une période de blocage de quatre mois.

Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF) hat erfolgreich eine überzeichnete, nicht vermittelte Privatplatzierung abgeschlossen und $791,750 durch die Emission von 15,835,000 Einheiten zu je $0.05 pro Einheit akquiriert. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Warrant, der für 36 Monate zu $0.07 ausgeübt werden kann. Die Einnahmen werden zur Weiterentwicklung des Jewel Ridge-Standorts in Nevada und für das allgemeine Betriebskapital verwendet. Das Unternehmen zahlte $34,425 an Findergebühren und gab 896,000 nicht übertragbare Finder-Warrants aus, die für 12 Monate zu $0.07 ausgeübt werden können. Alle ausgegebenen Aktien unterliegen einer viermonatigen Haltefrist.

Positive
  • Successful closure of an oversubscribed private placement
  • Raised $791,750 in gross proceeds
  • Proceeds to be used for advancing Jewel Ridge property and working capital
Negative
  • Potential dilution of existing shareholders due to new share issuance

VANCOUVER, BC / ACCESSWIRE / September 13, 2024 / Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF)("GLM" or the "Company") is pleased to announce that further to its press release dated September 5, 2024, the Company has closed the non-brokered private placement. The Company issued 15,835,000 units (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of $791,750. Each Unit is comprised of one common share ("Share") and one transferable common share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period after the Closing Date at an exercise price of $0.07 per share.

Proceeds raised will be used for advancing the Company's Jewel Ridge property in Nevada as well as for general working capital.

Finders' fees of $34,425 cash and 896,000 non-transferable finders' warrants were paid to arm's length parties. Each finder's Warrant will entitle the finder to purchase one Warrant Share of the Company for a 12-month period after the Closing Date at an exercise price of $0.07 per share.

Shares issued pursuant to the Financing will be subject to a four-month hold period according to applicable securities laws of Canada.

About Golden Lake Exploration Inc.

Golden Lake Exploration Inc. is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.

ON BEHALF OF THE BOARD
"Mike England"

Mike England, CEO&DIRECTOR

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
TollFree:1-888-945-4770

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Lake Exploration Inc.



View the original press release on accesswire.com

FAQ

How much did Golden Lake Exploration (GOLXF) raise in its recent private placement?

Golden Lake Exploration (GOLXF) raised $791,750 in gross proceeds through its recent oversubscribed non-brokered private placement.

What is the exercise price and duration of the warrants issued by Golden Lake Exploration (GOLXF)?

The warrants issued by Golden Lake Exploration (GOLXF) have an exercise price of $0.07 per share and are valid for a 36-month period after the closing date.

How will Golden Lake Exploration (GOLXF) use the proceeds from the private placement?

Golden Lake Exploration (GOLXF) will use the proceeds to advance its Jewel Ridge property in Nevada and for general working capital.

What finders' fees did Golden Lake Exploration (GOLXF) pay for the private placement?

Golden Lake Exploration (GOLXF) paid $34,425 in cash and issued 896,000 non-transferable finders' warrants as finders' fees for the private placement.

GOLDEN LAKE EXPL INC

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