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Golden Spike Closes Final Tranche of Non-Brokered Private Placement Offering

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Golden Spike Resources has completed the second and final tranche of its non-brokered private placement, raising $225,000 through the issuance of 1,125,000 non-flow-through units at $0.20 per unit. Each unit includes one common share and half a warrant exercisable at $0.30 until November 1, 2026. The company issued 7,500 finder's warrants and paid $1,500 in finder's fees. The total proceeds from both tranches amount to $782,500 through the issuance of 3,912,500 units. All securities have a four-month hold period.

Golden Spike Resources ha completato la seconda e ultima tranche del suo collocamento privato non intermediazione, raccogliendo $225,000 attraverso l'emissione di 1,125,000 unità non flusso, al prezzo di $0.20 per unità. Ogni unità include una azione comune e mezza warrant esercitabile a $0.30 fino al 1 novembre 2026. L'azienda ha emesso 7,500 warrant per il finder e ha pagato $1,500 come commissione per il finder. L'importo totale raccolto da entrambe le tranche ammonta a $782,500 attraverso l'emissione di 3,912,500 unità. Tutti i titoli hanno un periodo di blocco di quattro mesi.

Golden Spike Resources ha completado la segunda y última tranche de su colocación privada no intermediada, recaudando $225,000 a través de la emisión de 1,125,000 unidades no fluyendo, a un precio de $0.20 por unidad. Cada unidad incluye una acción común y media garantía que se puede ejercer a $0.30 hasta el 1 de noviembre de 2026. La compañía emitió 7,500 garantías para el buscador y pagó $1,500 en tarifas para el buscador. Los ingresos totales de ambas tranches ascienden a $782,500 a través de la emisión de 3,912,500 unidades. Todos los valores tienen un período de retención de cuatro meses.

골든 스파이크 리소스는 중개인 없이 진행된 사모 배치의 두 번째이자 마지막 트랜치를 완료하여, $225,000을 모금했으며, 이 과정에서 단가 $0.20에 비유동성 유닛 1,125,000개를 발행했습니다. 각 유닛은 하나의 일반 주식과 $0.30로 2026년 11월 1일까지 행사 가능한 반쪽의 워런트를 포함합니다. 회사는 7,500개의 파인더 워런트를 발행하고, 파인더 수수료로 $1,500를 지급했습니다. 두 개의 트랜치에서 총 수익은 $782,500이며, 3,912,500개의 유닛이 발행되었습니다. 모든 증권은 4개월의 보유 기간이 있습니다.

Golden Spike Resources a achevé la deuxième et dernière tranche de son placement privé sans courtage, levant $225,000 grâce à l'émission de 1,125,000 unités non-flux à un prix de $0.20 par unité. Chaque unité comprend une action ordinaire et une demi-option exerçable à $0.30 jusqu'au 1er novembre 2026. La société a émis 7,500 options pour les intermédiaires et payé $1,500 en frais d'intermédiation. Le montant total des recettes des deux tranches s'élève à $782,500 grâce à l'émission de 3,912,500 unités. Tous les titres ont une période de blocage de quatre mois.

Golden Spike Resources hat die zweite und letzte Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $225,000 durch die Ausgabe von 1,125,000 nicht fließenden Einheiten zu je $0.20 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und eine halbe Option, die bis zum 1. November 2026 zu einem Preis von $0.30 ausgeübt werden kann. Das Unternehmen hat 7,500 Vermittleroptionen ausgegeben und $1,500 an Vermittlungsgebühren gezahlt. Die Gesamterlöse aus beiden Tranchen belaufen sich auf $782,500 durch die Ausgabe von 3,912,500 Einheiten. Alle Wertpapiere unterliegen einer Sperrfrist von vier Monaten.

Positive
  • Successfully raised $782,500 in total proceeds through private placement
  • Complete subscription of offering indicates investor interest
Negative
  • Share dilution due to issuance of 3,912,500 new units
  • Additional potential dilution from 1,956,250 warrants if exercised

Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) ("Golden Spike" or the "Company") Further to the Company's news release on October 8, 2024, Golden Spike is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering for aggregate gross proceeds of $225,000. (the "Second Tranche of the Non-Brokered Offering") and has issued 1,125,000 non-flow-through units of the Company (the "NFT Units") at a price of $0.20 per NFT Unit. Each NFT Unit consists of one Common Share and one-half of one Common Share purchase warrant (each whole warrant, a "NFT Warrant"). Each NFT Warrant is exercisable into one Common Share at an exercise price of $0.30 per Common Share expiring November 1, 2026.

In connection with this Second Tranche of the Non-Brokered Offering, the Company has issued 7,500 finder's warrants (the "Finder's Warrants") and paid a cash commission of $1,500 to one finder. Each Finder's Warrant entitles the holder thereof to purchase one Common Share at a price of $0.30 per Common Share for a period of 24 months from issuance.

Pursuant to the first and second tranches of the Non-Brokered Offering, an aggregate of 3,912,500 NFT Units have been issued at $0.20 per NFT Unit for gross proceeds of $782,500.

The securities issued under the Non-Brokered Offering will have a hold period of four months and one day from the date of closing. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Golden Spike

Golden Spike Resources Corp. (CSE: GLDS) (OTCQB: GSPRF) (FSE: L5Y) is a Canadian mineral exploration company focused on identifying, acquiring and unlocking value in mineral opportunities in Canada and other low-risk jurisdictions. The Company currently holds 100% interest in the 5,050-hectare Gregory River Property in Newfoundland, strategically centered over an approximate 11-kilometer-long stretch of the Gregory River VMS-belt, a north-northeast trending corridor of very prospective ground with potential to host Cyprus-type polymetallic VMS deposits. In addition, the Property hosts a cluster of historically explored, high-grade, copper ±gold vein structures.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith Anderson, President and CEO

Golden Spike Resources Corp.
830 - 1100 Melville St., Vancouver, BC, V6E 4A6
+1 (604) 786-7774
info@goldenspikeresources.com   www.goldenspikeresources.com

"Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release."

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228657

FAQ

How much did Golden Spike Resources (GSPRF) raise in its final tranche of private placement?

Golden Spike Resources raised $225,000 in the final tranche of its non-brokered private placement.

What is the exercise price and expiry date for Golden Spike's (GSPRF) NFT Warrants?

The NFT Warrants are exercisable at $0.30 per Common Share and expire on November 1, 2026.

What was the total amount raised by Golden Spike (GSPRF) in both tranches of the private placement?

Golden Spike raised a total of $782,500 through both tranches of the non-brokered private placement.

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