goldplay font

Goldplay Arranges and Closes $610,000 Flow-Through Private Placement

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

Goldplay Mining Inc. (TSXV:AUC)(OTCQB:AUCCF)(Frankfurt:9FY), (the "Company" or "Goldplay"),is pleased to announce that it has arranged and closed a non-brokered private placement of flow-through units of the Company (the "FT Units") for a total of $610,000 with two institutional investors

The Company has issued a total of 3,588.236 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $610,000.

Each FT Unit is comprised of one "flow-through" share (a "Common Share") and one half non-transferable common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share the Company at an exercise price of $0.20 until November 24, 2022. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in subsection 66.1(6) of the Income Tax Act and flow-through mining expenditures as defined in subsection 127(9) of the Income Tax Act. The proceeds from the sale of the FT Units will be used to fund eligible exploration expenditures on Company's projects in British Columbia.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day expiring on November 25, 2022 in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid aggregate cash finders' fees to qualified finders of $36,600 representing 6% of the gross proceeds raised. The Company also issued 215,294 non-transferable finders' warrants to qualified finders, with each finders' warrant being exercisable to acquire one Common Share at an exercise price of $0.17 until November 24, 2023.

The financing is subject to receiving the final approval of the Toronto Stock Exchange Venture.

About Goldplay Mining

Goldplay Mining is a Canadian public company listed on TSXV and in US on OTCQB. Goldplay holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC with potential for world class mineral discoveries. The Company also holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

On behalf of the Board of Directors

"Catalin Kilofliski"

Catalin Kilofliski
President, CEO & Director

For further information please contact:

Goldplay Mining Inc.
Mr. Catalin Kilofliski, President & CEO
Suite 650 - 1021 West Hastings Street
Vancouver, BC V6E 0C3
T: (604) 655-1420
E: catalin@goldplaymining.ca
www.goldplaymining.ca

Neither the 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 release.

SOURCE: Goldplay Mining Inc.



View source version on accesswire.com:
https://www.accesswire.com/674669/Goldplay-Arranges-and-Closes-610000-Flow-Through-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
goldplay

Goldplay Mining

Emerging in the Gold Mining Space Through High-Quality Gold Exploration in British Columbia and Portugal

Emerging in the Gold Mining Space Through High-Quality Gold Exploration in British Columbia and Portugal Keep Reading...
Arlen Hansen, gold and silver bars.

Arlen Hansen: Gold, Silver Take a Hit — Real Price Dip or Blip?

Arlen Hansen, founder Kin Communications and host of the Kinvestor Report, shares his thoughts on the recent pullback in the resource sector, saying the bull run isn't over. Click here to sign up for the Kinvestor Mining & Energy Conference, taking place on March 26. The event will feature 16... Keep Reading...
Yugo Metals

Government Approval Unlocks High-Grade Polymetallic Project at Petrovo (Sockovac)

Key SummaryThe Government of the Republic of Srpska (Bosnia and Herzegovina) has formally approved Yugo Metals' application for the 100%-owned Petrovo tenement (10km2), unlocking full access to advance what the Company believes is one of the most compelling high-grade polymetallic systems in... Keep Reading...
A gold bar is positioned over a red fluctuating stock market graph.

Gold and Silver Prices Suffer Massive Correction as US-Iran War Shakes Markets

The gold price has experienced its steepest weekly decline in more than 40 years, dropping as low as US$4,100 per ounce in early morning trading on Monday (March 23). The yellow metal’s safe-haven status has lost its edge in the face of an unprecedented storm of macroeconomic and geopolitical... Keep Reading...
Aurum Raises $28.8M via Strategic Placement

Aurum Raises $28.8M via Strategic Placement

Aurum Resources (AUE:AU) has announced Aurum raises $28.8M via Strategic PlacementDownload the PDF here. Keep Reading...
Magnifying glass highlighting antimony (Sb) on the periodic table.

America's Antimony Problem and Why Investors Should Care

Global antimony production in 2025 was recorded at an average of 110,000 metric tons, with China accounting for 40,000 metric tons, or roughly 36.37 percent. For years, figures like these have been treated as routine, reflecting China’s entrenched dominance in the sector. But with the suspension... Keep Reading...
Copper JV Agreement Signed with Xinhai Mining

Copper JV Agreement Signed with Xinhai Mining

Leading EPC company to farm into Verkhuba Copper Deposit and advance it to production

Further to the Heads of Agreement announced on 11 December 2025, East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and copper explorer, is pleased to announce the formalisation of the joint venture agreement ("JVA") pursuant to which Hong Kong Xinhai Mining Services Limited... Keep Reading...

Interactive Chart

Latest Press Releases

Related News