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...
Candlestick chart over gold bars with "Weekly Editor's Picks" text.

Editor's Picks: Gold and Silver Prices Hit New Highs, Then Drop — What's Next?

Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to... Keep Reading...
Lobo Tiggre, gold bars.

Lobo Tiggre: Gold, Silver Hit Record Highs, Next "Buy Low" Sector

Did gold and silver just experience a blow-off top, or do they have more room to run? Lobo Tiggre, CEO of IndependentSpeculator.com, shares his thoughts on what's going on with the precious metals, and how investors may want to position.Don't forget to follow us @INN_Resource for real-time... Keep Reading...
Ross Beaty silver bars.

Ross Beaty: Gold, Silver in "Bubble Territory," What Happens Next?

Ross Beaty of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Pan American Silver (TSX:PAAS,NASDAQ:PAAS) shares his thoughts on gold and silver's record-setting runs. While high prices are exciting, he noted that even US$50 per ounce silver is good for miners. "At the end of the day, there's still... Keep Reading...
Chrome button labeled "take profit" with a blue glow.

Is it Time to Take Profits? Experts Share Gold and Silver Strategies in Vancouver

Optimism was building at last year’s Vancouver Resource Investment Conference (VRIC), with fresh capital flowing back into the mining sector, lifting project financings and investor portfolios alike.This year's VRIC, which ran from January 25 to 26, saw that optimism tip into outright... Keep Reading...
Adoption of Omnibus Incentive Plan & Private Placement Update

Adoption of Omnibus Incentive Plan & Private Placement Update

iMetal Resources Inc. (TSXV: IMR,OTC:IMRFF) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company"). The Company confirms shareholders approved the adoption of a new omnibus incentive plan (the "Plan") at the annual general and special meeting (the "Meeting") of shareholders held on August 7,... Keep Reading...
Flow Metals Announces Closing of Shares for Debt

Flow Metals Announces Closing of Shares for Debt

Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") is pleased to announce that, further to its news release dated January 23, 2026, it has closed a debt settlement transaction (the "Debt Settlement") with certain insiders' of the Company pursuant to which the Company settled... Keep Reading...

Interactive Chart

Latest Press Releases

Related News