TSXV:AUC

Goldplay Arranges and Closes Flow Through Private Placement for an Additional $170,000

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 an additional non-brokered private placement of flow-through units of the Company (the "FT Units") for a total of $170,000 with Raymond James Ltd

The Company has issued a total of 1,000,000 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $170,000.

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 October 19 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 February 20, 2022 in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid aggregate cash finders' fees to qualified finders of $10,200 representing 6% of the gross proceeds raised. The Company also issued 60,000 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 October 19, 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/668774/Goldplay-Arranges-and-Closes-Flow-Through-Private-Placement-for-an-Additional-170000

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...
Man in black shoes standing on a road with a white U-turn arrow.

Gold and Silver Prices Take a U-Turn on Trump's Fed Chair Nomination

Gold and silver prices have experienced one of their most savage corrections in decades. After hitting a record high of close to US$5,600 per ounce in the last week of January, the price of gold took a dramatic U-turn on January 30, dropping as low as US$4,400 in early morning trading on Monday... Keep Reading...
Bold Ventures President and COO Bruce MacLachlan

Bold Ventures Kicks Off 2026 with Diamond Drilling Program at Burchell Base and Precious Metals Project

Bold Ventures (TSXV:BOL) has launched a diamond drilling program at its Burchell base and precious metals property in Ontario, President and COO Bruce MacLachlan told the Investing News Network.“We just started drilling a couple of weeks ago, and we’ll be drilling for a while,” MacLachlan said,... Keep Reading...
Providence Gold Mines CEO Highlights Growth Catalysts at La Dama de Oro Gold Property

Providence Gold Mines CEO Highlights Growth Catalysts at La Dama de Oro Gold Property

In an interview during the Vancouver Resource Investment Conference, Providence Gold Mines (TSXV:PHD,OTCPL:PRRVF) President, CEO and Director Ron Coombes said 2026 will be a pivotal year for the company. Providence Gold Mines is entering a key growth phase as funding, permitting and technical... Keep Reading...
Mini shopping cart overflowing with gold bars on a wooden surface.

Randy Smallwood: The Case for Gold Streaming in Today's Price Environment

Gold streaming took center stage at the Vancouver Resource Investment Conference last week as Randy Smallwood, president and CEO of Wheaton Precious Metals (TSX:WPM,NYSE:WPM), laid out why the model is drawing renewed investor attention amid today's high gold and silver prices.Speaking during a... Keep Reading...
Matthew Piepenburg, gold and silver bars.

Matthew Piepenburg: Gold, Silver Going Higher, but Expect Volatility

Matthew Piepenburg, partner at Von Greyerz, breaks down what's really driving the gold price, going beyond headlines to the ongoing debasement of the US dollar. He also discusses silver market dynamics. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I,... Keep Reading...
Jeff Clark, gold and silver bars.

Jeff Clark: Gold, Silver Price Drop — Cash is Key in Corrections

Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct. "Even though I'm very long, and even though I haven't taken profits on a lot of things, the number one antidote to a crash or a correction is your cash... Keep Reading...

Interactive Chart

Latest Press Releases

Related News