Precious Metals

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company" or "IGLD") announces that it is increasing the size of its previously announced proposed non-brokered private placement financing (the "Private Placement"). As per the Company's March 31, 2021 news release, the Private Placement was to be up to 10,000,000 units ("Units") a price of $0.25 per Unit to raise gross proceeds of up to approximately $2,500,000. The Private Placement will now be for up to 11,200,000 Units to raise gross proceeds of $2,800,000. The closing of the financing is anticipated to occur on April 9, 2021. All other terms of the Private Placement remain unchanged.

All securities issued pursuant to the Private Placement will be subject to a four-month hold period from the date of issuance. Completion of the Private Placement is subject to the approval of the Canadian Securities Exchange.

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is an exploration company currently focused on exploring the advanced-stage Independence property located in the Battle Mountain-Cortez Trend, Nevada and the Champ precious metal property near Castlegar, British Columbia. The Independence property benefits from over US$25 million in past exploration, including over 200 holes drilled, and is located adjacent to Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.

FOR FURTHER INFORMATION PLEASE CONTACT:

Christos Doulis, Chief Executive Officer
Telephone: 1.647.924.1083
Email: christos@goldenindependence.co

Forward-Looking Information

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements regarding completion of the Private Placement. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties: (i) the risk that the Canadian Securities Exchange will not accept the terms of the Private Placement; (ii) the risk that the Company will not be able to locate suitable purchasers for the Private Placement; and (iii) management's discretion regarding the use of proceeds. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada at www.sedar.com. The Company assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by applicable law.

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79682

News Provided by Newsfile via QuoteMedia

Graycliff Exploration CEO James Macintosh

Graycliff Exploration CEO James Macintosh: Significant Drill Results from the Shakespeare Gold Project in Ontario

Graycliff Exploration CEO James Macintosh: Significant Results from Shakespeare Gold Projectyoutu.be

Keep reading...Show less
Constantine Metal Resources CEO Garfield MacVeigh

Constantine Metal Resources CEO Garfield MacVeigh: Kicking Off Our US$18 Million Program at the Palmer Project

Constantine Metal Resources CEO Garfield MacVeigh: Kicking Off Our $18Million Program at Palmeryoutu.be

Keep reading...Show less
gold nuggets

5 Top Weekly TSXV Performers: Tombill Mines Leads Gold Explorers Up

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was on the rise last Friday (May 20) morning following another volatile week that sent the junior index as low as 690.

Edging just above 700 after the morning bell on Friday, markets across North America found solace after China moved to support its economy with a cut to a key lending benchmark.

On the commodities side, values for West Texas Intermediate crude oil topped US$114 a barrel last Monday (May 16), while Brent crude touched US$115. Both types had consolidated mildly by Friday to hold in the US$112 range.

Keep reading...Show less
Kairos Minerals

Kairos Minerals Limited (ASX: KAI) – Trading Halt

Description

The securities of Kairos Minerals Limited (‘KAI’) will be placed in trading halt at the request of KAI, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 25 May 2022 or when the announcement is released to the market.

Keep reading...Show less
gold bars and us money

Top Stories This Week — Experts Talk Market Volatility, Fed's Next Move, Gold Price at VRIC

- YouTubeyoutu.be

We're taking a break from our usual format this week so I can give you a recap of the Vancouver Resource Investment Conference (VRIC), which ran from May 17 to 18.

This is the first time VRIC has been live since January 2020, and it was my first in-person event since all the way back in March 2020 — it was definitely exciting to be back on the show floor having face-to-face conversations, and I'm excited to share our interviews with you over the next couple of weeks.

For now, let's talk about VRIC themes. Although it was clear attendees were glad to be off Zoom and back in the real world, there was a sense of sobriety given the current state of the broader markets.

Keep reading...Show less
light bulb with stock chart

VIDEO — Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and Later

Rick Rule: Gold, Oil and Gas, Coal, Water — Commodities for Now and Lateryoutu.be

As the broader markets face volatility, what is investor and speculator Rick Rule doing with his money?

Speaking to the Investing News Network at the recent Vancouver Resource Investment Conference (VRIC), Rule, who is proprietor at Rule Investment Media, said he sees today's circumstances as an opportunity.

"What bear markets really are is sales, and if you think that sales are good, then these are good," he said. He has a shopping list ready and is looking for places he can scale in, but did urge listeners to proceed with caution.

Keep reading...Show less

Latest Press Releases

Related News

×