auc stock

Goldplay Arranges and Closes Flow Through Private Placement for a Total $750,000

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

Goldplay Mining Inc. (TSXV:AUC)(OTCQB:AUCCF)(FRA:9FY) ("Goldplay" or the "Company"), 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 $750,000 with two institutional investors

The Company has issued a total of 4,411,900 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $750,023.

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 1 2023. 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 2, 2022 in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid aggregate cash finders' fees to qualified finders of $45,000 representing 6% of the gross proceeds raised. The Company also issued 264,714 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 1, 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 focused on exploring and advancing gold copper projects located in top mining jurisdictions that host the potential for making world class discoveries.

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/666448/Goldplay-Arranges-and-Closes-Flow-Through-Private-Placement-for-a-Total-750000

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
New Age Exploration Limited

Additional Targets Identified from Gravity Geophysics at Wagyu Project, Pilbara WA

New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the successful completion of additional geophysical surveys at its highly prospective Wagyu Gold Project in the Pilbara, WA. The Passive Seismic (Tromino) and Ground Gravity surveys were conducted across the dry Yule River bed, facilitating a deeper understanding of the geological structures and linking data from both sides of the project area.

Keep reading...Show less
Lobo Tiggre, gold and silver bars.

Lobo Tiggre: Gold's Bullish New Paradigm, Copper Timing to Watch

Lobo Tiggre, CEO of IndependentSpeculator.com, shares his latest thoughts on gold, noting that bullish factors are stacking up in its favor. Among them are recent moves from the Trump administration and a potential rise in global allocations to gold.

Tiggre also discusses copper and gives his thoughts on silver and uranium.

Watch the interview above for more from Tiggre on those topics and more.

Keep reading...Show less
Tavi Costa, world map and charts.

Tavi Costa: Gold's Next Leg Higher, Silver's Major Breakout Setup

Tavi Costa, macro strategist at Crescat Capital, told the Investing News Network about several sectors he's bullish on, including gold, silver and emerging markets.

He also laid out the bear case for the US dollar, saying the concept is a key part of his strategy.

Watch the interview above for more of Costa's thoughts on those topics.

Keep reading...Show less
Garrett Goggin, gold bars.

Garrett Goggin: Is Warren Buffett Coming for Newmont?

Referred to as the Oracle of Omaha, Warren Buffett is perhaps the most famous investor on the planet. He’s been written about in textbooks, featured in movies and discussed across the internet.

His fame is derived from his uncanny ability to choose investment winners, contributing to his billions in personal wealth and the success of his company Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B).

While Buffett and his company are often known for stock-buying activities, the past year has brought moves in the other direction, with Berkshire liquidating more than US$125 billion in 2024's first three quarters.

Keep reading...Show less
North Bay Resources Announces Assays up to 5.69% Copper, 1 Opt. Silver, and 0.22% Vanadium at Copper Island Project, British Columbia

North Bay Resources Announces Assays up to 5.69% Copper, 1 Opt. Silver, and 0.22% Vanadium at Copper Island Project, British Columbia

North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce results of February 2025 exploration at the Company's Copper Island Project. Recent rock sampling of 8 outcrops at the Pomeroy 1-3, Beaver and Copper Bell zones produced results up to 5.69% copper, 1 ounce silver, and 0.22% vanadium with average assay values of 4.6% copper, 0.5 ounces per ton silver, and 0.9% vanadium. In addition, metallurgy studies of the samples showed copper to be in oxide form up to 74.4% and averaged 40.3%, 42.1%, and 58.4% copper oxide utilizing 3 different leach tests. Copper in the oxide form generally has low processing cost with high recovery.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×