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)
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...
Closeup of detailed map highlighting Finland in pink, surrounded by Sweden, Norway and Estonia in different colors.

Agnico Eagle Plans Three Way Consolidation to Forge Massive Finnish Gold Hub

Agnico Eagle Mines (TSX:AEM,NYSE:AEM) is rolling up Northern Finland’s gold belt in a sweep of three deals, simultaneously acquiring Rupert Resources (TSXV:RUP,OTCQX:RUPRF), Aurion Resources (TSXV:AU,OTCQX:AIRRF) and a B2Gold (TSX:BTO,NYSEAMERICAN:BTG) joint venture stake.The interconnected... Keep Reading...
Gold bar stands over a background of green and silver circuit boards.

Has Gold Production Peaked?

Gold has soared in recent years, climbing from around US$1,300 per ounce in 2016 to over US$5,500 in 2026.Its impressive price rise is due to a wide variety factors, including central banks adding to their reserves because of gold's appeal as a monetary asset, and retail investors seeking its... Keep Reading...
Sarama Provides Corporate Update

Sarama Provides Corporate Update

Sarama Resources Ltd. (“Sarama” or the “Company”) (TSX-V: SWA, ASX: SRR) is pleased to provide a corporate update on matters pertaining to its arbitration claim (“Claim”), Western Australian gold assets, and the acquisition of copper-gold exploration tenements in New South Wales, Australia.... Keep Reading...
RUA GOLD Submits Fast-Track Referral Application for Auld Creek Project in the Reefton Goldfield, New Zealand

RUA GOLD Submits Fast-Track Referral Application for Auld Creek Project in the Reefton Goldfield, New Zealand

Rua Gold Inc. (TSX: RUA,OTC:NZAUF) (NZX: RGI) (OTCQX: NZAUF) (FSE: X9R) ("Rua Gold" or the "Company") is pleased to announce the submission of its Fast-Track Referral application for the Auld Creek Project in the Reefton Goldfield, marking a key milestone in the Company's transition from... Keep Reading...
Minerals in gold, silver, and copper colors with text reading: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Tincorp Metals Pops 128 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Monday (April 13), professional services firm EY released a report on BC's mining sector.... Keep Reading...
Gold and silver bars with a green arrow, text reads: "Weekly Editor's Picks."

Editor's Picks: Gold Breaks US$4,800, Silver Passes US$82 as Hormuz Opens

The gold price had ups and downs this week, but overall moved higher, spending a decent amount of time above the US$4,800 per ounce level and even approaching US$4,900.Silver also fared well, breaking through US$82 per ounce.Prices for both precious metals have taken hits since the Iran war... Keep Reading...

Interactive Chart

Latest Press Releases

Related News