Golden Band Resources Inc GBRIF

News: GBN Closes $550,000 Private Placement

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Golden Band Resources Closes $550,000 Private Placement Financing 1/6/06 SASKATOON, SASKATCHEWAN, Jan 6, 2006 (CCNMatthews via COMTEX) -- Golden Band Resources Inc. (TSX VENTURE:GBN) announces that it has closed a non-brokered private placement financing of $550,000 of flow-through shares at $0.32 per share to a single placee, 49 North Resource Flow-Through Limited Partnership (see news release dated December 28, 2005). A finder's fee of $22,000 has been paid to Union Securities Ltd. The 1,718,750 shares issued pursuant to this placement have a hold period expiring on April 24, 2006. Proceeds from the private placement will be used to fund exploration work on the Company's La Ronge Project in Saskatchewan and for general working capital. On behalf of the Board of Directors, Ronald Netolitzky, President and Director All of Golden Band's exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Klaus Lehnert-Thiel, P.Eng., P.Geo., Golden Band's Vice President of Exploration, who serves as the qualified person (QP) under the definitions of National Instrument 43-101. Forward Looking Statements: Some of the statements in this news release contain forward-looking information which involves inherent risk and uncertainty that may affect the business of Golden Band Resources Inc. Actual results may differ materially from those currently anticipated in such statements. SOURCE: Golden Band Resources Inc. Ascenta Capital Partners Inc. [phone] or Toll Free: 1-866-684-4209 [e-mail] www.goldenbandresources.com Copyright (C) 2006 CCNMatthews. All rights reserved.