Golden Lake closes $1.22-million private placement Golden Lake closes $1.22-million private placement Golden Lake Exploration Inc (C:GLM)
Shares Issued 19,533,001
Last Close 6/10/2020 $0.175
Wednesday June 10 2020 - News Release
Mr. Mike England reports
GOLDEN LAKE EXPLORATION CLOSES FINANCING
Golden Lake Exploration Inc., further to its news releases dated May 29, 2020, has closed its non-brokered private placement. The company issued 8,166,667 common share units at a price of 15 cents per unit for aggregate gross proceeds of $1,225,000. The shares and warrants comprising the units are subject to a four-month hold period expiring Oct. 10, 2020.
Proceeds raised will be used for advancing the company's Jewel Ridge project in Nevada as well as for general working capital purposes.
Finders' fees of $63,980 were paid to arm's-length parties.
About Golden Lake Exploration Inc.
Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.
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