Golden Lake Exploration Inc C.GLM

Alternate Symbol(s): GOLXF

Golden Lake Exploration Inc. is a Canada-based public mining exploration company. The Company acquires, explores, and develops precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property. The Company’s Jewel Ridge property is located on the south end of Nevada’s prolific Battle Mountain-Eureka trend, along strike and contiguous with i-80 Gold’s Archimedes, Ruby Hill and FAD shaft gold deposits to the north, Timberline Resources advanced-stage Lookout Mountain project to the south and North Peak Resources Prospect Mountain Mine Complex to the west. It also holds the Cardinalli Portfolio, consisting of three patented mineral claims called the Sentinel, the Clipper and the Golden Rule, comprising approximately 23 acres. It also owns an early-stage property, the Copperview project, which is situated in south-central British Columbia. It holds the option to acquire a 100% undivided interest in the Conglin Creek Copper Property.

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Golden Lake Exploration Inc > GLM ... Locked In Financing @ .45, Sombody Wanted It !

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Post by MCFeron Feb 23, 2021 7:01pm

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Post# 32643100

GLM ... Locked In Financing @ .45, Sombody Wanted It !

Golden Lake arranges $5.4-million financing

2021-02-23 18:52 ET - News Release

Mr. Mike England reports

GOLDEN LAKE EXPLORATION ANNOUNCES FINANCING

Golden Lake Exploration Inc. has arranged a non-brokered private placement of up to 12 million units at a price of 45 cents per unit for aggregate gross proceeds of $5.4-million. Each unit will comprise one common share and one-half of one transferable share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one warrant share for a 24-month period after the closing date at an exercise price of 60 cents per share. Net proceeds of the financing will be used to advance the corporation's Jewel Ridge gold property near Eureka, Nev., and for general working capital purposes.

Shares issued pursuant to the financing will be subject to a four-month hold period according to applicable securities laws of Canada.

https://www.stockwatch.com/News/Item?bid=Z-C:GLM-3036431&symbol=GLM&region=C

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