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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.


CSE:GLM - Post by User

Comment by lifegoesonon Mar 07, 2021 1:39pm
171 Views
Post# 32739131

RE:RE:INFO

RE:RE:INFOBlueChipper, I was lucky to buy stock on Friday below the strike price of the PP at $0.45. And yes, they just announced $10 M raise with Sprott as lead investor. There will be a lot happening here and certainly I don't think this is a time to be selling.  Here is likely the reason Sprott said we need to raise a lot of money and drill this excellent property..... Good Luck...

GOLDEN LAKE EXPLORATION ANNOUNCES FINANCING CLOSED

Golden Lake Exploration Inc., further to its news release dated Feb. 23, 2021, has closed the non-brokered private placement with a lead order from Eric Sprott, through his company, 2176423 Ontario Ltd. The company issued 22,305,404 units at a price of 45 cents per unit for aggregate gross proceeds of $10,037,431.80. Each unit comprises one common share and one-half of one transferable common 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.


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