Post by
HHHAPPY on Feb 24, 2021 6:23am
MANAGEMENT MOVING QUICKLY TO OBTAIN FUNDING
FOR DEVELOPMENT OF THEIR APPARENT MAJOR FIND ANNOUNCED YESTERDAY.
"
[/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.
Finders' fees may be payable on the private placement, subject to the policies of the Canadian Securities Exchangeb]"
Comment by
TotalCorruption on Feb 24, 2021 8:14am
After those stellar results and more to come soon I suspect that the financiers came running to management to lock this in before the news gets realized and the share price balloons. Never have I seen a financing done at more than double the low of the day! Until yesterday GLM traded in the .15 range and now they're financed at .45! Beautiful play!