19:08:46 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Goldbank Mining Corp (2)
Symbol GLB
Shares Issued 89,922,655
Close 2022-09-20 C$ 0.06
Market Cap C$ 5,395,359
Recent Sedar Documents

ORIGINAL: Goldbank investor Blizzard acquires 5.14M units

2022-09-21 12:45 ET - News Release

Received by email:

File: Attachment NR_EW_2022_09_20_BFC.pdf

BLIZZARD FINANCE CORP.

                                                                                                          704   889 We
--->st Pender Street
                                                                                                  Vancouver, BC CANADA
---> V6C 3B2

                                                                                                                      
---> Tel.: 604.354.9057

September 20, 2022

NEWS RELEASE

Pursuant to: National Instrument 62-103

Blizzard Finance Corp. ("Blizzard") announces that on September 20, 2022 it acquired 5,142,858 units of
securities of Goldbank Mining Corporation ("Goldbank") at a price of $0.07 per unit for a total
consideration of $360,000 pursuant to a non-brokered private placement offering. Each unit is comprised
of one common share and one share purchase warrant, with each warrant entitling the holder to purchase
one additional common share of Goldbank for five years at a price of $0.095 per share. Blizzard's
participation in the private placement increased the percentage of Goldbank's issued and outstanding
number of shares held by Blizzard by approximately 0.25% on a non-diluted basis and increased the
percentage by approximately 3.31% assuming exercise of all 6,142,858 share purchase warrants held by
Blizzard. Immediately prior to the participation in the private placement, Blizzard had ownership and
control of 14,515,000 common shares and 1,000,000 share purchase warrants of Goldbank, representing
approximately16.14% of the issued and outstanding common shares of Goldbank on a non-diluted basis
and 17.06% when assuming exercise of all 1,000,000 warrants held by Blizzard. Immediately after the
closing of the private placement, Blizzard had ownership and control of 19,657,858 common shares and
6,142,858 share purchase warrants of Goldbank, representing approximately 16.39% of the issued and
outstanding common shares of Goldbank on a non-diluted basis and 20.47% when assuming exercise of
all 6,142,858 warrants held by Blizzard.

Blizzard's purchase of securities in the private placement was made for investment purposes. Blizzard
may in the future wish to increase or decrease its shareholdings in Goldbank as circumstances warrant.
Such circumstances may include but are not limited to compliance with applicable securities laws, general
market and economic conditions, business prospects of Goldbank and investment and business
opportunities available to Blizzard.

The head office of Goldbank is located at 702   889 West Pender Street, Vancouver, BC, V6C 3B2. A
copy of the early warning report for Blizzard filed under National Instrument 62-103 may either be
obtained under Goldbank's profile on www.sedar.com or by contacting Blizzard.

On behalf of the Board of
BLIZZARD FINANCE CORP.

PER: "James Boyce"

James Boyce
President & Director

        The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
 


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