23:41:01 EDT Sun 26 Mar 2023
Enter Symbol
or Name

Goldbank Mining Corp (2)
Symbol GLB
Shares Issued 119,922,655
Close 2023-01-09 C$ 0.065
Recent Sedar Documents

Goldbank Mining arranges $800,000 private placement

2023-01-19 15:58 ET - News Release

Mr. James Boyce reports


Goldbank Mining Corp. has agreed to a private placement financing of up to $800,000 comprising the sale of up to 16 million units at five cents per unit. Each unit consists of one common share and one transferable warrant, with each such warrant entitling the holder to purchase one additional share at a price of 6.5 cents per share for five years. Goldbank is relying on an exemption from the related party requirements of MI 61-101 for the possible participation by control persons and other insiders of Goldbank in the financing, which participation only occurs following approval in advance by independent directors. A portion of the financing is on a flow-through basis. Units will entitle holders to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada). Proceeds of the financing will be used for payment of debt, working capital and for exploration and development of Goldbank's Klondike properties, including costs related thereto. A finder's fee may be paid on a portion of the financing. The financing is subject to acceptance for filing by the TSX Venture Exchange.

Goldbank Mining is a Canadian exploration company actively exploring for gold in the Klondike goldfields near Dawson City, Yukon, Canada.

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