Mr. James Boyce reports
$800,000 PRIVATE PLACEMENT
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
Goldbank Mining is a Canadian exploration company actively exploring for gold in the
Klondike goldfields near Dawson City, Yukon, Canada.
We seek Safe Harbor.
© 2023 Canjex Publishing Ltd. All rights reserved.