02:39:39 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Goldbank Mining Corp (2)
Symbol GLB
Shares Issued 119,922,655
Close 2023-04-06 C$ 0.065
Market Cap C$ 7,794,973
Recent Sedar Documents

Goldbank investor Beruschi acquires four million units

2023-04-12 01:52 ET - News Release

Mr. Anthony Beruschi, a shareholder, reports

EARLY WARNING PRESS RELEASE RE GOLDBANK MINING CORPORATION

On April 6, 2023, Anthony Beruschi acquired direct and indirect ownership of a total of four million units of securities of Goldbank Mining Corp. at a price of five cents per unit for total consideration of $200,000 pursuant to a non-brokered private placement offering. Each unit is composed of one common share and one five-year transferable warrant entitling the holder to purchase one additional share at a price of 6.5 cents per share. Mr. Beruschi's participation in the private placement decreased the percentage of Goldbank's issued and outstanding common shares held by Mr. Beruschi by approximately 2.6 per cent on a non-diluted basis and decreased by 1.7 per cent assuming the exercise of all warrants held by Mr. Beruschi. Immediately prior to participation in the private placement, Mr. Beruschi had ownership and control, directly and indirectly, of 46,150,967 common shares and 12,285,714 share purchase warrants of Goldbank, representing approximately 38.48 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and 44.20 per cent when assuming exercise of all 12,285,714 warrants held by Mr. Beruschi. Immediately after participation in the private placement, Mr. Beruschi had ownership and control, directly and indirectly, of 50,150,967 common shares and 16,285,714 share purchase warrants of Goldbank, representing approximately 35.84 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and 42.53 per cent when assuming exercise of all 16,285,714 warrants held by Mr. Beruschi.

Mr. Beruschi's acquisition of securities was made for investment purposes. Mr. Beruschi may, in the future, wish to increase or decrease his 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 Mr. Beruschi.

A copy of the early warning report for Mr. Beruschi filed under National Instrument 62-103 may either be obtained under Goldbank's profile on SEDAR or by contacting Mr. Beruschi.

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