Mr. Anthony Beruschi, a shareholder, reports
EARLY WARNING PRESS RELEASE RE GOLDBANK MINING CORPORATION
On Oct. 19, 2023,
Anthony Beruschi acquired direct
ownership of a total of 25 million units of securities of Goldbank Mining Corp. at a
price of five cents per unit for total consideration of $1.25-million 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 increased the percentage of Goldbank's issued and outstanding
common shares held by Mr. Beruschi by approximately 8.4 per cent on a non-diluted basis and increased by
approximately 11.6 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
50,150,967 common shares, 16,285,714 share purchase warrants and 6,996,000 options of Goldbank,
representing approximately 35.8 per cent of the issued and outstanding common shares of Goldbank on a non-diluted basis and 45.0 per cent when assuming exercise of all 16,285,714 warrants and 6,996,000 options held
by Mr. Beruschi. Immediately after participation in the private placement, Mr. Beruschi had ownership
and control, directly and indirectly, of 75,150,967 common shares, 41,285,714 share purchase warrants
and 6,996,000 options of Goldbank, representing approximately 44.2 per cent of the issued and outstanding
common shares of Goldbank on a non-diluted basis and 56.6 per cent when assuming exercise of all 41,285,714
warrants and 6,996,000 options 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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