Subject: Blizzard Finance Corp. - early warning news release
PDF Document
File: Attachment NR EW 2025 02 07 BFC.pdf
BLIZZARD FINANCE CORP.
704 889 West Pender Street Vancouver, BC CANADA V6C 3B2
Tel.: 604.354.9057
February 7, 2025
NEWS RELEASE
Pursuant to: National Instrument 62-103
Blizzard Finance Corp. ("Blizzard") announces that on February 6, 2025, it disposed of ownership of
8,205,569 common shares of Goldbank Mining Corporation ("Goldbank") at a deemed price of $0.20
per share for total deemed proceeds of $1,641,113.93 (the "Disposition") through a private transaction.
The Disposition was made in settlement of a payment of $1,641,113.93 due to be made by Blizzard
pursuant to a settlement agreement entered into by Blizzard, further particulars of which can be found
in Blizzard's news release of February 6, 2025.
Prior to the Disposition, Blizzard had ownership and control of 21,657,858 common shares and
8,142,858 share purchase warrants of Goldbank, representing approximately 11.28% of the issued and
outstanding common shares of Goldbank on a non-diluted basis and 14.89% when assuming exercise
of all 8,142,858 warrants held by Blizzard. The Disposition resulted in Blizzard having ownership and
control, directly and indirectly, of 13,452,289 common shares and 8,142,858 share purchase warrants
of Goldbank, representing approximately 7.01% of the issued and outstanding common shares of
Goldbank on a non-diluted basis, a decrease of approximately 4.27%, and 10.79% assuming exercise
of all 8,142,858 warrants held by Blizzard, a decrease of approximately 4.10%.
Blizzard's Disposition was made for business reasons. 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.sedarplus.ca 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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