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Golden Pursuit Resources Ltd (2)
Symbol GDP
Shares Issued 42,781,800
Close 2025-01-24 C$ 0.185
Market Cap C$ 7,914,633
Recent Sedar Documents

Golden Pursuit expects to resume trading on TSX-V

2025-04-03 20:12 ET - News Release

Subject: GDP NR Resumption of trading and Corporate Updated (April 3 2025).pdf PDF Document

File: Attachment GDP NR Resumption of trading and Corporate Updated (April 3 2025).pdf

GOLDEN PURSUIT RESOURCES LTD. 652 Millbank

Vancouver, B.C. V5Z 4B7

NEWS RELEASE

GOLDEN PURSUIT REINSTATEMENT OF TRADING AND CORPORATE UPDATE

April 3, 2025 Symbol: GDP

Golden Pursuit Resources Ltd., is pleased to announce that the TSX Venture Exchange (the "TSXV") has accepted its application for reinstatement of trading of the Company's common shares on the TSXV. This follows the successful resolution of the Failure-to-File Cease Trade Order (the "FFCTO") issued by the British Columbia Securities Commission (the "BCSC") on February 3, 2025, and revoked on February 10, 2025. The Company expects its common shares to be reinstated for trading shortly.

The FFCTO was issued as a result of the delay in the filing of the Company's annual audited financial statements for the year ended September 30, 2024. Upon the revocation of the FFCTO, the Company applied to the TSXV to have its common shares reinstated for trading.

The Company acknowledges and appreciates the patience of its shareholders and stakeholders during this process and reaffirms its commitment to adhering to high standards of compliance and corporate governance.

As at September 30, 2024, the Company had a working capital deficiency of $341,088. This deficiency was eliminated by a debt postponement agreement dated effective December 31, 2024 by Brian McClay, President, CEO and Director, postponing repayment debt of $450,000 owed to him to April 1, 2027.

The Company also announces that it has entered into a loan agreement dated December 31, 2024 with Kathleen McClay, daughter of Brian McClay and an insider of the Company by reason of holding more than 10% of the issued shares of the Company, for $87,500 representing past cash advances to the Company to fund the Company's working capital. The loan is interest free, payable on demand and can be prepaid at anytime without penalty. The Company has entered into agreements with Trinity West Stables Ltd., a company owned by Kathleen McClay, for an office rental agreement of $1,500 per month and truck rental agreement for $750 per month, which agreement began in 2016.

GOLDEN PURSUIT RESOURCES LTD.

Per: "Brian McClay" Brian McClay, President

CONTACT INFORMATION:

Brian McClay Email: bmcclay@aol.com Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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