Mr. Brian McClay reports
GOLDEN PURSUIT RESOURCES COMPLETES PRIVATE PLACEMENT
Golden Pursuit Resources Ltd. has completed its non-brokered private placement, issuing 731,000 non-flow-through units for proceeds of $219,300 and 1,407,143 flow-through units for proceeds of $492,500. Total funds received for this financing are $711,800, which will be used for its 2026 exploration and development at its Gordon Lake Northwest Territories project, as well as general working capital.
Each non-flow-through unit consists of one non-flow-through common share and one non-flow-through warrant. Each whole warrant entitles the holder to purchase one common share at a price of 35 cents per share for a period of one year from issuance.
Each flow-through unit consists of one flow-through common share and one flow-through warrant. Each whole warrant entitles the holder to purchase one flow-through common share at a price of 40 cents per share for a period of one year from issuance.
All securities issued in connection with the private placement will be subject to a four-month statutory hold period.
No finders' fees were paid in connection with this issue.
The private placement proceeds will be used to conduct exploration programs on the company's mineral properties at Gordon Lake in the NWT and for general corporate purposes.
About Golden Pursuit Resources Ltd.
Golden Pursuit is a Canadian-based mineral exploration company focused on the acquisition, consolidation and exploration of precious metal properties in the Northwest Territories and Nevada. The company currently holds multiple claim groups and is advancing exploration programs to define and expand mineralized zones.
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