Golden Hope Announces Private Placement and Closes First Tranche

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[{"type":"text","content":"Golden Hope Announces Private Placement and Closes First Tranche(via Thenewswire.ca)\n\n \nTheNewswire / July 28, 2016 - Golden Hope Mines Limited (TSX-V: GNH; Pink Sheets: GOLHF Frankfurt: 6G01) (the \"Company\" or \"Golden Hope\") wishes to announce a non-brokered private placement financing to raise up to $1.3 Million from eligible participants through the sale of up to 7,222,222 units of the Company at a price of $0.18 per unit. Each unit will consist of one common share and one share purchase warrant exercisable for up to 24 months from closing at $0.35. \n\n \n \nThe Company reserves the right to modify the size of the private placement or to modify the type, nature and/or price of the units for any reason. The offering and any modification to it are subject to compliance with applicable securities laws and approval of the TSX Venture Exchange. The Company may pay finders' fees in accordance with the policies of the TSX Venture Exchange. The net proceeds of the financing will be used for business development purposes and general working capital. Any shares issued will be subject to a four month plus one day hold period.\n\n \n \nGolden Hope Closes First Tranche\n\n \n \nGolden Hope also announces it has received regulatory approval and closed a first tranche of the private placement. The Company has issued 2,372,555 units of common shares at a price of $0.18 per unit, for gross proceeds of $427,059.90. Each unit consists of one common share priced at $0.18 and a warrant to purchase a common share of the Company. Each warrant entitles its holder to purchase one common share of the Company at $0.35 for a 24-month period after closing of the private placement. \n\n \n \nA Director of the company subscribed for $10,080 or 56,000 units.\n\n \n \nThe Company paid intermediary fees of $15,768, along with 87,600 compensation options entitling their holders to purchase 87,600 common shares of the Company at a price of $0.18 per share for a 24-month period following the closing of the private placement. \n\n \n \nAll the securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement. \n\n \n \nThe net proceeds of the financing will be used for business development purposes and general working capital. \n\n \n \nThis news release does not...

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