Golden Hope Mines Limited Announces Closing of Non-Brokered Private Placement Financing and Other Matters

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[{"type":"text","content":"Golden Hope Mines Limited Announces Closing of Non-Brokered Private Placement Financing and Other Matters(via TheNewswire)\n \n \nNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.\n\n\n \nJune 10, 2019 / TheNewswire / Golden Hope Mines Limited (TSXV: GNH; FRANKFURT: 6G01; OTCBB: GOLHF); (the \"Company\" or \"Golden Hope\") is pleased to announce that it has closed the non-brokered private placement announced on May 23, 2019. The Company has issued 6,200,000 units at a price of $0.06 per unit, for gross proceeds of $372,000. Each unit consists of one common share and a full warrant which entitles its holder to purchase one common share of the Company at $0.12 for a 36-month period after the closing date of the private placement.\n\n\n \nThere were no fees paid in connection to this financing. Frank Candido, a director of the company subscribed for $12,000 or 200,000 units.\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. The net proceeds of the financing will be used for business development purposes, payment of the debt settlement amounts referenced below and general working capital. \n\n\n \nThe financing is subject to the final acceptance of the TSX Venture Exchange.\n\n\n \nDebt Settlement\n\n\n \nGolden Hope also wishes to announce that it has entered into a debt settlement agreement with two creditors (the \"Creditors\") pursuant to which the Company will pay $47,000 to the Creditors in full and final satisfaction of an approximate amount of $157,000 owing to the Creditors with respect to prior services rendered.\n\n\n \nIn addition, Golden Hope has also entered into a debt settlement agreement with 9132-8757 Quebec Inc., a company wholly owned by Frank Candido, President and Director pursuant to which the Company will pay $34,492.50 in full and final satisfaction of an approximate amount of $114,975 owing with respect to prior services rendered.\n\n\n \nThe debt settlement transactions are subject to the final acceptance of the TSX Venture Exchange.\n\n\n \nCorporate Name Change to be Voted Upon at the AGM\n\n\n \nGolden Hope has recommended that its shareholders vote FOR and in favour of a name change of the Company from Golden Hope Mines Limited to Delta Resources ...

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