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Golden Rapture Mining Amends Option Agreement on its Phillips Township Property
Edmonton, Alberta – TheNewswire - June 24, 2025 – Golden Rapture Mining Corporation (CSE: “GLDR”) is pleased to announce that its board of directors has approve
About this update from Golden Rapture Mining Corporation
[{"type":"text","content":"Edmonton, Alberta – TheNewswire - June 24, 2025 – Golden Rapture Mining Corporation (CSE: “GLDR”) is pleased to announce that its board of directors has approved the amendment of the option agreement on its Phillips Township property located in the Rainy River District, NW Ontario. The Company and the property vendors have both agreed to amend the original property option agreement terms: WHEREAS: The parties agree to amend the terms of the remaining two payments, which were originally: $45,000 and 200,000 shares on 3rd anniversary on or before Sept. 25, 2025. $50,000 and 250,000 shares on 4th anniversary on or before Sept. 25, 2026. NEW TERMS: The new amended payment schedule is shown below: $10,000 and 500,000 shares on 3rd anniversary on or before Sept. 25, 2025. $10,000 and 500,000 shares on 4th anniversary on or before Sept. 25, 2026. All other terms of the original agreement will remain the same. Richard Rivet said: “We are pleased to have successfully negotiated these new amendments to our Phillips Township property option agreement, which will save the company $75,000 in cash payments. We are also waiting for the results of our recent surface sampling program, which was recently completed with 73 samples sent to the Agat Lab in Thunder Bay. The program tested areas where strong linear anomalies were identified throughout the project area, with the strongest anomalies occurring in the northeast corner. We expect to receive the results next week.” Qualified Person The technical and scientific information in this news release has been reviewed and approved by John Archibald, P.Geo., Exploration Manager of Golden Rapture, who is a Qualified Person as defined by NI 43-101. About Golden Rapture Mining Corporation Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential assets. The company’s Phillips Township Property is located in the Rainy River District of NW Ontario. It is comprised of 10,000+ acres of highly prospective past-producing high-grade gold systems with a total of 18 mine shafts on the property. Golden Rapture has was listed for trading on the CSE on March 8, 2024, and the current number of issued and outstanding shares is 37,469,390. The Canadian Securities Exchange has not reviewed or approved the contents ...