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Golden Rapture Mining Announces Intention to Complete Private Placement of Flow Through Units and Non-Flow Through Units on June 3, 2024
Edmonton, Alberta June 3, 2024 - TheNewswire: Golden Rapture Mining Corporation (the "Company" or "Golden Rapture") (CSE: GLDR) is pleased to announce that it h
About this update from Golden Rapture Mining Corporation
[{"type":"text","content":"Edmonton, Alberta June 3, 2024 - TheNewswire: Golden Rapture Mining Corporation (the \"Company\" or \"Golden Rapture\") (CSE: GLDR) is pleased to announce that it has completed a non-brokered private placement on June 3, 2024 (the “Private Placement”) of (i) 50,000 FT Units at a price of $0.25 per FT Unit, and (ii) 642,012 NFT Units at a price of $0.18 per NFT Unit. Each FT Unit consisted of one common share of the Company issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant of the Company (each whole warrant, a \"FT Warrant\"). Each FT Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.35 per share for a period for 36 months from June 3, 2024. Each NFT Unit consisted of one non-flow-through common share of the Company and one common share purchase warrant of the Company (each whole warrant, a \"NFT Warrant\"). Each NFT Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.25 per share for a period for 36 months from June 3, 2024. A total of 692,012 Common Shares of the Company, and a total of 642,012 NFT Warrants and 25,000 FT Warrants, were issued in connection with this Private Placement. As of the date of this press release and following the Private Placement, the number of issued and outstanding Common Shares of the Company following the Private Placement is 24,146,871 Common Shares. The common shares of the Company were listed on the Canadian Securities Exchange on March 8, 2024, began trading on March 12, 2024 under the symbol \"GLDR\". No compensation or finders fees were payable pursuant to this Private Placement. There was no insider participation in this Private Placement, with no new insider control position created, nor any materially affect on control of the Company. The Company intends to use the proceeds of the Private Placement for exploration and development of the Company's mineral property interests in NW Ontario, Canada, and for general working capital purposes. The gross proceeds from the issuance of all flow-through shares will be used to incur Canadian Exploration Expenses (\"CEE\"), which will be mostly sampling and drilling and the non-flow-through units for general and administrative costs and unallocated wo...