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Golden Birch Resources Inc. Announcing Closing of Upsized $533,500 Non-Brokered Private Placement
TIMMINS, ON / ACCESSWIRE / January 4, 2021 / Golden Birch Resources Inc. (CSE:GBRX) ("Golden Birch" or the "Company") is pleased to announce that it has closed
About this update from Loyalist Exploration Limited
[{"type":"text","content":" TIMMINS, ON / ACCESSWIRE / January 4, 2021 / Golden Birch Resources Inc. (CSE:GBRX) (\"Golden Birch\" or the \"Company\") is pleased to announce that it has closed its previously announced non-brokered private placement financing (the \"Offering\"), composed of the sale of 3,556,666 units (\"Units\") at a price of CAD$0.15 per Unit, for aggregate gross proceeds of $533,500, which includes an upsize from the original amount of $500,000. Each Unit is composed of one common share of the Company (\"Common Share\") and one Common Share purchase warrant (\"Warrant\"). Each whole Warrant entitles the holder to purchase one Common Share at a price of CAD$0.20 per Common Share until the date which is five (5) years from the date of issuance. In connection with the Offering, the Company has agreed to pay to eligible finders a commission of C$900 and 6,000 broker warrants to purchase Units (\"Broker Warrants\"), with each whole Broker Warrant entitling the holder to purchase one additional Unit at price C$0.15 per Unit, for a period of five (5) years from the date of issuance. The Company intends to use the net proceeds from the Offering for exploration on the Keveri property and for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange and applicable securities regulatory authorities. All securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period. About Golden Birch Resources Inc. Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea. Golden Birch continues to maintain and develop strong relationships with the local community and landowners that was initiated by Papuan Minerals Ltd. The Company is also committed to the safety of its employees and consultants and respect for the environment. For further information please visit the Company's website at www.goldenbirchresources.ca or contact:Iain MartinChief Administrative Officer & Executive DirectorE: [email protected]: 1.705.288.0249 Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the polic...