Business
Golden Cross Announces C$3M Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Golden Cross Resources (TSXV: AUX) (OTCQB: ZCRMF) (FSE: ZMLO) ("Golden Cross" or the "Company") is pleased to announce a non-brokered private placement to raise gross proceeds of up to C$3.0M (the "Offering").The Offering will consist of units at a price of $0.17 per unit (the "Units"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one half of one common share purchase warrant (each whole...
About this update from Golden Cross Resources Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Golden Cross Resources (TSXV: AUX) (OTCQB: ZCRMF) (FSE: ZMLO) ("Golden Cross" or the "Company") is pleased to announce a non-brokered private placement to raise gross proceeds of up to C$3.0M (the "Offering").","length":317,"tagName":"p"},{"type":"text","content":"The Offering will consist of units at a price of $0.17 per unit (the "Units"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.30 per Share for a period of two years from closing of the Offering.","length":434,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds of the Offering for exploration drilling and development of the Company's Reedy Creek high-grade gold project located in Victoria, Australia.","length":185,"tagName":"p"},{"type":"text","content":"Golden Cross may pay finder's fees on some portion of the gross proceeds of the Offering to certain arms-length parties who assist the Company in introducing subscribers to the Offering. The Offering is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering.","length":494,"tagName":"p"},{"type":"text","content":"Members of the Company's management team may participate in the Offering including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation of management in the Offering is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.","length":477,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be re...