Vancouver, British Columbia–(Newsfile Corp. – April 9, 2021) – Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDM) (FSE: 6NN) (the “Firm” or “IGLD“) proclaims it accomplished the previously-announced non-brokered non-public placement for gross proceeds of $2,800,000 (the “Non-public Placement“).
The financing resulted within the issuance of 11,200,000 items (every a “Unit“) at a worth of $0.25 per Unit. Every Unit is comprised of 1 frequent share and one-half of 1 frequent share buy warrant (every entire warrant, a “Warrant“). Every Warrant entitles the holder to buy one further frequent share of the Firm at a worth of $0.42 per share for a interval of two years from the date of issuance.
In reference to the Non-public Placement, the Firm paid combination money finders’ charges of $59,285 and issued an combination of 263,040 finder warrants (the “Finder Warrants“) to eligible finders, with the Finder Warrants having the identical phrases and situations because the Warrants.
Insiders of the Firm bought an combination of 304,200 Items within the Non-public Placement. The Firm has relied on the exemptions from the valuation and minority shareholder approval necessities of Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101“) contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.
All securities issued pursuant to the Non-public Placement might be topic to a four-month maintain interval from the date of issuance. Completion of the Non-public Placement is topic to the approval of the Canadian Securities Trade.
Not one of the Shares or Warrants have been or might be registered beneath the USA Securities Act of 1933, as amended, or the securities legal guidelines of any state of the USA, and might not be provided or bought in the USA absent registration or an relevant exemption from the registration necessities. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of the securities, in any jurisdiction by which such provide, solicitation or sale would require registration or in any other case be illegal.
About Golden Independence Mining Corp.
Golden Independence Mining Corp. is an exploration firm at present centered on exploring the advanced-stage Independence Gold Property positioned within the Battle Mountain-Cortez Development, Nevada and the Champ valuable steel property close to Castlegar, British Columbia. The Independence Gold Property advantages from over US$25 million in previous exploration, together with over 200 holes drilled, and is positioned adjoining to Nevada Gold Mines’ Phoenix-Fortitude mining operations within the Battle Mountain-Cortez development of Nevada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christos Doulis, Chief Govt Officer
Ahead Trying Data
This press launch incorporates forward-looking data (throughout the which means of relevant Canadian securities laws) that entails varied dangers and uncertainties relating to future occasions. Such forward-looking data consists of statements based mostly on present expectations involving quite a few dangers and uncertainties and such forward-looking statements aren’t ensures of future efficiency of the Firm, and embody, with out limitation, statements relating to completion of the Non-public Placement. There are quite a few dangers and uncertainties that might trigger precise outcomes and the Firm’s plans and targets to vary materially from these expressed within the forward-looking data on this information launch, together with with out limitation, the next dangers and uncertainties: (i) the danger that the Canadian Securities Trade is not going to settle for the phrases of the Non-public Placement; (ii) the danger that the Firm will be unable to find appropriate purchasers for the Non-public Placement; and (iii) administration’s discretion relating to using proceeds. Precise outcomes and future occasions might differ materially from these anticipated in such data. This forward-looking data is predicated on estimates and opinions of administration on the date hereof and is expressly certified by this discover. Dangers and uncertainties concerning the Firm’s enterprise are extra absolutely mentioned within the Firm’s disclosure supplies filed with the securities regulatory authorities in Canada at www.sedar.com. The Firm assumes no obligation to replace any forward-looking data or to replace the the reason why precise outcomes might differ from such data except required by relevant legislation.