Golden Pursuit Completes Second and Final Tranche Financing
GOLDEN PURSUIT RESOURCES LTD.
652 Millbank Vancouver, B.C. V5Z 4B7
NEWS RELEASE
GOLDEN PURSUIT COMPLETES SECOND AND FINAL TRANCHE FINANCING
September 3, 2025 Symbol: GDP (TSX-V)
Vancouver, B.C., Canada, September 3, 2025 – Golden Pursuit Resources Ltd. (the “Company”) announces that it has completed its second and final tranche of its private placement issuing 180,000 flow-through units (each, a “FT Unit”) for an aggregate of $45,000 previously announced on June 5, 2025 and July 17, 2025. The Company has raised a total of $495,000 and issued 1,180,000 FT Units at $0.25 and 1,000,000 non-flow through units (each, a “NFT Unit”) at $0.20 from both tranches.
Each FT Unit consists of one flow-through common share and one-half of one flow-through share purchase warrant, which each whole warrant will entitle the holder to purchase one flow-through common share at the price of $0.30 per share for a period of two (2) years. Each NFT Unit consists of one common share and onehalf of one non-flow through share purchase warrant, which each whole warrant will entitle the holder to purchase one common share at the price of $0.25 for a period of two (2) years.
The private placement proceeds will be used to conduct exploration programs on the Company's mineral properties at Gordon Lake, located in the NWT, and for general corporate purposes.
No finder’s fees were paid in connection with this issue.
An Insider of the Company has participated in the foregoing offering which constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization.
The Private Placement is subject to final Exchange approval. All securities issued in the Private Placement will be subject to a four-month hold period expiring December 26, 2025.
GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President
For further information, please contact:
Golden Pursuit Resources Inc.
Tel: 604-730-6982 Email: [email protected]
Renmark Financial Communications Inc.
Ben Ozerkevich: [email protected] Tel: (416) 644-2020 or (212) 812-7680 www.renmarkfinancial.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.