Standard & Poor’s Listed
12g3-2(b): 82-4000 Standard & Poor’s Listed
TSX Venture Exchange: GLB OTC: GLBKF
September 19, 2023
EXPLORATION FINANCING
Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) announces a private placement financing comprised of the sale of 30,000,000 units at $0.05 per unit. Each unit consists of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of $0.065 per share for five years. Goldbank is relying on exemptions from the related party requirements of MI 61-101 for the participation by a control person of Goldbank in the financing for up to $1,250,000 approved in advance by independent directors. A portion of the financing is on a flow-through basis. Flow-through units entitle holders to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada) for shares issued including on the exercise of warrants. Proceeds of the financing will be used for exploration and development of Goldbank’s Klondike gold properties including costs related thereto and for debt payments and working capital. The financing is subject to acceptance for filing by the TSX Venture Exchange.
Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the historic Klondike Goldfields near Dawson City, Yukon, Canada.
For further information please e-mail [email protected].
GOLDBANK MINING CORPORATION
PER: “James Boyce” Suite 702 – 889 West Pender Street Vancouver, BC CANADA V6C 3B2 JAMES BOYCE Telephone: 604.683.3288 President & CEO Toll Free: 1.888.880.2288 Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.