Golden Age Completes Initial Public Offering
900000087-00156565; 1
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
GOLDEN AGE EXPLORATION LTD.
Golden Age Completes Initial Public Offering
January 13, 2023 - Vancouver, B.C.: Golden Age Exploration Ltd. (the “Company”) is pleased to announce
that it has today completed its initial public offering (the “IPO”) of 3,000,000 common shares (the “Shares”)
of the Company, at a price (the “IPO Price”) of $0.10 per Share, for total gross proceeds of $30 0,000. The
Shares are approved to begin trading on the “mining” sector of the Canadian Securit ies Exchange ( the
“Exchange”) under the symbol GDN.
Research Capital Corporation (“Research”) acted as the Company’s agent for the IPO, pursuant to an agency
agreement (the “Agency A greement”) dated July 15, 2022 . Pursuant to the Agency Agreement, the
Company paid to Research (i) a cash commission of $30,000; (ii) a corporate finance fee of $22,500 plus
GST, $10,000 of which was paid in 100,000 Shares; and (iii) agent’s warrants to purchase up to 300,000
Shares at the IPO Price until January 13, 2025 . In addition, the Company has granted Research an over-
allotment option exercisable in whole or in part for 30 calendar days after closing to sell up to an additional
450,000 Shares at the IPO Price to cover over-allocation positions, if any.
The net proceeds from the IPO will be used to fund initial exploration of the Company’s Magic Property, a
gold/silver prospect in central British Columbia, incur exploration expenditu res pursuant to the option
agreement (the “Option Agreement”) dated June 9, 2021, as amended August 2 7, 2021 and S eptember 30,
2022 regarding the Magic Property, and for general operating purposes.
The Company’s shares were listed on the Exchange effective January 12, 2023 and trading is expected to
commence at the opening of the market on Monday, January 16, 2023.
There are currently 10,300,001 common shares issued and outstanding ( 11,895,001 fully diluted assuming
the over-allotment option is exercised in full).
About Golden Age Exploration Ltd.
Golden Age Expl oration Ltd. is engaged in the business of acquisition, exploration and , if warranted ,
development of mineral resource properties. Pursuant to the Option Agreement, the Company has an option
to acquire up to an 80% undivided interest in the mineral claims known as the Magic Property, located in
central British Columbia.
For more information, please refer to the Company’s amended and restated prospectus dated October 17,
2022, available on SEDAR (www.sedar.com), under the Company’s profile or please contact:
Kevin Hanson
Chief Executive Officer
Tel: (604) 969-4070
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
900000087-00156565; 1
Forward-Looking Statements
This news release contains forward -looking statements, which relate t o future events or future performance
and reflect management’s current expectations and assumptions based on information currently available to
the Com pany including, but n ot limited to, the intended use of proceed s from the IPO and the expected
commencement date for trading of the Company’s shares on the Exchange. Readers are cautioned that these
forward-looking statements are neither promises nor guar antees, and are subjec t to risks and uncert ainties
that may cause future res ults to differ materially from those expected. See “Risk Factors” in the Company’s
amended and restated prospectus dated October 17, 2022 available on SEDAR at www.sedar.com. These
forward-looking statements are made as of the date hereof and the Company does not assume any obligation
to update or revise them to reflect new events or circumstances save as required by law.
This new 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 registered under the United States Securities
Act of 1933, as amended (the " U.S. Securities Act"), or any state securities laws and may not b e offered or
sold within the United States or to or for the acc ount or benefit of a U.S. person (as defined in Regulation S
under the U.S. Securities Act) unless registered under the U.S. Secur ities Act and applic able state securities
laws or an exemption from such registration is available.