Golden Pursuit Announces Financing
GOLDEN PURSUIT RESOURCES LTD.
652 Millbank
Vancouver, B.C. V5Z 4B7
NEWS RELEASE
GOLDEN PURSUIT ANNOUNCES FINANCING
October 11, 2022 Symbol: GDP
Vancouver, B.C., Canada, October 11, 2022 – Golden Pursuit Resources Ltd. (the
“Company”) announces that it will offer up to 2,400,000 non flow -through units at the price of
$0.125 per unit raising up to $300,000 where each unit consists of one common share and one
share purchase warrant for the purchase of one common share for the price of $0.15 and having
an exercise period of two (2) years and up to 3,333,333 flow-through units at the price of $0.15
per unit raising up to $500,000 where each unit consists of one common share and one share
purchase warrant for the purchase of one common share for the price of $0.20 and having an
exercise period of two (2) years. The flow-through funds shall be used for exploration and the
non-flow-through funds will be used for both exploration and general working capital. The
Company shall pay finders fees comprised of a combination of cash and warrants.
The flow-through shares will qualify as “flow-through shares” for the purposes of the Income
Tax Act (Canada) (the “Act”). The Proceeds of the flow-through private placement will be used
to incur “Canadian exploration expense” (within the meaning of the Act).
Proceeds of the Private Placement will be used for project generative activities, and general
working capital.
All securities issued will be subject to a four month hold period which will expire on the date
that is four months and one day from the date of issue.
The foregoing is subject to the approval of the TSX Venture Exchange.
GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President
CONTACT INFORMATION:
Brian McClay
Email: [email protected]
Tel: (604) 730-6982
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.