Goldhills Announces Closing of Private Placement Offering
GOLDHILLS HOLDING LTD.
400 - 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
May 12, 2020
TSX.V Symbol: GHL
GOLDHILLS ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING
Vancouver, BC/ May 12, 2020 Goldhills Holding Ltd. (TSX-V: GHL) (FRANKFURT: GRYA) ( (the
"Company") announces that it has now closed its previously announced private placement (see n ews
release dated April 15, 2020), issuing 2,668, 100 common shares (“Shares”) to subscribers of the
Company at a price of $0.075 per Share for total proceeds of $200,100.
All Shares issued in connection with the offering will be subject to a four ‐month statutory hold period
expiring on September 9, 2020.
The proceeds of the offering will be used to settle outstanding indebtedness and for general working
capital purposes.
Goldhills Holding Ltd.
Sergei Stetsenko
CEO and Director
Phone: +380673522641
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.
Forward-Looking Statements: This rel ease may contain forward- looking statements based on
management's expectations, estimates and projections. All statements that address expectations or
projections about the future. Some of the forward-looking statements may be identified by words like
"expects", "anticipates", "plans", "intends", "projects", "indicates", and similar expressions. These
statements are not guarantees of future performance and involve a number of risks, uncertainties
and assumptions. Many factors, including those discussed more fully elsewhere in this release and
in documents which may be filed on SEDAR or other applicable platforms that could cause results
to differ materially from those stated. These factors include, but are not limited to changes in the
laws, regulations, policies and economic conditions, including inflation, interest and foreign currency
exchange rates, of countries in which the Company does business; competitive pressures; regulatory
approval and market acceptance.