Standard & Poor’s Listed
12g3-2(b): 82-4000
Standard & Poor’s Listed
TSX Venture Exchange: GLB
OTC: GLBKF
June 9, 2022
GOLDBANK PROCEEDING WITH $2,100,000 PRIVATE PLACEMENT
Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to announce that it is proceeding
with its private placement financing of units to raise up to $2,100,000 announced on March 14, 2022.
The units have been repriced from $0.06 to $0.07 per unit and the exercise price of the warrants has
been increased from $0.08 to $0.095. Accordingly, the private placement financing is now comprised
of the sale of up to 30,000,000 units at $0.07 per unit with each unit consisting of one common share
and one transferable warrant, each such warrant entitling the holder to purchase one additional
share at a price of $0. 095 per share for five years. Goldbank is relying on an exemption from the
related party requirements of MI 61 -101 for the possible participation by control persons and other
insiders of Goldbank in the financing which participation only occur s following approval in advance
by independent directors. A portion of the financing is on a flow -through basis. Flow-through units
will entitle holders to receive the tax benefits applicable to flow-through shares in accordance with
provisions of the Income Tax Act (Canada). Proceeds of the financing will be used for payment of
debt, working capital and for exploration and development of Goldbank’s Klondike properties
including costs related the reto. A finder ’s fee may be paid on a portion of the financing. 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
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 wh ich we have no
right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this typ e 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 ti tles,
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.