Standard & Poor’s Listed
12g3-2(b): 82-4000
Standard & Poor’s Listed
TSX Venture Exchange: GLB
OTC: GLBKF
February 21, 2023
PRIVATE PLACEMENT INCREASED TO $1,000,000
Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to announce that it is increasing
its private placement financing announced on January 19, 2023 to up to $ 1,000,000 comprised of
the sale of up to 20,000,000 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 an exemption from the related party
requirements of MI 61 -101 for the possible participation by control persons an d 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. Units will entitle holders
to receive the tax benefits applicable t o 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 thereto. 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.