Standard & Poor’s Listed
12G3-2(b): 82-4000
Standard & Poor’s Listed
TSX Venture Exchange: GLB
OTC: GLBKF
July 18, 2017
$750,000 PRIVATE PLACEMENT FINANCING CLOSED
Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) has closed its $750,000 private placement
comprised of 10,000,000 units at $0.075 per unit. Each unit consists of one common share and one-
half of one three -year transferable warrant with one warrant entitling the holder to purchase one
additional share at a price of $0. 15 per share. $336,250 was issued on a flow -through basis. The
flow-through shares comprising the 4,483,334 flow-through units and 2,241,667 flow-through shares
issuable upon exercise of the warrants comprising the flow -through units will entitle holder s to
receive the tax benefits applicable to flow -through shares in accordance with provisions of the
Income Tax Act (Canada).
The subscription by two insiders of Goldbank, for 5,600,000 units or $ 420,000, comprising 56% of
the total amount raised, constitute s a related party transaction within the meaning of TSX Venture
Exchange Policy 5.9 and Multilateral Instrument 61 -101 Protection of Minority Security Holders in
Special Transactions (“MI 61 -101”). Goldbank is relying on the exemptions contained in sections
5.5(a) and section 5.7(1)(a) as the fair market value of the participation in the private placement by
the two insiders does not exceed 25 per cent of the market capitalization of Goldbank, as
determined in accordance with MI 61 -101. Goldbank’s board of directors and s pecifically the
independent members of the board , as applicable, carefully reviewed and approved the private
placement subscriptions by the insiders. Goldbank did not file a material change report in respect of
the related party transaction at least 21 day s before closing of the private placement as the date of
closing was not previously known.
The flow-through proceeds will be used for exploration on Goldbank’s Leota claims in the Klondike
Goldfields, Yukon Territory, Canada. Non-flow-through proceeds will be used for working capital and
repayment of existing liabilities. The terms of the financing have been accepted for filing by the TSX
Venture Exchange. The units are restricted from trading until November 19, 2017.
Goldbank Mining Corporation is a Ca nadian 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: 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 which we have no
right to explore or mine. We advise U. S. investors that the SEC's mining guidelines strictly prohibit information of this type 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. Th is 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 titles,
potential mineral recovery processes, etc. Forw ard-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.