Standard & Poor’s Listed
12g3-2(b): 82-4000
Standard & Poor’s Listed
TSX Venture Exchange: GLB
OTC: GLBKF
December 8, 2022
PRIVATE PLACEMENT INCREASED TO $1,000,000
Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to announce it is increasing its
private placement financing announced on December 6, 2022 to up to $1,000,000, comprised of the
sale of up to 20,000,000 units at $0. 05 per unit. All other terms of the financing remain the same.
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 $0.055 per share for five years. Goldbank is
relying on an exemption from the related party requirements of MI 61 -101 for 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 will be issued on a flow -
through basis. Units will entitle holders to receive the tax benefits applica ble 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 relat ed thereto. 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
historic 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 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 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 titles,
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.