GoldON Arranges Private Placement Financing Proceeds to be used for 2020 exploration programs at Slate Falls, West Madsen, and Bruce Lake Projects
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Arranges Private Placement Financing
Proceeds to be used for 2020 exploration programs at Slate Falls, West Madsen,
and Bruce Lake Projects
VICTORIA, BC, February 10, 2020 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the
“Company”) is pleased to announce that it has arranged a non-brokered private placement of 700,000 flow-
through shares at a price of $1.00 per share with qualified investors to raise $700,000.
Completion of this financing is subject to TSX Venture Exchange acceptance. The Company has agreed to
pay a finder’s fee of up to 6% cash and 6% agent’s warrants on subscription proceeds. Each agent’s warrant
will entitle the holder to purchase one non-flow-through share of the Company at a price of $1.00 for a
period of two years from the closing date. All securities issue d pursuant to this offering will have a hold
period expiring four months after the closing date.
The Company will use the proceeds of the financing to fund its initial 2020 exploration programs. Analytical
results are forthcoming from the recent Slate Falls drilling pr ogram and the West Madsen soil-gas-
hydrocarbon survey. Once those results are received and interpr eted, details of the next phase of work at
both projects will be provided.
About GoldON Resources Ltd.
GoldON is an exploration company focused on discovery-stage properties located in the prolific gold mining
belts of northwestern Ontario, Canada. Active projects include: the West Madsen property in the Red Lake
Gold Camp, an option/JV with Great Bear Resources; the Bruce La ke property that adjoins BTU Metals’
Dixie Halo property and their TNT Target; and our flagship Slat e Falls project in the Patricia Mining
Division, where 18 Au-Ag mineralized zones have been identified over the 13-km breadth of the property.
GoldON has 15,708,432 shares issued.
For additional information: visit our website at https://goldonresources.com, you can download our latest
presentation by clicking here and you can follow us on Twitter at https://twitter.com/GoldONResources.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: [email protected]
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Neither TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.