GoldON Closes Private Placement Financing
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Closes Private Placement Financing
VICTORIA, BC, March 12, 2019 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or
the “Company”) is pleased to report that it has closed its previously-announc ed non-brokered
private placement of 3,000,000 units at a price of $0.15 per un it to raise $450,000 in gross
proceeds. Each unit consisted of one common share and one non-t ransferable share purchase
warrant. Each warrant entitles th e holder to purchase one addit ional common share of the
Company at a price of $0.20 per share until March 11, 2021.
The securities are subject to a four-month hold period and may not be traded until July 12, 2019,
except as permitted by applicable securities legislation and the TSX Venture Exchange.
The Company paid an aggregate of $17,505 in finders’ fees in re spect of the offering to Leede
Jones Gable Inc., Sherbrooke Street Capital Inc., Stephen Avenu e Securities Inc., Canaccord
Genuity Corp. and 1544230 Ontario Inc.
The net proceeds of this financing will be used to fund the Com pany’s exploration and
development work in Ontario, Canada and for general working capital purposes.
About GoldON Resources Ltd.
GoldON is an exploration company geographically focused on disc overy-stage properties located
in the prolific gold mining belts of Ontario, Canada. The Compa ny’s flagship project is the Slate
Falls property in northwestern Ontario where at least 18 Au-Ag mineralized zones have been
identified over 7 kilometers o f the property. Slate Falls is fu lly permitted for exploration and
drilling. GoldON currently has 11,954,370 shares issued. To lea rn more about the Company visit
our website and view our latest presentation by clicking here.
For additional information contact Michael Romanik.
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.