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, June 5, 2019 – GoldON Resources Ltd. (TSX-V : GLD) (“GoldON” or the
“Company”) is pleased to report it has closed the previously announced no n-brokered private
placement offering of 500,000 flow-through common shares at a p rice of $0.50 per share and
700,000 common shares at a price of $0.45 per share to raise $565,000 in gross proceeds.
The securities are subject to a four-month hold period and may not be traded until October 6,
2019, except as permitted by applicable securities legislation and the TSX Venture Exchange.
The Company paid a finder’s fee of $24,937.50 and 41,562 common shares to Mr. Scott Baxter
in respect of the offering.
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 focused on discovery-stage pro perties located in the prolific
gold mining belts of northwestern Ontario, Canada. Active proje cts include the West Madsen
property in the Red Lake Gold Cam p and our flagship Slate Falls project in the Patricia Mining
Division where 18 Au-Ag mineralized zones have been identified over the 7-kilometre breadth of
the property. GoldON has 13,783,220 shares issued and is fully funded to complete its
spring/summer work programs.
For additional information pleas e visit our website and view ou r latest presentation by clicking
here or contact Michael Romanik.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: [email protected]
###
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.