GoldON Closes Private Placement Financing
FOR IMMEDIATE RELEASE
GoldON Closes Private Placement Financing
VICTORIA, BC – March 27, 2025 – GoldON Resources Ltd. (TSX -V: GLD) (“GoldON” or
the “Company”) is pleased to announce that it has closed the second and final $150,000 tranche
of its previously announced non-brokered private placement financing with qualified investors of
16,000,000 units (the “Units”) for gross proceeds of $400,000 (the “Offering”).
In its second and final tranche, the Company issued 6,000,000 Units at a price of $0.025 per Unit.
Each Unit consists of one common share and one transferable share purchase warrant (the
“Warrant”) that will entitle the holder to purchase one additional common share of the Company
at a price of $0.05 per share for two years from the closing date. All shares issued in respect of this
tranche will be subject to a hold period expiring July 28, 2025.
If at any time after the date of issuance of the Warrants, the closing price of the Company’s common
shares on the TSX Venture Exchange is at or above $0.20 per share for a period of 10 consecutive
trading days (the “Triggering Event”), the Company may elect to accelerate the expiry date of the
Warrants by delivering notice to the Warrant holders and issuing a news release announcing the
Triggering Event. The Warrants will expire on the 30th calendar day after the later of the date of
such notice and the date of issuance of such news release.
The Company expects it will use up to $200,000 of the proceeds of the Offering to fund work at
its 100%-owned Slate Falls Gold-Silver Property and the remainder for general working capital
purposes. Management estimates that not more than 10% of the proceeds will be used for investor
relations expenses and not more than 20% of the proceeds will be used for payments to non-arm’s
length parties. Completion of this Offering is subject to TSX Venture Exchange acceptance.
About GoldON Resources Ltd.
GoldON is a mineral exploration company focused on discovery -stage properties. Our goal is to
add value by defining or redefining the exploration opportunity, maintain ownership control during
the value creation phase of discovery, and then source a well -financed partner capable of
accelerating discovery, resource definition, and development.
For more information, you can visit our website at goldonresources.com, download our investor
presentation here, and follow us on X at https://x.com/GoldONResources.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: [email protected]
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements
This news release may contain “forward -looking statements” that involve known and unknown risks, uncertainties,
assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Any forward -looking statement speaks only as of the date of this news release and, except as may be
required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events, or results or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.