Golden Rapture Mining Corporation 804 Barnes Link Sw
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
GOLDEN RAPTURE MINING CORPORATION
804 Barnes Link SW
Edmonton, Alberta
Golden Rapture Announces Intention to Complete Private Placement of Flow Through Units (“FT
Units”) and Non-Flow Through Units (“NFT Units”) on June 3, 2024
Edmonton, Alberta May 28, 2024: Golden Rapture Mining Corporation (the "Company" or
"Golden Rapture") (CSE: GLDR) is pleased to announce that it intends to complete a non-brokered
private placement on June 3, 2024 (the “Private Placement”) of (i) up to 400,000 FT Units at a price of
$0.25 per FT Unit, and (ii) up to 833,333 NFT Units at a price of $0.18 per NFT Unit.
Each FT Unit will consist of one common share of the Company issued on a flow-through basis under the
Income Tax Act (Canada) and one-half of one common share purchase warrant of the Company (each
whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one common share of
the Company at an exercise price of $0.35 per share for a period for 36 months from the date of
issuance of the FT Warrant.
Each NFT Unit will consist of one non-flow-through common share of the Company and one common
share purchase warrant of the Company (each whole warrant, a "NFT Warrant"). Each NFT Warrant will
entitle the holder to acquire one common share of the Company at an exercise price of $0.25 per share
for a period for 36 months from the date of issuance of the NFT Warrant.
No compensation or finders fees are payable pursuant to this Private Placement. The level of insider
participation is anticipated to be minimal, and will not result in a new insider control position or
materially affect the control of the Corporation.
The common shares of the Company were listed on the Canadian Securities Exchange on March 8, 2024,
began trading on March 12, 2024 under the symbol "GLDR". There are currently 22,343,093 common
shares issued and outstanding as of the date of this Press Release.
The Company intends to use the proceeds of the Private Placement for exploration and development of
the Company's mineral property interests in NW Ontario, Canada, and for general working capital
purposes. The gross proceeds from the issuance of all flow-through shares will be used to incur
Canadian Exploration Expenses ("CEE"), which will be mostly sampling and drilling and the non-flow-
through units for general and administrative costs and unallocated working capital.
The offered securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may
not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation
S under the U.S. Securities Act, absent such registration or an applicable exemption from such
registration requirements. This news release shall not constitute an offer to sell or the solicitation
of an offer to buy the offered securities in any jurisdiction.
About Golden Rapture Mining Corporation
Golden Rapture Mining Corporation is engaged in the business of mineral exploration and the
acquisition of mineral property assets in Canada. Its objective is to locate and develop economic
precious and base metal properties of merit and to conduct its exploration program on the Phillips
Township Gold Property.
On behalf of the Corporation
Richard Rivet, Chief Executive Officer.
For further information, please contact:
Richard Rivet, Chief Executive Officer
Email: [email protected]
Phone: 780-885-9385
https://goldenrapturemining.com/
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of
historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated
content, commencement, and cost of exploration programs in respect of the Corporation's projects and mineral properties,
anticipated exploration program results from exploration activities, resources and/or reserves on the Corporation's projects
and mineral properties, and the anticipated business plans and timing of future activities of the Corporation, are forward-
looking statements. Although the Corporation believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as
"pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to
certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance
or achievements of the Corporation to differ materially from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the
anticipated business plans and timing of future activities of the Corporation, including the Corporation's proposed expenditures
for exploration work on its properties, the ability of the Corporation to obtain sufficient financing to fund its business activities
and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits
or financing, changes in laws, regulations and policies affecting mining operations, the Corporation's limited operating history,
currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the
heading "Risk Factors" in the Corporation's prospectus dated December 14, 2024 and other filings of the Corporation with the
Canadian Securities Authorities, copies of which can be found under the Corporation's profile on the SEDAR website at
www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The Corporation undertakes no obligation to
update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise
required by law.