Gold Plus Mining Closes First Tranche of Private Placement
FOR IMMEDIATE RELEASE
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
Gold Plus Mining Closes First Tranche of Private Placement
VANCOUVER, BC, August 25, 2020 – Gold Plus Mining Inc. (“Gold Plus” or the “Company”) (CSE :GPMI ) is
pleased to announce the closing of the first tranche of its previously announced non -brokered private placement.
(July 27, August 10, August 19). The Company has closed 5,030,000 non-flow through units at a price of $0.15 per
unit, for gross proceeds of $754,500. Each unit consists of one common share and one share purchase warrant,
with each warrant exercisable into one common share at $0.30 for a two-year term. Gold Plus has further closed
700,000 flow through units at a price of $0.20 per unit , for gross proceeds of $14 0,000. Each unit will consist of
one common share and one share purchase warrant, with each warrant exercisable into one common share at
$0.30 for a two-year term.
Spencer Smyl, CEO states , “Due to the stated demand for our hard dollar financing exceeding our initially
announced raise, the Company applied and received approval to increase the size of our financing. The Company
anticipates closing the remainder of the private placement on or about Monday August 31, 2020. With the work
program underway on our 100% owned McDonough East Property, located in the Red Lake Camp, Ontario, we are
happy to be moving the property exploration forward.”
Proceeds of the Financing are to be used for exploration on mineral properties, professional fees and working
capital purposes.
In connection with the Closing, t he Company paid cash finder’s fees of $37,820 and issued 252,133 share
purchase warrants (the “ Finder’s Warrants”) as a finder’s fee in connection with certain subscriptions in the
Financing. The Finder’s Warrants have the same terms as the Warrants.
All of the securities issued in connection with the Financing are subject to a statutory hold period expiring four
months and one day after Closing.
None of the securities offered in connection with the Financing will be registered under the United States Securities
Act of 1933 , as amended (the “ 1933 Act ”), or the securities laws of any state of the United States. This news
release shall not constitute an offer to sell or a solicitation of an offer to buy , nor shall there be any sale of the
securities in any state where such offer, solicitation, or sale would be unlawful.
About Gold Plus Mining Inc.
Gold Plus Mining is a publicly traded exploration com pany focused on the development of highly prospective,
discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. Our growing portfolio of
mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Golden
Triangle” of British Columbia, the Mineral Rich “Red Lake” mining camp of Northwestern Ontario and the
“Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.
ON BEHALF OF THE BOARD
Spencer Smyl
CEO & Director
For more information on Gold Plus Mining, please contact
Mr. Spencer Smyl – CEO & Director
Phone: 604-785-4229
E-mail: [email protected]
Corporate e-mail: [email protected]
Website: www.goldplusmining.com
Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. Newswire Services or for dissemination in the United States.