Golden Reign Announces Closing of Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
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January 24, 2017
NEWS RELEASE - #17-03
TSX- V: GRR
GOLDEN REIGN ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT
Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) is pleased to announce that
it has closed its previously announced brokered private placement offering (the “Offering”) of common shares (the
“Common Shares”) of the Company. The Company issued 8,454,545 Common Shares at a price of $0.22 per
Common Share for gross proceeds of $1,859,999 .90. Beacon Securities Limited, as lead agent and book- runner,
and PI Financial Corp. (together, the “ Agents”) acted as agents for and on behalf of the Company in connection
with the Offering.
The net proceeds from the Offering will be used for working capital, general corporate purposes and to accelerate
exploration on targets outside of the San Albino area. Pursuant to the Offering, the Agents received a cash
commission equal to 6% of the gros s proceeds of the Offering and 591,818 compensation options, each of which
is exercisable to acquire one Common Share at a price of $0.22 per Common Share until July 24, 2018.
All securities issued in connection with the Offering are subject to a hold period expiring on May 25, 2017 in
accordance with applicable Canadian securities laws. The Offering remains subject to final TSX Venture
Exchange approval.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act") or any U.S. state securities laws, and were not offered or sold in the United
States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption
from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
On behalf of the Board,
“Kevin Bullock”
Kevin Bullock, P.Eng.
CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX -V: GRR) mineral exploration company engaged in
exploring the San Albino- Murra Property and the El Jicaro Property, both of which are located in Nueva
Segovia, Nicaragua.
The Company’s prime objective is to bring its San Albino Gold Deposit into production quickly and efficiently,
building cash flow to further advance a number of its other highly prospective exploration targets.
The Company’s land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of
historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres
wide by 20 kilometres long and spans the entirety of the Company’s land package.
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward Looking Statements
Some of the statements contained herein may be forward-looking statements which involve known and unknown
risks and uncertainties. Such forward -looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those reflected in the forward- looking
statements, including, without limitation, risks and uncertainties re lating to political risks involving the
Company’s exploration and development of mineral properties, the inherent uncertainty of cost estimates and
the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to o btain
adequate financing on a timely basis and other risks and uncertainties. Such information contained herein
represents management’s best judgment as of the date hereof, based on information currently available.
Neither TSX Venture Exchange nor its Regu lation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.