Golden Independence Receives $2.6m in Warrant Proceeds
Golden Independence Receives $2.6m in
Warrant Proceeds
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Golden Independence Mining Corp.
(CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "
Company
") is pleased to announce the receipt of
$2,632,675.08 from the exercise of 6,268,274 warrants (each with a strike price of $0.42). This
represents a total of 82.4% of the total outstanding $0.42 strike price warrants having been exercised
with the remaining unexercised warrants having been cancelled. The Company now has a total of
40,705,709 shares issued and outstanding.
"The receipt of $2.6m in warrant proceeds illustrates the strong level of shareholder support for our
ongoing work at the Independence project," commented Golden Independence CEO, Christos Doulis.
"With a treasury in excess of $5 million, Golden Independence is fully funded to advance the oxide
portion of the Independence project to the PEA stage, to undertake an RC drill program on the sulphide
gold skarn and to pursue regional opportunities should they arise."
About Golden Independence Mining Corp.
Golden Independence Mining Corp. is an exploration company currently focused on exploring the
advanced-stage Independence Gold Property located in the Battle Mountain-Cortez Trend, Nevada and
the Champ precious metal property near Castlegar, British Columbia. The Independence Gold Property
benefits from over US$25 million in past exploration, including over 200 holes drilled, and is located
adjacent to Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend
of Nevada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Christos Doulis, Chief Executive Officer
Telephone: 1.647.924.1083 Email:
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