Correction: Gold Lion Closes Private Placement Financing
305-1770 Burrard St. Vancouver, British Columbia V6J 3G7
T: (778) 772-1751/ W: https://goldlionresources.com/
GOLD LION RESOURCES INC.
NEWS RELEASE
CORRECTION: Gold Lion Closes Private Placement Financing
Vancouver, British Columbia / May 22, 2020 – In a release issued under the same headline earlier today
by Gold Lion Resources Inc. (“Gold Lion” or the “ Company”) ( CSE: GL) (OTC: GLIOF) (FWB:
2BC) the Company announced closing a non-brokered private placement financing for gross proceeds of
$1,000,000. The Company issued 2,000,000 Units under the financing (not 1,000,000 Units as previously
disclosed).
The corrected release follows:
Vancouver, British Columbia / May 22, 2020 – Gold Lion Resources Inc. (“Gold Lion ” or the
“Company”) (CSE: GL) (OTC: GLIOF) (FWB: 2BC) is pleased to announce that it has closed a non-
brokered private placement financing with one subscriber for gross proceeds of $1,000,000. Under the
financing, the Company issued 2,000,000 units (each, a “Unit”), each Unit consisting of one common share
(each, a “Common Share”) and one common share purchase warrant exercisable for an additional common
share (each, a “Warrant Share”) at $0.75 for two years from the date of issuance.
The Company will use the proceeds of the financing for exploration and for general working capital.
The securities issued in the financing are subject to a four month hold period in accordance with applicable
Canadian securities laws.
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its
precious metal focused portfolio including the South Orogrande, Erikson Ridge, Robber Gulch, Cuteye and
the Fairview Properties located in Idaho and British Columbia . For more information please visit:
https://goldlionresources.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Oliver Friesen
CEO
T: +1 (778) 772-1751
2
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the
accuracy or adequacy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historical fact, this news release contains certain "forward -looking information"
within the meaning of applicable securities law. Forward-looking information is frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements
are based on the opinions and estimates at the date the statements are made, and are subject to a variety
of risks and u ncertainties and other factors that could cause actual events or results to differ materially
from those anticipated in the forward -looking statements including, but not limited to delays or
uncertainties with regulatory approvals, including that of the CS E. There are uncertainties inherent in
forward-looking information, including factors beyond the Company’s control. There are no assurances
that the business plans for Gold Lion Resources described in this news release will come into effect on the
terms or time frame described herein. The Company undertakes no obligation to update forward -looking
information if circumstances or management's estimates or opinions should change except as required by
law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional
information identifying risks and uncertainties that could affect financial results is contained in the
Company’s filings with Canadian securities regulators, which are available at www.sedar.com.