Golden Opportunity Resources Corp. Completes Initial Public Offering and Lists on the Canadian Securities Exchange
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
GOLDEN OPPORTUNITY RESOURCES CORP.
Suite 200, 551 Howe Street
Vancouver, British Columbia V6C 2C2
Golden Opportunity Resources Corp. Completes Initial Public Offering and Lists on the
Canadian Securities Exchange
Vancouver, British Columbia, November 26, 2019: Golden Opportunity Resources Corp.
(the "Company" or "Golden Opportunity") (CSE: GOOP) is pleased to announce that on
November 26, 2019, it completed its initial public offering (the "IPO") of 3,781,000 units of the
Company (each, a "Unit"), 281,000 of which were sold pursuant to an over-allotment option, at a
price of $0.10 per Unit for gross proceeds of $378,100. Each Unit consists of one common share
in the capital of the Company and one -half of one transferable common share purchase warrant
(each whole co mmon share purchase warrant, a "Unit Warrant") of the Company . Each Unit
Warrant entitles the holder thereof to acquire one common share of the Company at an exercise
price of $0.25 per share at any time prior to November 26, 2021.
The net proceeds from the IPO will be used for working capital and to carry out exploration of
the Company's Maple Bay Project located approximately 60 kilometres south of the town of
Stewart in the Skeena Mining Division, British Columbia.
Canaccord Genuity Corp . acted as agent (the "Agent") for the IPO. In consideration for the
services provide by the Agent, the Company paid the Agent a cash commission equal to 10% of
the gross proceeds of the IPO and a corporate finance fee of $25,000. Additionally, the
Company granted the Agent and its selling group compensation warrants entitling the holder to
purchase in aggregate 378,100 common shares of the Company at a price of $0.10 per s hare,
exercisable on or before November 26, 2021.
The common shares of the Company were listed on the Canadian Securities Exchange on
November 25, 2019 and are expected to begin trading on November 27, 2019 under the symbol
"GOOP".
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 Opportunity Resources Corp.
Golden Opportunity 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
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base metal properties of merit and to conduct its exploration program on the Maple Bay Project,
located approximately 60 k ilometres south of the town of Stewart in the Skeena Mining
Division, British Columbia.
For more information, please refer to the Company's prospectus dated August 30, 2019 available
on SEDAR (www.sedar.com).
On Behalf of the Board of Directors
Keith Anderson
Chief Executive Officer, Director and Promoter
For further information, please contact:
Keith Anderson
Chief Executive Officer, Director and Promoter
(604) 786-7774
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 historica l fact, included herein including, without limitation, statements regarding future
capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the
Company's projects and mineral properties, anticipated exploratio n program results from exploration activities,
resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and
timing of future activities of the Company, are forward -looking statements. Although the Comp any 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 risk s, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company 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 Company, including the Company's option to
acquire the Maple Bay Project, the proposed expenditures for exploration work thereon , the ability of the Company
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 Company'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 Company's prospectus dated August 30, 2019 and other filings of the Company with the
Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website
at www.sedar.com.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company 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.