Glacier Lake Revises Terms of Private Placement
Suite 1588 – Canaccord Financial Tower, 609 Granville Street, Vancouver, BC, V7Y 1G5
O: 604-688-2922 TF: 866-687-7059 www.glacierlake.ca
GLACIER LAKE REVISES TERMS OF PRIVATE PLACEMENT
Vancouver, British Columbia – December 24, 2019 – Glacier Lake Resources Inc. (TSXV: GLI) (the
“Company”) announces that it has elected to revise the terms of its previously announced non-brokered
private placement. The Company now intends to offer up to 40,000,000 units (each, a “Unit”) by way of
non-brokered private placement (the “Private Placement”). The Units will be offered at a price of $0.05
per share, for gross proceeds of up to $2,000,000. Each “Unit” will consist of one common share, and
one share purchase warrant entitling the holder to acquire an additional common share at a price of
$0.10 for a period of twenty-four months. In connection with completion of the Private Placement, the
Company may pay finders fees to eligible parties who assisted in introducing subscribers to the
Company.
The Company intends to use the net proceeds of the Private Placement to undertake further exploration
work on its wholly-owned Hackett Property, located in the Sheslay region of Northwestern, British
Columbia, to retire existing debts and payables and for general working capital purposes. The Company
is also in the process of reviewing mineral projects for potential acquisitions, and may use a portion of
the proceeds of the Private Placement to fund due diligence costs associated with those projects.
All securities to be issued in connection with the Private Placement will be subject to a four-month-and-
on-day statutory hold period in accordance with applicable securities laws. Completion of the Private
Placement remain subject to the approval of the TSX Venture Exchange.
For additional information please feel free to contact:
Saf Dhillon, Chief Executive Officer
Glacier Lake Resources Inc.
Tel:866-687-7059
Dir: 604-688-2922
Please visit our Website at: www.glacierlake.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may
include forward-looking statements that are subject to risks and uncertainties. All statements within, other than
statements of historical fact, are to be considered forward looking. A lthough the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may differ materially from those in
forward-looking statements. F actors that could cause actual results to differ materially from those in forward-
looking statements include market prices, continued availability of capital and financing, and general economic,
market or business conditions. T here can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. W e do not assume any
obligation to update any forward-looking statements except as required under the applicable laws.