18:51:01 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Goldbank Mining Corp (2)
Symbol GLB
Shares Issued 24,073,915
Close 2015-04-17 C$ 0.05
Market Cap C$ 1,203,696
Recent Sedar Documents

ORIGINAL: Goldbank Mining closes $180,000 private placement

2015-04-29 18:35 ET - News Release

Received by email:

File: NRGLB150429.pdf

                                                                                                           12G3-2(b): 
--->82-4000
                                                                                                      Standard & Poor'
--->s Listed
                                                                                                TSX Venture Exchange: 
--->GLB
                                                                                                               OTC: GL
--->BKF

                                                                                                                  Apri
--->l 29, 2015



                             $180,000 PRIVATE PLACEMENT FINANCING CLOSED


Goldbank Mining Corporation ("Goldbank")(TSX.V-GLB) has closed its $180,000 private placement
comprised of 3,600,000 units at $0.05 per unit, of which $150,000 is flow-through. Each unit consists of
one common share and one four-year transferable warrant entitling the holder to purchase one additional
share at a price of $0.05 per share. The flow-through shares comprising the flow-through units and flow-
through shares issuable upon exercise of the warrants comprising the flow-through units will entitle the
holder to receive the tax benefits applicable to flow-through shares in accordance with provisions of the
Income Tax Act (Canada).

The $150,000 in flow-through proceeds will be used for necessary exploration expenditures to maintain
and preserve Goldbank's claims in the Klondike Goldfields, Yukon Territory, Canada. The $30,000 in non -
flow-through proceeds will be used for working capital. The terms of the financing have been accepted for
filing by the TSX Venture Exchange. The units are restricted from trading until August 30, 2015.

As a result of the private placement Anthony Beruschi has increased his control position by 2,900,000
shares, now holding 9,964,920 shares in the capital of Goldbank, representing approximately 36.01% of
the issued and outstanding shares of Goldbank. If Mr. Beruschi were to exercise all of his warrants, he
would hold 19,198,253 common shares of Goldbank representing approximately 52.02% of the then total
outstanding common shares of Goldbank, assuming that no further common shares of Goldbank were
issued.

The private placement subscription by Mr. Beruschi constitutes a related party transaction within the
meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority
Security Holders in Special Transactions ("MI 61-101"). Goldbank is relying on the exemptions contained
in sections 5.5(a) and section 5.7(1)(a) as the fair market value of the participation in the private
placement by Mr. Beruschi does not exceed 25 per cent of the market capitalization of Goldbank, as
determined in accordance with MI 61-101. Goldbank's board of directors carefully reviewed and
unanimously approved the private placement subscription by Mr. Beruschi. Goldbank did not file a
material change report in respect of the related party transaction at least 21 days before closing of the
private placement as the date of closing was not previously known.

Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the
Klondike Goldfields near Dawson City, Yukon, Canada.

For further information please e-mail jb@goldbankmining.com.

GOLDBANK MINING CORPORATION

PER: "James Boyce"                                                                    Suite 702 � 889 West Pender Stre
--->et
                                                                                       Vancouver, BC CANADA V6C 3B2
JAMES BOYCE                                                                                     Telephone: 604.683.328
--->8
President & CEO                                                Toll Free: 1.888.880.2288  Email: jb@goldbankmining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this 
--->release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have 
--->no
right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of t
--->his type in
documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indica
--->tive of
mineral deposits on our properties. This news release may contain forward-looking statements including but not limited
---> to
comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property t
--->itles,
potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefo
--->re
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in suc
--->h statements.
 


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