Mr. Kevin Hanson reports
GOLDEN AGE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Golden Age Exploration Ltd. has arranged a non-brokered private placement of up to five million units at a price of five cents per share for proceeds of $250,000. Each unit consists of one common share and one transferable warrant, each warrant entitling the holder to purchase one common share at a price of 6.5 cents for a period of two years from closing. Proceeds from the financing will be used for unallocated working capital, including administration costs, exploration and evaluation expenditures, and other short-term investments. The company has received conditional regulatory approval from the Canadian Securities Exchange for the financing. All shares issued upon closing of the private placement will be subject to a four-month hold period in accordance with applicable securities laws.
We seek Safe Harbor.
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