08:09:53 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Goldbank Mining Corp (2)
Symbol GLB
Shares Issued 27,673,915
Close 2015-09-29 C$ 0.035
Market Cap C$ 968,587
Recent Sedar Documents

ORIGINAL: Goldbank increases convertible promissory note to $1.2M

2015-10-06 21:31 ET - News Release

Received by email:

File: NR_GLB.pdf

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

                                                                                                            October 6,
---> 2015


                          SECURED CONVERTIBLE PROMISSORY NOTE


Goldbank Mining Corporation ("Goldbank")(TSX.V-GLB) is proceeding with the issuance of a
secured convertible promissory note, subject to acceptance for filing by the TSX Venture Exchange.

Goldbank has now agreed to increase the amount of the promissory note to $1,200,000 from
$800,000. Promissory note terms include an interest rate of 6% per year and is convertible in whole
or in parts, at the holder's election, for Goldbank units at $0.05 per unit for the first year and
thereafter at $0.10 per unit until maturity three years from the date of issuance. Each unit is
comprised of one share and one transferable warrant with each warrant exchangeable for one
common share at $0.05 per share. Interest accrues monthly over the term of the convertible
promissory note. In connection with the issuance of the convertible promissory note approximately
$2,500,000 in additional current debts of Goldbank will be converted to long term debt with the
principal amount payable in September 2018.

The secured convertible promissory note will be issued to Rolo Finance Inc., a BC private
corporation owned and controlled by Mr. R. Roland. As the conversion of the promissory note to
shares may result in the creation of a control person, Goldbank obtained shareholder approval at its
2015 shareholder meeting held on July 10, 2015.

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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