Mr. Richard Rivet reports
GOLDEN RAPTURE MINING CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Golden Rapture Mining Corp. has closed the final tranche of its $500,000 financing originally announced on Dec. 19, 2025.
On Dec. 19, 2025, the company announced a $500,000 non-flow-through unit and flow-through unit private placement financing.
On Dec. 30, 2025, the company closed the first tranche of the private placement for gross proceeds of $185,000. The details of that first tranche were provided by press release dated Dec. 30, 2025.
The company closed the second and final tranche of the private placement on Jan. 26, 2026. The second tranche consisted of the sale and issuance of 8,495,000 NFT units at four cents per NFT unit, for gross proceeds of $339,800. The relevant details of this second tranche are as follows:
- 8,495,000 NFT units at four cents, for gross proceeds of $339,800;
- Each NFT unit consists of one common share of the company and one common share purchase warrant;
- Each warrant is exercisable at five cents for 24 months from the date of issuance;
- Canaccord Genuity Corp. received a cash finder's fee in the amount of $12,800 and 320,000 finder's fee warrants at an exercise of five cents for a period of 24 months following issuance;
- Research Capital Corp. received a cash finder's fee of $8,000 and 200,000 finder's fee warrants at an exercise of five cents for a period of 24 months following issuance; and
- Ventum Financial received a cash finder's fee of $2,000 and 50,000 finder's fee warrants at an exercise of five cents for a period of 24 months following issuance.
The common shares, and the common shares issuable upon exercise of the warrants and finder's warrants, are subject to a statutory hold period expiring on the date that is four months and one day upon issuance. The offering is subject to final Canadian Securities Exchange acceptance.
Non-flow-through gross proceeds are expected to be used for corporate general and administrative costs. Flow-through funds are expected to be used for eligible exploration expenses at Golden Rapture's Northwestern Ontario projects, including the newly acquired Northern Queen mine property located adjacent to the Nexgold Goliath gold deposit with the eastern section of the property being situated on the border of the Dryden gold claims.
About Golden Rapture Mining Corp.
Golden Rapture Mining is a newly listed exploration company engaged in the acquisition, exploration and development of high-potential projects. Golden Rapture became listed on the CSE on March 14 of 2024, and currently has 51,989,390 common shares issued after completion of this private placement.
We seek Safe Harbor.
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