Subject: Press Release/News Attached for Distribution on Stockwatch.com
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File: Attachment Timothy A. Young Press release (2024-10-28).pdf
TIMOTHY A. YOUNG
595 Burrard Street, Suite 3123
Vancouver, British Columbia V7X 1J1
FOR IMMEDIATE RELEASE
October 28, 2024 Timothy A. Young ("Young") announces that on October 25, 2024, he acquired
ownership and control over 696,328 common shares (the "Shares") of Golden Harp Resources Inc.
(the "Company"), of 595 Burrard Street, Suite 3123, Vancouver, British Columbia, V7X 1J1 pursuant
to a share purchase agreement with the Company's former Chief Executive Officer and director, Shaun
Maskerine. The Shares were acquired at a price of $0.05 per Share, for total consideration of
$34,816.40
Immediately prior to the acquisition of the Shares, Young had beneficial ownership and control of
an aggregate of 23,297,828 common shares, representing approximately 78% of the Issuer's issued
and outstanding common shares.
Immediately after the acquisition of the Shares, Young had beneficial ownership and control of an
aggregate of 23,994,156 common shares, representing approximately 80% of the Issuer's issued
and outstanding common shares.
The acquisition of the Shares pursuant to the share purchase agreement is exempt from the take-
over bid requirements set out in National Instrument 62-104 -- Take-Over Bids and Issuer Bids
("NI 62-104"), pursuant to the "private agreement exemption" under Section 4.2 of NI 62-104.
Young is entitled to rely on this exemption as: (i) purchases are being made from not more than 5
persons in the aggregate; (ii) the bid is not being made generally to holders of the common shares;
and (iii) the consideration paid for the Shares is not greater than 115% of the market price of
common shares (as determined in accordance with NI 62-104).
Young acquired the Shares for investment purposes and may from time to time, increase or
decrease his ownership position in the future in the market or privately as circumstances warrant.
A copy of the early warning report filed by Young in connection with the acquisition of the Shares
is available on the SEDAR website at www.sedar.com or by contacting the Company's Chief
Financial Officer, Kyle Takeuchi, at (778) 230-6166.
"Timothy A. Young"
Timothy A. Young
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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