Mr. Richard Rivet reports
GOLDEN RAPTURE MINING CLOSES NON-BROKERED PRIVATE PLACEMENT
Golden Rapture Mining Corp. has closed a non-brokered, oversubscribed private placement with gross proceeds of $560,000 through the sale of up to 11.2 million units of the company at a price of five cents per unit. Each unit will consist of one common share of the issuer and one common share purchase warrant. Each unit warrant will entitle the holder to purchase one common share for a period of two years at a price of six cents per warrant share.
The proceeds from the offering will be used for 2025 exploration activities at the company's high-grade gold project, to enhance investor communications outreach and for general working capital.
Participants in the offering included retail investors from Research Capital, Raymond James, Ventum Financial and Haywood Securities. Quinsam Capital Corp., a merchant bank, and AlphaNorth Asset Management, which manages a small-capitalization-focused hedge fund, both took a position.
A 10-per-cent cash finder's fee may be paid to certain finders in connection with the offering, in accordance with the policies of the Canadian Securities Exchange.
About Golden Rapture Mining Corp.
Golden Rapture Mining is a newly listed, well-financed exploration company engaged in the acquisition, exploration and development of high-potential assets. The company's flagship Phillips township property, located in the Rainy River district of Northwestern Ontario, comprises 10,000 acres of highly prospective, past-producing, high-grade gold systems, including a total of 18 mine shafts on site.
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