September 27, 2011: Goldbank Mining Corporation (TSX.V-GLB) is pleased to announce a non-brokered flow-through private placement financing to raise $200,000 at a price of $0.10 per unit. The private placement is comprised of 2,000,000 flow-through units with each unit consisting of one flow-through common share and one two-year transferable warrant entitling the holder to purchase one additional share at a price of $0.15 during the first year and at a price of $0.18 thereafter. Click here for pdf version of news release.
Funds from the financing will be used for exploration.
Directors of the Company will be subscribing to the private placement and such participation has been approved by the independent directors of the Company. The Company is relying on an exemption from the related party requirements of MI 61-101.
The financing is subject to acceptance for filing by the TSX Venture Exchange.
The Company is not proceeding with the previously announced flow-through private placement.
Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the Klondike Goldfields near Dawson City, Yukon, Canada and for platinum, palladium, copper and nickel at the Buck Lake Property in Northwestern Ontario.
For further information please contact Goldbank’s president, Anthony J. Beruschi B.Sc. LLB.
GOLDBANK MINING CORPORATION
|Anthony J. Beruschi
President & CEO
|Suite 605 - 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
Toll Free: 1.888.880.2288
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. nvestors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative 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 titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.