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Goldbank increases financing

Blog by Goldbank Mining Corporation | June 9th, 2017

Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is very pleased to announce that its private placement announced June 6, 2017 in connection with its acquisition of 100% of the Leota Gold Project has been increased to up to $750,000 comprised of 10,000,000 units at a price of $0.075 per unit. Each unit consists of one common share and one-half of a three-year transferable warrant with one warrant entitling the holder to purchase one additional common share of Goldbank at a price of $0.15 per share. Part of the financing will be issued on a flow-through basis. Certain directors and officers are participating in the financing as approved by independent directors. Goldbank is relying on an exemption from the related party requirements of MI 61-101.Finder’s fees may be paid on a portion of the private placement. The financing including any finder’s fees to be paid is subject to acceptance for filing by the TSX Venture Exchange. 

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 contact Goldbank’s president, Jim Boyce, either by e-mail at jb@goldbankmining.com or by phone at 604.683.3288. 


PER: “James Boyce” Suite 702 – 889 West Pender Street 

Vancouver, BC CANADA V6C 3B2 


Telephone: 604.683.3288 
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 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.