Goldflare Announces a Flow-Through Financing

ACCESS Newswire
20 Nov 2023, 22:38 GMT+10

PIEDMONT, QC / ACCESSWIRE / November 20, 2023 / Goldflare Exploration Inc. (TSXV:GOFL) ('Goldflare' or 'the Company') announces a private placement offering (the 'Placement') presented to an eligible investor, at a price of $0.03 per unit (1 unit = 1 Flow-Through share at a price of $0.03 each). The gross proceeds of the offering are expected to be $120,000 or 4,000,000 units.

Closing is expected on November 24, 2023. This private placement is subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange.

The securities to be issued as part of the financing will be subject to a minimum holding period of four months plus one day following the closing date.

The proceeds of the flow-through share offering will be used to finance 'Canadian exploration expenses' ('CEE') (within the meaning of the Canadian Income Tax Act) on mining claims of the Company located in Quebec, mainly on its Goldfields property. Thus, the Company will agree to waive these exploration expenses in Canada, in favor of investors participating in the Placement, with an effective date of no later than December 31, 2023.

CONTACT:

Ghislain Morin
CEO
819-354-9439
[email protected]
or
Serge Roy
Chairman of the Board
819-856-8435
[email protected]

SOURCE: Goldflare Exploration Inc.

View source version on accesswire.com:
https://www.accesswire.com/807200/goldflare-announces-a-flow-through-financing

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.

More Information

null in null

International

Section

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Canadian option offered to Harvard graduates facing US visa issues

TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...

Israel should act fast on new peace deals, Netanyahu says

JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...

UN offer rejected in Dreamliner crash investigation

NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...

UN climate agency gets 10 percent boost amid global budget cuts

BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...

Sports

Section