Golden Pursuit closes $45K final tranche of financing

Executive Summary

• Golden Pursuit Resources Ltd. completed its second and final tranche of a private placement, issuing 180,000 flow‑through units for $45,000.
• Total capital raised to date is $495,000 from 1.18 M flow‑through units at $0.25 each and 1 M non‑flow‑through units at $0.20 each.
• Proceeds will fund exploration programs on the Gordon Lake property in the Northwest Territories and general corporate purposes; securities are subject to a four‑month hold period expiring Dec. 26, 2025.

Key Details

• Units Issued – Tranche 2: 180,000 flow‑through units for an aggregate of $45,000.
• Cumulative Financing: $495,000 raised to date.
• Unit Structure:
• Flow‑through unit = 1 flow‑through common share + ½ flow‑through share purchase warrant (full warrant allows purchase at $0.30 per share for two years).
• Non‑flow‑through unit = 1 common share + ½ non‑flow‑through share purchase warrant (full warrant allows purchase at $0.25 per share for two years).
• Pricing:
• Flow‑through units priced at $0.25 each.
• Non‑flow‑through units priced at $0.20 each.
• Total Units Issued Across Both Tranches: 1.18 M flow‑through units and 1 M non‑flow‑through units.
• Use of Proceeds: Exploration programs on the Gordon Lake mineral property (Northwest Territories) and general corporate purposes.
• Finder’s Fees: None paid in connection with this offering.
• Related Party Participation: An insider participated; transaction exempt from MI 61‑101 valuation and minority approval thresholds (<25% market cap).
• Regulatory Conditions: Subject to final exchange approval; all securities carry a four‑month hold period expiring 26 Dec 2025.

Notable Quotes

(No executive quotes were provided in the release.)