Golden Pursuit closes first tranche of financing

Executive Summary

• Golden Pursuit Resources Ltd. completed the first tranche of its private placement, raising a total of $450,000.
• The financing consisted of 1 M flow‑through (FT) units at $0.25 per unit and 1 M non‑flow‑through (NFT) units at $0.20 per unit.
• Proceeds will fund exploration programs on the Gordon Lake property in the Northwest Territories and general corporate purposes.

Key Details

• Units Issued:
• 1,000,000 FT units – each containing one flow‑through common share + ½ FT warrant (full warrant = right to purchase one FT share at $0.30 for two years). Aggregate proceeds: $250,000.
• 1,000,000 NFT units – each containing one common share + ½ NFT warrant (full warrant = right to purchase one common share at $0.25 for two years). Aggregate proceeds: $200,000.
• Total Gross Proceeds: $450,000.
• Use of Proceeds:
• Exploration programs on the Gordon Lake mineral property (Northwest Territories).
• General corporate purposes.
• Related Party Transaction: 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 December 1, 2025.
• Finder Fees: None paid.

Notable Quotes

(No quotes provided in the release.)