Goldhills Holding Ltd. Closes $500,000 Non-Brokered Private Placement

Goldhills Holding Ltd. (GHL) closed a non-brokered private placement on November 6, 2026, issuing 10,000,000 units at $0.05 per unit for gross proceeds of $500,000. Each unit consists of one common share and one common share purchase warrant. The warrants are exercisable at $0.07 per share for a period of 24 months from issuance.

Proceeds from the transaction are designated for mineral exploration on the Lennac Lake copper-molybdenum porphyry project and general working capital. Director Steven Sangha participated as a related party, acquiring 3,898,000 units for $194,900. Post-closing, Sangha's beneficial ownership increased to approximately 18.36% on a non-diluted basis.

The transaction carries a statutory hold period expiring March 6, 2027, and no finders' fees were paid. This closing fulfills the announcement made on October 15, 2026, and follows a pattern of low-priced capital raises and debt settlements throughout 2026.

Goldhills Holding Ltd. (GHL) has secured financing to address a working capital deficit of $573,291 and fund mandatory exploration expenditures on its Lennac Lake property. The transaction involves the issuance of 10,000,000 new shares at an issue price of $0.05, a valuation that reflects the company's distressed financial condition and explicitly flagged going concern risk. This issuance represents a dilution of approximately 32% to the pre-money share count of 31,451,998.

The capital raise also includes a warrant structure that adds a secondary layer of potential dilution, with 10,000,000 warrants exercisable at $0.07 over the next two years. The heavy reliance on a single director for capital indicates a lack of external institutional demand at the current valuation. While the capital raise is necessary for survival, the structural dilution and confirmation of continuous cash burn make this a negative event for existing minority shareholders.

Goldhills Holding Ltd. is a micro-cap exploration company with no operating revenue. Its flagship asset is the Lennac Lake copper-molybdenum porphyry project, located in the Omineca Mining Division of central British Columbia. The company holds an option to acquire a 100% interest in the property, subject to milestone exploration expenditures and cash payments.

The company is in the early exploration phase, relying entirely on equity and debt financing to sustain operations and advance the Lennac Lake project. Its previous asset, the Siguiri Gold Property in Guinea, has been fully impaired due to license access issues and is non-operational.