Golden Age Announces Non-Brokered Private Placement

Executive Summary

• Golden Age Exploration Ltd. announced a non‑brokered private placement of up to 5,000,000 units at $0.05 per share, targeting gross proceeds of $250,000.
• Each unit includes one common share and one transferable warrant allowing purchase of an additional share at $0.065 for two years from closing.
• Proceeds will be used for working capital, including administration costs, exploration and evaluation expenditures, and short‑term investments; all shares are subject to a four‑month hold period.

Key Details

• Units Offered: Up to 5,000,000 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.05 per share (equivalent to $0.05 per unit).
• Total Gross Proceeds: $250,000.
• Warrant Terms: Each warrant permits purchase of one additional common share at $0.065; exercisable for two years from closing.
• Use of Proceeds: Unallocated working capital – administration costs, exploration and evaluation expenditures, other short‑term investments.
• Regulatory Status: Conditional approval received from the Canadian Securities Exchange (CSE).
• Holding Period: All shares issued will be subject to a four‑month hold period per securities law requirements.
• U.S. Offering Disclaimer: Not an offer in the United States; securities not registered under U.S. securities laws.

Notable Quotes

• “We are pleased to announce this financing, which provides us with the capital needed to advance our exploration programs and support short‑term operational needs,” – Kevin Hanson, President.