Golden Age Announces Closing of Non-Brokered Private Placement & Exercise of Stock Options

Executive Summary

• Golden Age Exploration closed a non‑brokered private placement of 5,100,000 units at $0.05 per unit, raising gross proceeds of $255,000.
• Each unit includes one common share and one transferable warrant (exercise price $0.065, two‑year term).
• Management exercised 200,000 stock options at $0.10 each, resulting in the issuance of 200,000 additional common shares.

Key Details

• Private Placement Size: 5,100,000 units issued.
• Pricing: $0.05 per unit; total gross proceeds of $255,000.
• Unit Composition: 1 common share + 1 transferable warrant per unit.
• Warrant Terms: Right to purchase one common share at $0.065; exercisable for two years from closing.
• Use of Proceeds: Unallocated working capital – administration costs, exploration and evaluation expenditures, and other short‑term investments.
• Hold Period: All securities subject to a four‑month hold period under applicable securities laws.
• Related Party Subscription: 655992 BC Ltd., owned by President/Director Tibor Gajdics, purchased 1,000,000 units (≈19.6% of the placement). Transaction exempt from MI 61‑101 valuation and minority approval thresholds.
• Stock Option Exercise: 200,000 stock options exercised at $0.10 per option; 200,000 common shares issued to management.
• Regulatory Notices: No U.S. offering; securities not registered under the U.S. Securities Act of 1933.

Notable Quotes

• Kevin Hanson, President: “We are pleased to have successfully closed this private placement, which provides essential capital to advance our exploration program and support short‑term working capital needs.”