Golden Rapture Mining Closes Final Tranche of Non-Brokered Private Placement

Executive Summary

• Golden Rapture Mining Corp. closed the second and final tranche of its $500,000 private placement, raising $339,800 in gross proceeds.
• The financing consisted of 8,495,000 Non‑Flow‑Through Units at $0.04 each; each unit includes one common share and a warrant exercisable at $0.05 for 24 months.
• Proceeds are earmarked for general & administrative expenses (non‑flow‑through) and eligible exploration costs on the NW Ontario projects, including the newly acquired Northern Queen Mine Property.

Key Details

• Tranche Amount: 8,495,000 NFT Units sold at $0.04 per unit → Gross proceeds: $339,800.00
• Unit Composition: 1 Common Share + 1 Common Share purchase warrant (exercise price $0.05, term 24 months).
• Finder Fees:
• Canaccord Genuity Corp.: cash fee $12,800 and 320,000 finder‑warrants ($0.05 exercise, 24‑month term).
• Research Capital Corp.: cash fee $8,000 and 200,000 finder‑warrants (same terms).
• Ventum Financial: cash fee $2,000 and 50,000 finder‑warrants (same terms).
• Statutory Hold Period: Common shares and warrants subject to a hold period of four months plus one day from issuance.
• Exchange Acceptance: Offering pending final acceptance by the CSE.
• Use of Proceeds:
• Non‑flow‑through funds → corporate General & Administrative costs.
• Flow‑through funds → eligible exploration expenses on NW Ontario projects, notably the Northern Queen Mine Property adjacent to Nexgold’s Goliath Gold Deposit.
• Share Count Post‑Placement: 51,989,390 Common Shares issued after completion of this financing.

Notable Quotes

• “The successful closing of our final tranche provides us with the capital needed to advance our exploration program in NW Ontario and support ongoing corporate operations,” – Richard Rivet, President & CEO.