Golden Rapture Mining Launches $500,000 Flow-Through and Non-Flow-Through Financing

Executive Summary

• Golden Rapture Mining Corp. launched a financing raising gross proceeds of $500,000 through the issuance of non‑flow‑through (NFT) and flow‑through (FT) units.
• NFT proceeds will fund corporate G&A costs; FT proceeds are earmarked for eligible exploration expenses on its Northwest Ontario projects, including the newly acquired Northern Queen Mine Property.
• Units consist of $0.04 shares with common share purchase warrants exercisable at $0.05 for two years; a four‑month hold period applies to all securities.

Key Details

• Financing Structure: 12,500,000 total units split equally between NFT and FT units (6,250,000 each).
• Unit Composition:
• NFT Unit – $0.04 common share + full common share purchase warrant.
• FT Unit – $0.04 flow‑through share + half of a common share purchase warrant.
• Warrant Terms: Each whole warrant exercisable at $0.05 per share for a period of 2 years from closing.
• Gross Proceeds: $500,000 total.
• Use of Proceeds:
• NFT – corporate general and administrative expenses.
• FT – eligible exploration expenditures on NW Ontario projects, notably the Northern Queen Mine Property adjacent to the Nexgold Goliath Gold Deposit.
• Regulatory Conditions: Offering subject to CSE approval; securities subject to a four‑month hold period under Canadian securities law and any other applicable restrictions.
• Finder Fees: Company may pay finder fees at Board discretion.
• Quote: “We are proud to have assembled a strong portfolio of four gold projects… With gold prices hitting record highs this year, we're excited to explore our highly‑promising properties in what continues to be a very favourable market environment for gold explorers.” – Richard Rivet, President & CEO

Notable Quotes

• Richard Rivet: “We are proud to have assembled a strong portfolio of four gold projects… With gold prices hitting record highs this year, we're excited to explore our highly‑promising properties in what continues to be a very favourable market environment for gold explorers.”