Goldhills Holding Ltd Closes Private Placement

Goldhills Holding Ltd. has officially closed its previously announced private placement offering, issuing 3,000,000 common shares at $0.05 per share. The transaction raised gross proceeds of up to $150,000, with insiders participating by purchasing 200,000 shares. All net proceeds from the offering will be allocated for general working capital.
The shares were issued under exemptions from the formal valuation and minority shareholder approval requirements of National Instrument 61-101, specifically sections 5.5(b) and 5.7(a). These exemptions applied because the shares are not listed on a specified market and the consideration did not exceed 25% of the company's market capitalization. All common shares issued pursuant to the offering are subject to a four-month statutory hold period.