Golden Peak Announces Closing of 2ND Tranche of Private Placement
GOLDEN PEAK MINERALS INC.
SUITE 200 – 551 HOWE STREET VANCOUVER, BRITISH COLUMBIA, V6C 2C2
Telephone: (604) 683-8610 Facsimile: (604) 683-8605
NEWS RELEASE
GOLDEN PEAK ANNOUNCES CLOSING OF 2ND TRANCHE OF PRIVATE PLACEMENT
September 26, 2014
GOLDEN PEAK MINERALS INC. (the “Company”) (TSX-V: “GP”) is pleased to announce that it closed the second tranche of the non-brokered private placement announced on July 30, 2014, which tranche consisted of 432,618 units (“Units”) at a price of $0.15 per Unit for gross proceeds of $64,892. Each Unit consists of one common share and one non-transferable share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share in the capital of the Company, exercisable on or before September 26, 2016 at a price of $0.20 per share.
All such securities are subject to a hold period expiring on January 27, 2015.
In aggregate, the entire private placement was comprised of 1,668,616 Units for total proceeds of $250,292. No finder’s fee was paid in respect of such placement.
The net proceeds of the private placement will be used for general working capital purposes.
About the Company
The Company is engaged in mineral exploration in British Columbia with the objective to locate and develop economic precious and base metals properties of merit.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Robert Coltura”
Robert Coltura, President and Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.