(TheNewswire)
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Edmonton, Alberta, February 27, 2025 – TheNewswire - Golden Rapture Mining Corporation (CSE-GLDR) is pleased to announce that it proposes to undertake a non-brokered private placement (the “Offering”) to raise gross proceeds of up to $548,800 through the sale of up to 10,976,000 units of the Company at a price of $0.05 per Unit. Each Unit will consist of one Common Share of the Issuer and one Common Share purchase warrant (“Warrant”). Each Unit Warrant will entitle the holder to purchase one Common Share for a period of two years at a price of $0.06 per Warrant Share.
The proceeds from the Offering will be used for exploration activities at its Phillips Township gold property, marketing activities and for general working capital.
Finders’ fees may be paid in connection with the Offering in accordance with the policies of the Canadian Securities Exchange (the “CSE”). The Offering is subject to the approval of the CSE.
About Golden Rapture Mining
Golden Rapture Mining is a well-funded exploration company engaged in the acquisition, exploration, and development of high-potential assets located in favorable, established Tier 1 mining jurisdictions, being its 10,000-acre Phillips Township high-grade gold project located in the Rainy River District, NW Ontario.
On behalf of the Board
Richard Rivet, Chief Executive Officer
Email: goldenrapture@outlook.com
Phone: 780-885-9385
For more info please look at our website at
https://goldenrapturemining.com
Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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