January 6, 2022 Symbol: GDP
Vancouver, B.C., Canada, January 6, 2022 – Golden Pursuit Resources Ltd. (the “Company”) announces that further to its news releases dated November 8, 2021 the Company completed a non-brokered private placement financing of 4,416,665 flow through common shares at a price of $0.15 per common share and 100,000 common shares at a price of $0.15 per share for a total of $677,500.
One of the investors is an insider by reason of being a holder of more than 10% of the issued shares of the Company. The participation by such investor in the private placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization.
All securities issued are subject to a four month hold period which will expire on April 14, 2022. GOLDEN PURSUIT RESOURCES LTD.
Per: “Brian McClay”
Brian McClay, President
Tel: (604) 730-6982
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.