Golden Lake Exploration Announces Successful Subscription of Private Placement

VANCOUVER, BC / ACCESSWIRE / April 16, 2024 - Golden Lake Exploration Inc. (CSE:GLM)(OTCQB:GOLXF), also known as GLM, today confirmed the full subscription of their non-brokered private placement initially announced this morning. The placement offered up to 15 million units at $0.05 each, totaling $750,000 in proceeds. Each unit consists of one common share and one transferable share purchase warrant, which allows the holder to acquire additional shares at $0.07 each over the next 24 months.

The funds raised from this offering are earmarked for the advancement of GLM's Jewel Ridge gold property located near Eureka, Nevada and for other general working capital needs. The shares issued under this financing will adhere to a mandatory four-month holding period as mandated by Canadian securities laws. Additionally, the payment of finders' fees, in line with Canadian Securities Exchange policies, might be applicable.