NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

Edmonton, Alberta / TheNewswire / March 11, 2024: Golden Rapture Mining Corporation (the "Corporation" or "Golden Rapture") (CSE: GLDR) is pleased to announce that on March 11, 2024 it completed its initial public offering (the "IPO") of 2,001,596 Units (each, a "Unit") at a price of $0.15 per Unit for gross proceeds of $300,239.40. Each Unit is comprised of one common share in the capital of the Corporation (a “Common Share”), and one half of one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of $0.20 per Common Share for a period of twenty four (24) months.

Pursuant to an agency agreement dated December 4, 2023 with the Corporation, Leede Jones Gable Inc. acted as agent (the "Agent") for the IPO. In consideration for the services provided by the Agent, the Corporation paid the Agent a cash commission in the amount of $27,021.55 and a corporate finance fee of $50,000 plus GST. Additionally, the Corporation granted the Agent an aggregate of 180,143 compensation options (the "Compensation Option"). Each Compensation Option entitles the holder thereof to purchase one Share at a price of $0.15 per Common Share, exercisable on or before March 11, 2026.

 

The Shares were listed on the Canadian Securities Exchange on March 8, 2024 and are expected to begin trading on March 12, 2024 under the symbol "GLDR".

 

The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.

 

Richard Rivet commented: “Today marks a pivotal moment for Golden Rapture Mining Corporation as we are set to commence trading on the CSE under the ticker symbol G-L-D-R on March 12, 2024.  As gold prices have broken its all-time high, it's not just a win for the precious metals but a herald of untold opportunities for us. With the gold market reaching new heights, now is our time to shine.  We hope you will join us on this golden journey, where innovation meets tradition, and potential meets realization.”

 

About Golden Rapture Mining Corporation

Golden Rapture Mining Corporation is engaged in the business of mineral exploration and the

acquisition of mineral property assets in Canada. Its objective is to locate and develop economic

precious and base metal properties of merit and to conduct its exploration program on the Phillips

Township Gold Property.

 

On behalf of the Corporation

Richard Rivet, Chief Executive Officer.

 

For further information, please contact:

Richard Rivet, Chief Executive Officer

Email: goldenrapture@outlook.com

Phone: 780-885-9385
https://goldenrapturemining.com/

 

Forward-Looking Statements:

This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Corporation's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Corporation's projects and mineral properties, and the anticipated business plans and timing of future activities of the Corporation, are forward-looking statements. Although the Corporation believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Corporation, including the Corporation's proposed expenditures for exploration work on its properties, the ability of the Corporation to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Corporation's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Corporation's prospectus dated December 14, 2024 and other filings of the Corporation with the Canadian Securities Authorities, copies of which can be found under the Corporation's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking statements. The Corporation undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.