Goldflare Announces Two New Private Placement Offerings

PIEDMONT, QC / ACCESSWIRE / June 27, 2024 / Goldflare Exploration Inc. (TSXV:GOFL) has announced two private placement offerings for eligible investors. The first offering is priced at $0.015 per unit, with each unit consisting of one common share and one warrant. The expected gross proceeds range between $50,000 and $100,000, representing between 3,333,333 and 6,666,666 units.

The second offering is priced at $0.02 per unit. Each unit includes one flow-through share and one warrant. The anticipated gross proceeds also range between $50,000 and $100,000, representing between 2,500,000 and 5,000,000 units.

Both placements are expected to close by July 12th, 2024, subject to final documentation and regulatory approvals. All securities issued will have a minimum holding period of four months plus one day after the closing date.

The proceeds from the common share offering will fund the Company’s working capital. The flow-through share offering will finance the Company's exploration expenses.