Vancouver, BC – December 14, 2015: Golden Peak Minerals Inc. (TSX-V: GP) (the “Company”) announces that it has arranged a non-brokered private placement (the “Private Placement”) of up to $500,000 in flow-though units (each a “FT Unit”) at a price of $0.07 per FT Unit and up to $100,000 in nonflow-through units (each a “NFT Unit”) at a price of $0.05 per NFT Unit.
Each FT Unit will consist of one common share of the Company and one-half of one transferable share purchase warrant. Each whole Warrant (a “Warrant”) shall be exercisable to acquire one additional nonflow through common share of the Company (a “Warrant Share”) for a period of one year at a price of $0.12 per Warrant Share.
Each NFT Unit will consist of one common share of the Company and one-half of one transferable share purchase warrant. Each Warrant shall be exercisable to acquire one Warrant Share for a period of one year at a price of $0.10 per Warrant Share.
The Company intends to use the proceeds from the Private Placement to conduct further exploration on its Foubert Lake Property in Quebec and for general working capital. The Private Placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the Private Placement are subject to resale restrictions under applicable securities legislation. The Company may pay a finder’s fee subject to TSX Venture Exchange guidelines.
On Behalf of the Board
Robert Cultura, President
Golden Peak Minerals Inc.
Neither the 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.