Vancouver, BC – September 26, 2016: Golden Peak Minerals Inc. (TSX-V: GP) (the “Company”) is pleased to announce that, further to its news release dated September 20, 2016 the Company has closed a non-brokered private placement financing (the “Private Placement”) for total gross proceeds of $499,998.96
The Company has allotted and issued 4,166,658 units (the “Units”) at a price of $0.12 per Unit. Each Unit is comprised of one common share and one transferable share purchase warrant, with each share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of up to two years at a price of $0.20.
The Company intends to use the proceeds from the Private Placement for general working capital. All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on January 27, 2017.
On Behalf of the Board
Todd Hanas, 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.