Golden Lake Secures Funding for Jewel Ridge

Golden Lake Exploration, Inc. (TSE:GLM) has released an update.

Golden Lake Exploration Inc. has announced the successful subscription of its non-brokered private placement, raising $750,000 through the sale of 15 million units at $0.05 each. The proceeds are earmarked for the advancement of the company’s Jewel Ridge gold property and general corporate purposes. Investors participating in the placement receive both a common share and a purchase warrant, with shares being subject to a four-month hold period under Canadian securities laws.

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