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Golden Rapture Mining Corporation ( (TSE:GLDR) ) has shared an update.
Golden Rapture Mining Corporation has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of $185,000 through a mix of flow-through and non-flow-through units priced at $0.04, each accompanied by warrants exercisable at $0.05. The company plans to use the non-flow-through proceeds for general and administrative expenses and direct the flow-through funds toward eligible exploration work on its northwestern Ontario projects, including the strategically located Northern Queen Mine Property, while also paying cash and warrant-based finder’s fees to several financial intermediaries; the securities issued are subject to a four-month hold and the offering remains contingent on final exchange approval as the company targets additional tranches in early 2026.
More about Golden Rapture Mining Corporation
Golden Rapture Mining Corporation is a newly listed mineral exploration company focused on the acquisition, exploration and development of high-potential gold projects in northwestern Ontario. Listed on the CSE since March 2024, the company now has 43,494,390 shares outstanding and is advancing properties that include the Northern Queen Mine, located adjacent to Nexgold’s Goliath Gold Deposit and bordering Dryden Gold claims.
Average Trading Volume: 205,585
Technical Sentiment Signal: Sell
Current Market Cap: C$1.15M
For a thorough assessment of GLDR stock, go to TipRanks’ Stock Analysis page.