Golden Bridge Mining Corporation announces closing of first tranche of non-brokered flow-through private placement
August 30 2012 - 9:12PM
PR Newswire (Canada)
TSX VENTURE EXCHANGE: GBM TORONTO, Aug. 31, 2012 /CNW/ - Golden
Bridge Mining Corporation ("Golden Bridge") , is pleased to
announce that is has closed the first tranche of its non-brokered
private placement financing through the sale of 518,286 common
shares on a flow-through basis (the "Flow-Through Shares") at a
price of $0.28 per Flow-Through Share for gross proceeds to Golden
Bridge of approximately $145,120. Golden Bridge intends to use the
proceeds of the private placement for mineral exploration on its
Hébécourt project in Québec. Golden Bridge will pay a
finders' fee of 8% of the gross proceeds of the private placement
to certain persons who are at arm's length to Golden Bridge in
connection with the private placement. The Flow-Through Shares are
subject to statutory resale restrictions until January 1, 2013.
Closing of the second and final tranche of the financing is
expected to occur on or before September 14, 2012 and remains
subject to receipt of regulatory approval, including final approval
of the TSX Venture Exchange. About Golden Bridge Golden Bridge,
formerly a capital pool company named Greater China Capital Inc.,
was incorporated under the laws of the Province of Ontario and is
engaged in mineral exploration on mineral claims known as the
Hébécourt project in the province of Québec. READER ADVISORY The
TSX Venture Exchange Inc. has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved
the contents of this press release. Statements in this press
release may contain forward-looking information. Any statements
that are contained in this press release that are not statements of
historical fact may be deemed to be forward looking statements.
Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "expects" and similar expressions.
Forward-looking information in this press release includes terms
and conditions of the qualifying transaction and associated
transactions. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Golden Bridge. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this press release are made
as of the date of this press release, and Golden Bridge does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by securities law. THIS PRESS RELEASE, REQUIRED BY
APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. ON
BEHALF OF THE BOARD "Charles Qin" Charles Qin, Chief Executive
Officer and Director Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. Golden Bridge Mining
Corporation CONTACT: Golden Bridge Mining CorporationCharles Qin,
Chief Executive Officer and Director1020 Denison Street,Suite
200,Markham, Ontario, CanadaL3R 3W5Telephone: (905)
604-2351Facsimile: (905) 604-2391
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