Golden Valley Mines Ltd. (TSX-V: GZZ) has closed a private placement of 2,823,526 common shares issued on a flow through basis at a price of $0.425 per flow through share resulting in gross proceeds of $1,200,000. Aggregate cash finder's fees of $82,343.75 were paid to two arm's length finders. The company plans to use its proceeds to incur grass roots exploration expenditures on its property portfolio in the Abitibi Greenstone Belt in Quebec and Ontario.
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Golden Valley Mines Limited (Golden Valley Mines) is a Canada-based mining exploration company. Golden Valley Mines’ primary objective is to conduct basic exploration, including initial diamond drilling, while the Company owns 100% of its properties.
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