Golden Brand Resources Inc. (TSX-V: GBN) has closed its first tranche of the private placement by issuing 2,441,711 flow through (FT) units for C$0.30 per FT unit resulting in gross proceeds of C$732,513. The agents that worked in connection with the offering are Cormark Securities Inc. and Casimir Capital L.P.
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On a non-brokered basis, the company has also sold 2,839,333 FT units for C$0.30 per FT unit and 900,000 non FT units for C$0.25 per non FT unit for aggregate gross proceeds of C$1,076,800.
Golden Band Resources Inc. (Golden Band) is a Canada-based, exploration-stage, natural resource company focused on the long-term exploration and development of gold from its La Ronge Gold Belt properties in northern Saskatchewan. The Company has assembled through staking and acquisition a land package in excess of 750 square kilometers, including 12 known gold deposits, four former producing gold mines, and a provincially licensed 400 tons per day gold mill and tailings facility.
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