PIEDMONT, QC / ACCESSWIRE / November 30, 2023 / Goldflare Exploration Inc. (TSXV:GOFL) ("Goldflare" or "the Company") announces the closing of the following two private offerings:
All the securities issued are subject to a minimum holding period of four months plus one day. These Offerings are subject to final approval from the TSX Venture Exchange.
The Flow-through shares placements proceeds will be used to finance "Canadian Exploration Expenses" ("CEEs") (within the meaning of the Income Tax Act (Canada)) on Goldflare's Goldfields mining claims, located in Quebec. The Company will therefore agree to renounce these exploration expenditures in Canada with an effective date no later than December 31, 2023.
The Common shares placements proceeds will be used to finance the Company's current operations and working capital needs.
For more information:
Ghislain Morin CEO 819-354-9439 ghislainmorin@goldflare.ca | Serge Roy Chairman of the Board 819-856-8435 sergeroy@goldflare.ca |
SOURCE: Goldflare Exploration Inc.