Goldflare announces two new private placements

Goldflare Exploration Inc. (TSXV:GOFL) announced on June 27, 2024 two new private placement financings, intended for eligible investors. The first offering is priced at $0.015 per unit, with each unit comprising one common share and one common share purchase warrant at $0.05, valid for 36 months. The expected gross proceeds are between $50,000 and $100,000.

The second offering is offered at $0.02 per unit, comprising a flow-through share and a warrant for a common share at $0.05, valid for 12 months. The anticipated gross proceeds are also between $50,000 and $100,000.

The offerings are expected to close by July 12, 2024, subject to regulatory and TSX Venture Exchange approvals. The securities will be subject to a hold period of four months and one day. Proceeds from the investments will be used for Goldflare's ongoing operations and exploration activities.