Golden Pursuit Resources Completes Private Placement

Rhea-AI Summary

Golden Pursuit Resources (FPVTF) completed a non-brokered private placement totaling $711,800. The company issued 731,000 non-flow-through units for $219,300 and 1,407,143 flow-through units for $492,500.

Proceeds will fund 2026 exploration and development at the Gordon Lake NWT project and general working capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Raised total gross proceeds of $711,800 through the private placement
• Financing supports 2026 exploration and development at Gordon Lake NWT
• Additional funds available for general working capital needs
• No finder's fees were paid on this financing
• Units include one-year warrants at $0.35 and $0.40 exercise prices

Negative

• Issuance of 2,138,143 new shares leads to shareholder dilution
• All securities are subject to a four-month statutory hold, limiting near-term liquidity
• Warrants could add further dilution if exercised within one year

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Vancouver, British Columbia--(Newsfile Corp. - June 25, 2026) - Golden Pursuit Resources Ltd. (TSXV: GDP) (the "Company" or "GDP") announces that it has completed its non-brokered private placement, issuing 731,000 non-flow-through units for proceeds of $219,300.00 and 1,407,143 flow-through units for proceeds of $492,500.00. Total funds received for this financing are $711,800, which will be used for our 2026 exploration and development at our Gordon Lake NWT project, as well as general working capital.

Each non-flow-through unit consists of one non-flow-through common share and one non-flow-through warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.35 per share for a period of one year from issuance.

Each flow-through unit consists of one flow-through common share and one flow-through warrant. Each whole warrant entitles the holder to purchase one flow-through common share at a price of $0.40 per share for a period of one year from issuance.

All securities issued in connection with the private placement will be subject to a four-month statutory hold period.

No finder's fees were paid in connection with this issue.

The private placement proceeds will be used to conduct exploration programs on the Company's mineral properties at Gordon Lake in the NWT and for general corporate purposes.

About Golden Pursuit Resources Ltd.

Golden Pursuit Resources Ltd. (TSXV: GDP) is a Canadian-based mineral exploration company focused on the acquisition, consolidation, and exploration of precious metals properties in the Northwest Territories and Nevada. The Company currently holds multiple claim groups and is advancing exploration programs to define and expand mineralized zones.

GOLDEN PURSUIT RESOURCES LTD.

Per: "Brian McClay"
President

CONTACT INFORMATION:
Brian McClay
Email: bmcclay@aol.com
Tel: (604) 730-6982

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302930

FAQ

What did Golden Pursuit Resources (FPVTF) announce about its June 2026 private placement?

Golden Pursuit Resources completed a non-brokered private placement raising $711,800. According to Golden Pursuit Resources, it issued non-flow-through and flow-through units to fund exploration at Gordon Lake in NWT and provide general working capital for corporate purposes.

How many units were issued in Golden Pursuit Resources (FPVTF) June 25, 2026 financing?

Golden Pursuit Resources issued 731,000 non-flow-through units and 1,407,143 flow-through units. According to Golden Pursuit Resources, these units generated proceeds of $219,300 and $492,500 respectively, for total gross proceeds of $711,800 from the private placement.

What are the warrant terms in the Golden Pursuit Resources (FPVTF) private placement?

Each unit includes one whole warrant with a one-year term. According to Golden Pursuit Resources, non-flow-through warrants are exercisable at $0.35 per share and flow-through warrants at $0.40 per share, each into one corresponding common share.

How will Golden Pursuit Resources (FPVTF) use the $711,800 private placement proceeds?

The funds will support 2026 exploration and development at Gordon Lake and general corporate needs. According to Golden Pursuit Resources, proceeds target its mineral properties at Gordon Lake in the NWT and provide additional working capital flexibility.

Are there resale restrictions on Golden Pursuit Resources (FPVTF) private placement securities?

Yes, all securities from the placement carry a four-month statutory hold period. According to Golden Pursuit Resources, this restriction applies to every security issued in connection with the financing, temporarily limiting resale and trading liquidity for participating investors.

Did Golden Pursuit Resources (FPVTF) pay any finder's fees on the June 2026 financing?

No, the company reported that it paid no finder’s fees on this issue. According to Golden Pursuit Resources, the non-brokered private placement was completed without external commission costs, preserving more of the raised capital for exploration and corporate purposes.