Goldhills Holding (GODZF) announced a non-brokered private placement targeting gross proceeds of up to $500,000 through the sale of units.
The offering comprises up to 10,000,000 units at $0.05 each. Each unit includes one common share and one warrant to purchase another common share at $0.07 for 24 months from issuance. Goldhills intends to use net proceeds for mineral exploration and general working capital.
Closing requires regulatory approvals, including TSX Venture Exchange acceptance. Securities issued will carry a statutory hold period of four months and one day from issuance. Goldhills may pay finders' fees in cash and/or securities. Directors and officers may participate; the company expects to rely on exemptions from formal valuation and minority shareholder approval requirements, with insider participation not exceeding 25% of its market capitalization.
Goldhills Holding (GODZF) granted incentive stock options to acquire 2,621,106 common shares to certain directors and officers under its Share Option Plan, exercisable at $0.05 per share for two years, expiring September 2, 2028, with immediate full vesting.
The allocations are: CEO/director Sergei Stetsenko 948,053 options, director Steven Sangha 948,053 options, director Wayne Morgan 500,000 options, and CFO Yuying Liang 225,000 options. Stetsenko’s holdings remain 4,725,833 common shares directly and 875,333 indirectly, with options increasing from 875,580 to 1,823,633, keeping his non-diluted ownership at 15.4% and raising his partially diluted position to 19.4%. Sangha continues to own 4,632,660 shares (12.7% non‑diluted) and now holds 948,053 options, taking his partially diluted position to 14.9%. Early warning reports for Stetsenko and Sangha will be filed on SEDAR+.
Goldhills Holding (TSXV:GHL, OTC Pink:GODZF, FSE:GRYA) closed previously announced debt settlements by issuing 2,020,660 common shares at $0.05 per share to settle $101,033 of indebtedness, compared with an earlier proposal to settle $158,133 through 3,162,660 shares. These shares are subject to a four‑month statutory hold period.
Goldhills also settled two loan agreements with director Steven Sangha, totaling $45,000 at 6% annual interest and 12‑month terms, as part of the settlements. The transactions are related party dealings under MI 61‑101, with the company relying on valuation and minority‑approval exemptions as the fair market value is below 25% of its market capitalization.
Sangha acquired 920,660 shares for $46,033, increasing his holdings from 3,744,507 shares (10.9%) to 4,665,167 shares (12.8%) of Goldhills on a non‑diluted basis.
Goldhills Holding (OTC:GODZF, TSXV:GHL) plans to settle $158,133 of debt by issuing 3,162,660 common shares at $0.05 per share to related parties. The Debt Settlement Shares will carry a four‑month hold period and the deal requires TSX Venture Exchange approval.
Goldhills Holding (TSXV:GHL, OTC:GODZF) closed a previously announced private placement, issuing 3,000,000 common shares at $0.05 for total proceeds of $150,000. Insiders purchased 200,000 shares. All shares carry a four-month statutory hold period, and net proceeds will fund general working capital.
Goldhills Holding (OTC:GODZF) announced a proposed non-brokered private placement of 3,000,000 common shares at $0.05 per share, for gross proceeds of up to $150,000.
According to Goldhills, proceeds will be used for general working capital and the financing remains subject to corporate and TSX Venture Exchange approvals.
Goldhills Holding (TSXV:GHL) (OTCQB: GODZF) has filed a drilling permit for its Lennac Lake Property in British Columbia, targeting copper deposits in the West Zone. The company plans to conduct 2800 meters of drilling across 4 sites upon permit approval. Additionally, Goldhills has expanded its exploration area by 1176.99 hectares, bringing the total to 3476 hectares.
Preliminary fieldwork has begun in the south and east zones, focusing on silver and molybdenum deposits. 324 tree bark samples were collected for analysis, with results expected in Q3. The Lennac Lake Project, located in central British Columbia, has a history of exploration dating back to 1971 and shows potential for porphyry and related mineralization discovery.