Goldhills Holding Ltd Announces Proposed Private Placement

Rhea-AI Summary

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.

AI-generated analysis. Not financial advice.

Positive

• Proposed equity financing to raise up to $150,000 in cash
• Issue price set at $0.05 per share, providing pricing clarity
• Proceeds earmarked for general working capital to support operations

Negative

• Financing will issue 3,000,000 new shares, implying shareholder dilution
• Closing is conditional on corporate and regulatory approvals, including TSXV
• Total raise of $150,000 limits immediate balance sheet expansion

Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Goldhills Holding Ltd. (TSXV: GHL) (OTC Pink: GODZF) (FSE: GRYA) ("Goldhills" or the "Company") is pleased to announce proposed private placement offering of 3,000,000 common shares at a price of $0.05 per share for total proceeds of up to $150,000 (the "Offering").

The proceeds of the Offering will be used for general working capital purposes.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.

Goldhills Holding Ltd.
Sergei Stetsenko
CEO and Director
Phone: +971502806737
http://goldhills.co/

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.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V and failure to complete the Offering. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297107

FAQ

What did Goldhills Holding (OTC:GODZF) announce on May 12, 2026?

Goldhills Holding announced a proposed private placement of 3,000,000 common shares at $0.05 per share, for gross proceeds up to $150,000. According to Goldhills, the financing is subject to corporate and TSX Venture Exchange approvals.

What are the terms of the Goldhills Holding (GODZF) private placement?

The proposed Goldhills private placement involves 3,000,000 common shares priced at $0.05 each, targeting up to $150,000 in proceeds. According to Goldhills, these funds will support general working capital needs once the placement closes.

How will Goldhills Holding (GODZF) use the $150,000 from the private placement?

Goldhills Holding plans to use the private placement proceeds for general working capital purposes. According to Goldhills, the funds are intended to support ongoing corporate and operational requirements rather than a specific project or acquisition.

Is the Goldhills Holding (GODZF) private placement already completed?

The Goldhills private placement is only proposed and has not yet closed. According to Goldhills, completion depends on satisfying several conditions, including all necessary corporate approvals and TSX Venture Exchange regulatory approval.

What approvals are required for the Goldhills Holding (GODZF) private placement?

The proposed Goldhills private placement requires multiple approvals before closing. According to Goldhills, it is conditional on receiving all necessary corporate authorizations and regulatory approvals, including approval from the TSX Venture Exchange.

How might the Goldhills Holding (GODZF) private placement affect existing shareholders?

If completed, the private placement will add 3,000,000 new common shares, diluting existing ownership percentages. According to Goldhills, the trade-off is an expected $150,000 in new working capital to help fund corporate activities.