Goldhills Holding Ltd Closes Private Placement
Rhea-AI Summary
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.
AI-generated analysis. Not financial advice.
Positive
- Raises $150,000 in gross proceeds via equity financing
- Insider participation of 200,000 shares aligns management with shareholders
- Proceeds earmarked for general working capital needs
Negative
- Issuance of 3,000,000 new shares dilutes existing shareholders
- All offering shares subject to four-month statutory hold period
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2026) - Goldhills Holding Ltd. (TSXV: GHL) (OTC Pink: GODZF) (FSE: GRYA) ("Goldhills" or the "Company") is pleased to announce that it has closed its previously announced private placement offering (the "Offering") issuing 3,000,000 common shares at a price of
Insiders participated purchasing 200,000 shares. The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed
All Common Shares issued pursuant to the Offering are subject to a four‐month statutory hold period. The net proceeds of the Offering will be used for general working capital purposes.
Goldhills Resources 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. 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/302984