Golden Lake Announces Convertible Promissory Note
Golden Lake Exploration (OTCQB:GOLXF) has announced plans to enter into an unsecured, convertible promissory note to borrow C$50,000. The loan will mature on December 31, 2025, with a 10% annual interest rate. The outstanding amount can be converted into common shares at $0.05 per share, subject to a four-month statutory hold period.
The company plans to use the funds to make payments to the U.S. Bureau of Land Management to maintain its Jewel Ridge claims in good standing.
Golden Lake Exploration (OTCQB:GOLXF) ha annunciato l'intenzione di sottoscrivere una cambiale convertibile non garantita per prendere in prestito C$50.000. Il prestito scadrà il 31 dicembre 2025 e prevede un tasso d'interesse annuo del 10%. L'importo dovuto potrà essere convertito in azioni ordinarie a $0,05 per azione, con un periodo di blocco statutario di quattro mesi.
I fondi saranno impiegati per pagamenti al Bureau of Land Management degli Stati Uniti, necessari a mantenere in vigore i diritti sulle concessioni Jewel Ridge.
Golden Lake Exploration (OTCQB:GOLXF) ha anunciado su intención de suscribir un pagaré convertible no garantizado para pedir prestados C$50,000. El préstamo vencerá el 31 de diciembre de 2025 y devengará un interés anual del 10%. El saldo pendiente podrá convertirse en acciones ordinarias a $0.05 por acción, sujeto a un periodo de retención estatutario de cuatro meses.
La compañía destinará los fondos a pagos al Bureau of Land Management de EE. UU. para mantener vigentes sus concesiones en Jewel Ridge.
Golden Lake Exploration (OTCQB:GOLXF)는 C$50,000을 차입하기 위해 담보 없는 전환 약속어음을 체결할 계획이라고 발표했습니다. 대출 만기는 2025년 12월 31일이며 연 이자율은 10%입니다. 미지급 잔액은 주당 $0.05에 보통주로 전환될 수 있으며, 4개월의 법정 보유 기간이 적용됩니다.
회사는 자금을 미국 연방 토지관리국(Bureau of Land Management)에 지불하여 Jewel Ridge 채굴권의 유효성을 유지하는 데 사용할 예정입니다.
Golden Lake Exploration (OTCQB:GOLXF) a annoncé son projet de conclure un billet convertible non garanti pour emprunter C$50 000. Le prêt arrivera à échéance le 31 décembre 2025 avec un taux d'intérêt annuel de 10 %. Le montant dû pourra être converti en actions ordinaires à 0,05 $ par action, sous réserve d'une période de blocage statutaire de quatre mois.
La société prévoit d'utiliser les fonds pour effectuer des paiements au Bureau of Land Management des États-Unis afin de maintenir ses claims Jewel Ridge en règle.
Golden Lake Exploration (OTCQB:GOLXF) hat angekündigt, eine unbesicherte wandelbare Schuldverschreibung aufzunehmen, um C$50.000 zu leihen. Das Darlehen läuft am 31. Dezember 2025 aus und trägt einen Jahreszins von 10%. Der ausstehende Betrag kann in Stammaktien zu $0,05 pro Aktie umgewandelt werden, vorbehaltlich einer viermonatigen gesetzlichen Haltefrist.
Die Mittel sollen für Zahlungen an das US Bureau of Land Management verwendet werden, um die Jewel Ridge-Claims in gutem Stand zu halten.
- Secured C$50,000 in financing to maintain mining claims
- Flexible conversion option at $0.05 per share
- Relatively high interest rate of 10% per annum
- Potential dilution for existing shareholders through share conversion
- Small financing amount suggests limited financial flexibility
VANCOUVER, BC / ACCESS Newswire / August 24, 2025 / Golden Lake Exploration Inc. ("Golden Lake" or the "Company") (CSE:GLM)(OTCQB:GOLXF) announces that it proposes to enter into an unsecured, convertible promissory note (the "Note") to borrow C
The amount outstanding under the Loan is convertible into common shares of the Company ("Common Shares") at a conversion price of
About Golden Lake Exploration Inc:
Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to acquire, explore and develop economic precious and base metal properties of merit and to aggressively advance its exploration program on the Jewel Ridge property.
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Golden Lake Exploration
View the original press release on ACCESS Newswire
FAQ
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