Capital Pool Company Completes Private Placement

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FINANCE News

PRIVATE PLACEMENT,CAPITAL POOL COMPANY,QUALIFYING TRANSACTION

A capital pool company has successfully closed the second tranche of its non-brokered private placement, raising $298,500. The proceeds will be used for various purposes, including working capital, due diligence, and potential Qualifying Transactions.

A capital pool company has completed the second tranche of its non-brokered private placement, issuing 2,985,000 common shares at $0.10 per share for gross proceeds of $298,500. The common shares are subject to a hold period expiring on May 4, 2025. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

Proceeds will be used for audit, legal and general working capital, due diligence costs related to identifying and evaluating assets for a potential Qualifying Transaction, financing or partially financing the acquisition of significant assets in connection with a Qualifying Transaction, or for working capital after completion of a Qualifying Transaction. Mr. Richard Stone, Director of Golden Star, subscribed for $208,500 of the Offering and will place the 2,085,000 common shares in escrow

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