Golden Independence Announces Revaluation of Private Placement Funding

Vancouver, British Columbia – (Newsfile Corp. – March 31, 2021) – Golden Independence Mining Corp. (CSE: IGLD), (OTCQB: GIDMF), (FSE: 6NN) (the “Society” Where “IGLD“) announces that it is reassessing its previously announced unmediated private placement financing (the”Private placement“). The Private Placement will henceforth cover a maximum of 8,000,000 units (“Units“) at a price of $ 0.25 per unit for gross proceeds of up to $ 2,000,000. The Company retains the option of increasing the private placement to 10,000,000 units for gross proceeds of up to 2 $ 500,000 The Company has received subscription forms for almost the entire amount and will seek to close imminently upon receipt of the acknowledgment forms from subscribers for the price review.

Each unit will consist of one ordinary share (a “Ordinary share“) and half a common share purchase warrant (each entire warrant has “To guaranteeEach warrant will entitle the holder to acquire one additional common share at an exercise price of $ 0.42 for 24 months from the date of issue. All other terms of the private placement remain unchanged.

All securities issued under the private placement will be subject to a four-month holding period from the date of issue. Completion of the private placement is subject to the approval of the Canadian Securities Exchange.

About Golden Independence Mining Corp.

Golden Independence Mining Corp. is an exploration company currently focused on exploring the late-stage Independence gold property located in the Battle Mountain-Cortez, Nevada trend and the Champ precious metals property near Castlegar, British Columbia. The Independence Gold property benefits from more than US $ 25 million of previous exploration, including more than 200 holes drilled, and is located adjacent to Nevada Gold Mines’ Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.


Christos Doulis, Managing Director
Phone: 1.647.924.1083 Email: [email protected]

Forward-looking information

This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. This forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and these forward-looking statements are not guarantees of future performance of the Company, and include, without limitation, statements regarding the completion of the investment. private. There are numerous risks and uncertainties which could cause the actual results and the plans and objectives of the Company to differ materially from those expressed in the forward-looking information contained in this press release, including, without limitation, the following risks and uncertainties: (i) the risk that the Canadian Securities Exchange will not accept the terms of the private placement; (ii) the risk that the Company will not be able to find suitable buyers for the Private Placement; and (iii) management’s discretion regarding the use of the product. Actual results and future events could differ materially from those anticipated in this information. This forward-looking information is based on estimates and opinions of management as of the date hereof and is expressly qualified by this notice. The risks and uncertainties relating to the Company’s business are discussed in more detail in the Company’s disclosure documents filed with securities regulatory authorities in Canada at The Company assumes no obligation to update forward-looking information or to update the reasons why actual results could differ from such information, except as required by applicable law.


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