Golden Bridge Mining Corporation announces private placement of up to 1,000,000 Flow-Through common shares for proceeds of up t
01 August 2012 - 1:14PM
PR Newswire (Canada)
TSX VENTURE EXCHANGE: GBM TORONTO, Aug. 2, 2012
/CNW/ - Golden Bridge Mining Corporation ("Golden Bridge") , a
company listed on the TSX Venture Exchange (the "Exchange"), hereby
announces a non-brokered private placement of up to 1,000,000
Flow-Through common shares (the "Flow-Through Shares") at a price
of $0.28 per Flow-Through Share for gross proceeds to Golden Bridge
of up to $280,000. The net proceeds of the offering will be
used for mineral exploration for Golden Bridge's Hébécourt project
in Québec. Golden Bridge will pay a finders' fee of 8% of the gross
proceeds of the private placement to certain persons who are at
arm's length to Golden Bridge. About Golden Bridge Golden Bridge,
formerly a capital pool company named Greater China Capital Inc.,
was incorporated under the laws of the Province of Ontario and is
engaged in mineral exploration on mineral claims known as the
Hébécourt project in the province of Québec. READER ADVISORY The
TSX Venture Exchange Inc. has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved
the contents of this press release. Statements in this press
release may contain forward-looking information. Any statements
that are contained in this press release that are not statements of
historical fact may be deemed to be forward looking statements.
Forward-looking statements are often identified by terms such as
"may", "should", "anticipate", "expects" and similar expressions.
Forward-looking information in this press release includes terms
and conditions of the qualifying transaction and associated
transactions. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Greater China. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this press release are made
as of the date of this press release, and Golden Bridge does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by securities law. THIS PRESS RELEASE, REQUIRED BY
APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. ON
BEHALF OF THE BOARD "Charles Qin" Charles Qin, Chief Executive
Officer and Director Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. Golden Bridge Mining
Corporation CONTACT: Golden Bridge Mining CorporationCharles Qin,
Chief Executive Officer and Director1020 Denison Street,Suite
200,Markham, Ontario, CanadaL3R 3W5Telephone: (905)
604-2351Facsimile: (905) 604-2391
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