Gold Mountain Announces Increase in Bought Deal Public Offering to $18.5 Million

Provided By Globe Newswire

Last update: Apr 13, 2022

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, April 13, 2022 (GLOBE NEWSWIRE) -- Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA), announced today that it has entered into an amended agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 14,800,000 units of the Company (the “Units”) at a price of $1.25 per Unit (the “Issue Price”) for aggregate gross proceeds of $18,500,000 (the “Offering”).