Gold Line Resources Ltd. announced a non-brokered private placement of 10,833,334 units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 1,300,000 on September 24, 2021. The transaction will include participation from 2 insiders of the company for 520,000 units. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of CAD 0.18 per warrant share for a period of twenty-four months from the date of issuance. The warrants are subject to an acceleration right that allows the company to give notice of an earlier expiry date if the company's closing share price on the TSX Venture Exchange is equal to or greater than CAD 0.32 for a period of ten consecutive trading days. The company will pay a finder's fee of 6% on the gross proceeds from subscribers introduced by certain finders, and will issue such number of finder's warrants as is equal to 6% of the units sold to subscribers introduced by certain finders. Each finder's warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.18 per share for a period of twenty-four months from the date of issuance, subject to the acceleration right. All securities issued will be subject to a four month and one day hold period. The transaction is subject to approval from the TSX Venture Exchange. The transaction is fully subscribed.