Goldbank Mining Corporation announced a private placement of 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on December 6, 2022. Each unit consists of one common share and one transferable warrant. Each warrant entitling the holder to purchase one additional share at a price of CAD 0.055 per share for five years.

The transaction will include flow-through basis unit for CAD 200,000 of the financing. The transaction is subject to acceptance for filing by the TSX Venture Exchange.