Goldbank Mining Corporation (TSXV:GLB) announced a private placement of 10,000,000 units at CAD 0.12 per unit for gross proceeds of CAD 1,200,000 on August 21, 2017. The transaction will include participation from existing investor, Blizzard Finance Corp and individual investor, Mr. Anthony Beruschi. Each unit will consist of one common share and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.18 per share for a period of three years from the date of closing. The transaction is subject to TSX Venture Exchange approval. The company will issue portion of the financing on flow-through basis.