Golden Lake Exploration Inc. (CNSX:GLM) announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.45 per unit for gross proceeds of CAD 5,400,000 on February 23, 2021. Each unit will be comprised of one common share and one half of one transferable share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share for a period of 24 months from the closing date at an exercise price of CAD 0.60 per share. All shares to be issued in the transaction will be subject to a four-month hold period. The company may pay finders' fees in the transaction.