Golden Birch Resources Inc. announced a private placement of 20,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 3,000,000 on June 22, 2021. Each unit consists of one class A common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.20 per share for a period of five years from the date of issuance. The securities issued are subject to a hold period expiring four months and one day four months from the date of closing. The company has granted the right to increase the size of the offering to IBK Capital Corp. by up to 20%, pursuant to which it may sell up to an additional 4,000,000 units by giving notice to the company prior to 48 hours before the closing date. The company will pay commissions and issue broker warrants in connection with the offering.