|By Marketwired .||
|July 7, 2014 04:00 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/07/14 -- God's Lake Resources Inc. (CSE: GLR) (the "Company") is pleased to announce a non-brokered private placement consisting of up to 1,000,000 flow-through common shares ("Common Shares") at a purchase price of $0.25 per Common Share to raise gross proceeds of up to $250,000 (the "Private Placement").
The securities issued will be subject to a hold of four months and one day.
Qualified finders will receive a 4.5% commission on the gross proceeds raised on the Private Placement. The aggregate proceeds raised from the issuance of the Common Shares will be used by the Company to incur exploration expenditures on their properties located in Canada. These expenditures will constitute "Canadian exploration expenses" and "flow through mining expenditures" (as those terms are defined in the Income Tax Act (Canada)) which will be renounced to purchasers for the 2014 taxation year. The Private Placement will be subject to normal regulatory approvals.
About the Company:
God's Lake Resources is a junior gold exploration company and is publicly traded on the Canadian National Stock Exchange under the symbol GLR.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of God's Lake, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from God's Lake's expectations are exploration risks detailed herein and from time to time in the filings made by God's Lake with securities regulators.
Shares Outstanding: 8,272,888