PIEDMONT, QC, Nov. 21,
2022 /CNW Telbec/ - Goldflare Exploration
Inc. (TSXV: GOFL) ("Goldflare" or "the Company") announces
the closing of a private placement of $50,000 offered to eligible investors at a price
of $0.05 per unit (1 unit
= 1 common share + 1 warrant allowing the
holder to acquire 1 common share at a price of $0.065 per share, for a period of 24 months
following the closing of the Placement). The offering totals
1,000,000 common shares.
No insider participated to this placement and no intermediary
fees were engaged.
The offering is subject to final approval from the TSX Venture
Exchange.
The securities to be issued will be subject to a minimum holding
period of four months plus one day.
The placement proceeds will be used for working capital
requirements.
The TSX Venture Exchange and its
regulatory service provider (as defined by the TSX
Venture Exchange rules) cannot be held
responsible for the accuracy or veracity of this press
release.
SOURCE Goldflare Exploration Inc.