VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2012) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Golden Raven Resources Ltd. ("Golden Raven" or the "Company") is pleased to announce that it has closed the final tranche of a non-brokered private placement to raise up to a total of $1,318,000 through the issuance of up to 26,360,000 units of Golden Raven (the "Units") at a price of $0.05 per Unit (the "Offering"). Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant shall be exercisable to acquire one common share for a period of 18 months from the issue date at an exercise price equal to $0.10. This final tranche of the Offering totaled 1,800,000 Units for aggregate gross proceeds of $90,000. In the first tranche of the Offering, which was announced on June 14, 2012, a total of 24,560,000 Units were issued for aggregate gross proceeds of $1,228,000.
The securities being offered hereby have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or province in which such offer, solicitation or sale would be unlawful.
Cautionary Note Regarding Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions and include statements about the closing of the second tranche of the Offering. The company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.