/THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES./
TSX VENTURE EXCHANGE: GBM
TORONTO,
May 17, 2013 /CNW/ - Golden Bridge
Mining Corporation ("Golden Bridge") (TSX-V: GBM), a company listed
on the TSX Venture Exchange (the "Exchange"), is pleased to
announce that it has completed its non-brokered private placement
financing (the "Offering") through the sale of units (each a
"Unit") at a purchase price of $0.29
per Unit to raise gross proceeds of $443,015. Each Unit consists of one common share
in the capital of Golden Bridge (a "Common Share"), and one half of
one common share purchase warrant (each whole warrant, a
"Warrant"). Each Warrant entitles the holder thereof to acquire one
Common Share at a price of $0.46
until May 17, 2014.
Golden Bridge
intends to use the net proceeds of the Offering to fund its mineral
exploration program for the Hébécourt Project in the Province of
Québec and for general working capital purposes. A cash fee equal
to 8% of the gross proceeds raised under the Offering is payable as
a finder's fee to certain individuals at arm's length to Golden
Bridge.
The Common Shares and Warrants composing the
Units are subject to statutory resale restrictions until
September 18, 2013. Closing remains
subject to receipt of regulatory approval, including final approval
of the TSX Venture Exchange.
About Golden
Bridge
Golden Bridge was
incorporated under the laws of the Province of Ontario and is engaged in mineral exploration
on mineral claims known as the Hébécourt Project in the Province of
Québec. The Company is classified as a Tier 2 "Mineral Exploration"
issuer company listed on the TSX Venture Exchange.
READER ADVISORY
Statements in this press release may contain
forward-looking information. Any statements that are contained in
this press release that are not statements of historical fact may
be deemed to be forward looking statements. Forward-looking
statements are often identified by terms such as "may", "should",
"anticipate", "expects" and similar expressions. Forward-looking
information in this press release includes statements with respect
to the expected use of proceeds of the financing. The reader is
cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of Golden Bridge. The reader is cautioned not to place
undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement.
The forward-looking statements contained in
this press release are made as of the date of this press release,
and Golden Bridge does not undertake
any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by
securities law.
ON BEHALF OF THE BOARD
"Charles Qin"
Charles Qin,
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Golden Bridge Mining Corporation