GoldON Successfully Closes Private Placement Financing

GoldON Resources Ltd. (TSXV: GLD) has successfully completed a non-brokered private placement financing, raising $400,000 in gross proceeds. The Offering included 8,000,000 non-flow-through units priced at $0.05 each, consisting of one common share and one non-transferable share purchase warrant.

The funds raised from the Offering will be used to support work at GoldON’s 100%-owned West Madsen Gold Property and for general working capital purposes. GoldON is a mineral exploration company focused on discovery-stage properties, aiming to add value by defining or redefining exploration opportunities.

Michael Romanik, President of GoldON Resources Ltd., expressed his satisfaction with the completion of the Offering and highlighted the company’s commitment to creating value through exploration and development. The company’s goal is to maintain ownership control during the value creation phase of discovery and then partner with well-financed entities to accelerate resource definition and development.

Investors interested in learning more about GoldON Resources Ltd. can visit their website at goldonresources.com, download their investor presentation, and follow them on Twitter at https://twitter.com/GoldONResources. The company’s forward-looking statements emphasize their dedication to achieving success in the mineral exploration sector.

For more information on this press release, visit https://www.newsfilecorp.com/release/207328.