/NOT FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, March 4 /CNW/ - Golden Harp Resources Inc. ("Golden Harp")
(TSXV:GHR) today announced the completion of its initial public offering (the
"Offering") for gross proceeds of $3,111,745. The Company issued 2,557,000
Flow-Through Units and 6,333,700 Regular Units at $0.35 per unit. Each
Flow-Through Unit is comprised of one flow through common share and one half
warrant with each whole warrant exercisable into one additional common share
at $0.50 for an 18-month period. Each Regular Unit is comprised of one common
share and one warrant with each warrant exercisable into one additional common
share at $0.45 for an 18-month period. Golden Harp Resources' common shares
begin trading today on the TSX Venture Exchange under the symbol "GHR".
The Offering was sold through its agent Wolverton Securities Ltd. and
included participation from Raymond James Ltd. and Pope & Company.
Golden Harp intends to use the net proceeds of the Offering to complete
an extensive exploration and drill program on its 100%-owned, Copper Hill gold
and base metal project, which covers 145 km(2) over six townships in the
prolific Abitibi Greenstone Belt in Northern Ontario. The remaining proceeds
will be used for general working capital.
Golden Harp is a Canadian mineral exploration company with an enviable
property position in the Larder Lake Mining District of Northern Ontario. The
Copper Hill project hosts four known gold zones, a copper zone, and large
portions of the property have yet to be evaluated. The Company's strategy is
to provide its shareholders with value growth opportunities through the
exploration and discovery of new mineral deposits and by building strategic
partnerships to maximize the exploration activity and discovery potential of
its substantial land holdings.
For further information, please review Golden Harp's Final Prospectus
filed on www.sedar.com and visit www.goldenharpresources.com
Statements contained in this news release that are not historical facts
are forward-looking statements, which are subject to a number of known and
unknown risks, uncertainness and other factors that may cause the actual
results to differ materially from those anticipated in our forward looking
statements. Although we believe that the expectations in our forward looking
statements are reasonable, actual results may vary, and we cannot guarantee
future results, levels of activity, performance or achievements.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Natasha Blackburn, Chief Operating Officer,
Natasha@goldenharpresources.com, Tel: (604) 688-4277 x 225