Spokane, WA – April 2, 2015 - Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company”) announces the Company has closed a non-brokered private placement (the "Offering") for total aggregate proceeds of US$250,000.
The Company sold 5,000,000 million units ("Units") at a price of $0.05 per Unit. Each Unit consists of one full common share of the Company and one full share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company for a period of 60 months at a price of $0.06 per share. The Warrants are subject to a right of accelerated expiry at the Company's discretion when the closing price of its commons shares has exceeded $0.22 per share for a period of 20 consecutive trading days. Proceeds from the Offering will be used for general working capital purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. None of the common stock or warrants have been or will be registered under the Securities Act or any applicable securities laws of any state of the United States and may not be offered or sold absent such registration or an available exemption therefrom. The securities were issued to qualified investors pursuant to exemptions from such registration requirements. The warrants may not be exercised except pursuant to exemptions under the Securities Act and any applicable securities laws of any state of the United States.