Press Releases

Goldrich Announces Closing of Second Tranche of Private Placement Financing

Spokane, WA - July 1, 2014 - Goldrich Mining Company (OTCBB: GRMC) (the “Company”) is pleased to announce the closing of the second tranche of a private placement to purchase shares of its common stock and warrants. The private placement resulted in total gross proceeds to the Company of approximately $1,260,000 with $781,000 gross proceeds from the first tranche, closed June 9, 2014, and $479,000 gross proceeds from the second tranche. The proceeds of the private placement will be used primarily for ongoing development of Goldrich's Chandalar property in Alaska and general operating expense.

Pursuant to the private placement, the Company sold 22,909,001 total units at a price of $0.055 per unit with 14,208,637 units from the first tranche and 8,700,364 units from the second tranche. The units of the second tranche were sold on the same terms and conditions as the first tranche of the private placement.

Of the total issuance, officers and directors of the Company purchased 1,314,727 total units, contributing $72,310 of the total proceeds, of which $26,500 for 481,818 units was in the first tranche and $45,810 for 832,909 units was in the second tranche. Such units were purchased on the same terms and conditions as units purchased by other investors in the private placement.

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 were 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 applicable securities laws of any state of the United States.


This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements concern use of proceeds and potential exercise of the warrants. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, budgets, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might”, “should” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Investors should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in in the Company’s latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or, as well as the Company’s other SEC filings. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

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