GLR Gods Lake Resources Inc

God's Lake Resources Inc. (CNSX:GLR)(the "Company") is pleased to announce a
non-brokered private placement consisting of up to 1,000,000 flow-through common
shares ("Common Shares") at a purchase price of $0.75 per Common Share to raise
gross proceeds of up to $750,000 (the "Private Placement").


The securities issued will be subject to a hold period of four months and one day.

Qualified finders will receive a 4.5% commission on the gross proceeds raised on
the Private Placement. The aggregate proceeds raised from the issuance of the
Common Shares will be used by the Company to incur exploration expenditures on
their properties located in Canada. These expenditures will constitute "Canadian
exploration expenses" and "flow through mining expenditures" (as those terms are
defined in the Income Tax Act (Canada)) which will be renounced to purchasers
for the 2010 taxation year. The Private Placement will be subject to normal
regulatory approvals.


About the Company:

God's Lake Resources is a junior gold exploration company and is publicly traded
on the Canadian National Stock Exchange under the symbol GLR. The Company's
focus is the Sherman Lake Gold Project, located 410 km north of Red Lake
Ontario. The Sherman Lake Gold Project consists of one block of 16 leased
claims. Prospecting in 1935 led to the discovery of gold in the region.
Continued work uncovered spectacular high-grade gold bearing veins which later
became the Sachigo River Mine, producing 52,560 oz. of gold from 46,457 tons of
ore at an average grade of 1.13 oz/ton. Production commenced in 1938 and ended
in 1942 due to the lack of high grade mineralization. 


Or visit our website at www.godslakeresources.com 

CAUTIONARY STATEMENT 

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This News Release
includes certain "forward-looking statements". All statements other than
statements of historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of God's Lake, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially form those anticipated in such
statements. Important factors that could cause actual results to differ
materially from God's Lake's expectations are exploration risks detailed herein
and from time to time in the filings made by God's Lake with securities
regulators.


Shares Outstanding: 8,232,888

Gods Lake Resources (CSE:GLR)
Historical Stock Chart
From Apr 2024 to May 2024

Gods Lake Resources (CSE:GLR)
Historical Stock Chart
From May 2023 to May 2024