SOURCE: GoldMountain Exploration Corporation

May 14, 2008 08:30 ET

GoldMountain Exploration Announces Private Placement

BLAINE, WA--(Marketwire - May 14, 2008) - GoldMountain Exploration Corporation (OTCBB: GMEX) ("GoldMountain" or the "Company) is pleased to announce the sale and issuance of up to 10,000,000 Units of the Company securities to certain investors in a private placement (the "Offering"), effective May 13, 2008. Each Unit consists of one common share in the capital stock of the company with a par value of $0.001 per share (the "Shares") and one share purchase warrant. The Company will issue and sell each Unit for a purchase price of $0.05. Each warrant held will entitle the investor to purchase one additional common share in the capital stock of the Company for a one-year period at an exercise price of $0.15 per share.

The Company intends to use the funds for the acquisition of mining properties and working capital.

GoldMountain Exploration explores for gold, silver and other precious metals in the Americas.

GoldMountain Exploration Corporation
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Gregory Leigh Lyons, President

Contact Information

  • Contact:
    GoldMountain Exploration
    +1 (360) 332-0905