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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (21668)9/8/2016 6:20:28 PM
From: Goose94Read Replies (1) of 203630
 
California Gold Mining (CGM-V) Sept 8, '16 announces today that it has completed the first tranche of the previously announced non-brokered private placement of units. (the “Offering”).

In the first tranche for the Company raised gross proceeds of $468,274 from the issuance of 720,421 units. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share of the Company for a period of 36 months from the date of issue at an exercise price of $1.00.

The Company intends to use the net proceeds of the Offering to initiate work on a property-wide exploration program at its Fremont Project comprising of a soil geochemistry survey, a ground IP survey and exploratory drilling; and for other general corporate purposes.

The securities issued today as part of the first tranche of the Offering are subject to a four month hold period that will expire on January 9, 2017.



About California Gold Mining Inc.

California Gold Mining Inc. is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of a land package totaling 3,351 acres of historically producing gold mines. The Fremont Property lies within California’s prolific Mother Lode Gold Belt that has produced over 50 million oz of gold historically. The Company purchased the property in March 2013.

For further information contact:

Vishal Gupta

President & CEO

647-977-9267 x333 Website: www.caligold.ca
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