Goldhills Holding Ltd. (TSXV: GHL) (OTCQB: GODZF) (FSE: GRYA) has closed its non-brokered private placement, raising gross proceeds of $500,000 through the issuance of 10,000,000 units at $0.05 per unit. The offering, first announced on October 15, 2026, includes warrants exercisable at $0.07 per share for 24 months. Proceeds are earmarked for mineral exploration at the company's Lennac Lake copper-molybdenum porphyry project in central British Columbia, with the balance directed toward general working capital. Investors may be watching for final TSXV acceptance of the offering.

Key Points

  • Goldhills Holding Ltd. (TSXV: GHL) is a British Columbia–based mineral exploration company focused on copper-molybdenum
  • The company closed a $500,000 non-brokered private placement on November 5, 2026, issuing 10,000,000 units at $0.05 each
  • Each unit includes one common share and one warrant exercisable at $0.07 for 24 months; securities carry a hold period expiring March 6, 2027
  • Investors should watch for final TSXV acceptance and progress updates on the Lennac Lake project

Unit Structure and Warrant Exercise Limitations at GHL

Each unit issued under the offering consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at $0.07 for 24 months from the date of issuance. The warrants carry exercise limitations: a holder may not exercise warrants that would result in beneficial ownership exceeding 9.99% of outstanding common shares without providing 61 days' prior written notice. Exceeding 19.99% also requires disinterested shareholder approval and, where required, TSXV acceptance. No finders' fees were paid in connection with the offering.

Director Steven Sangha's Related-Party Participation and Early Warning Disclosure

Director Steven Sangha acquired 3,898,000 units under the offering for total consideration of $194,900, constituting a related-party transaction under Multilateral Instrument 61-101. The company is relying on exemptions from formal valuation and minority shareholder approval requirements, noting that neither the fair market value of securities issued nor the consideration paid exceeds 25% of market capitalisation. Following closing, Sangha beneficially owns approximately 18.36% of outstanding common shares on a non-diluted basis. The board approved the offering with Sangha abstaining. An early warning report has been made available on the company's profile.

Proceeds Directed Toward Lennac Lake Copper-Molybdenum Porphyry Project

Goldhills holds an option to acquire a 100% interest in the Lennac Lake copper-molybdenum porphyry project, located in the Omineca Mining Division of central British Columbia. The company states that net proceeds from the offering will be used for mineral exploration at the project and for general working capital. The announcement does not specify a detailed exploration work programme or timeline for activities at Lennac Lake. The offering remains subject to final acceptance by the TSX Venture Exchange, and all securities issued are subject to a statutory hold period expiring March 6, 2027.