Golden Birch Announces $6 Million Private Placement

On April 16, 2020Golden Birch Resources Inc. (“Golden Birch” or the “Company”) announced that it had engaged IBK Capital Corp. (“IBK Capital”) to manage a proposed private placement financing for gross proceeds of up to C$6,000,000 through the sale of units (“Units”) of the Company at a price of C$0.15 per Unit (the “Offering”). Golden Birch has also entered into an agreement with IBK Capital to assist the Company in evaluating strategic alternatives to maximize shareholder value through advancement of the Company’s flagship property, a copper-gold project located in Papua New Guinea (the “Keveri Project”).

The Company intends to use the proceeds from this private placement for exploration on the Keveri Project, for working capital, corporate overhead and general and administrative purposes.

Golden Birch Resources Inc. is a mineral exploration company focused on acquiring, exploring, and developing quality mineral properties in Papua New Guinea. Core value for the Company are respect for the Community, the Landowners, the environment and operating a safe workplace for its employees. The Company is also committed to best practice standards of Corporate Governance.

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