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Golden Hope Mines Limited

Published : December 15th, 2008

Closes $500,000 Financing with MineralFields Group

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Keywords :   Canada | Dollar | Gold | Market | Silver |
 
 
GOLDEN HOPE MINES LIMITED
TSX VENTURE: GNH
PINK SHEETS: GOLHF
Other Recent News

December 15, 2008
Golden Hope Closes $500,000 Financing with MineralFields Group
TORONTO, ONTARIO--(Marketwire - Dec. 15, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) announces that it has completed a private placement by issuing 7,142,856 flow-through common shares to two limited partnerships associated with MineralFields Group at a price of $0.07 per share, for gross proceeds of $500,000.

In connection with the private placement, the Company paid a finder's fee of $30,000 to Limited Market Dealer Inc. ("LMD Inc."), representing 6.0% of the gross proceeds raised in the private placement and non-transferable broker warrants entitling LMD Inc. to purchase 571,428 common shares of the Company, representing 8.0% of the number of flow-through shares issued pursuant to the private placement. The broker warrants will be exercisable, in whole or in part, until December 12, 2010. Each broker warrant will entitle the holder to purchase one common share of the Company at a price of $0.07 per share for the first 12 months following closing and thereafter at a price of $0.10 per share.

The Company also paid LMD Inc. a due diligence fee of $10,000 plus GST, representing 2% of the gross proceeds raised in the private placement.

Under applicable securities legislation and policies of the TSX Venture Exchange, the flow-through common shares issued in the private placement are subject to a hold period expiring on April 13, 2009.

Golden Hope will use the proceeds from the Offering to advance the exploration on its Bellechasse project in Quebec.

About Golden Hope: Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold, silver and base metal projects suitable for underground and/or open-pit mining. The company's two areas of interest are located in Quebec, Canada and Maine, U.S.A. The Bellechasse gold project in Quebec includes the Timmins and Ascot gold zones, the Coucou volcanic target and a number of newly claimed serpentinite geological formations. For further information on Golden Hope, visit www.goldenhopemines.com.

About MineralFields, Pathway and First Canadian Securities(R): MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the company, investors should review registered filings at www.sedar.com.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Golden Hope Mines Limited
Louis Hoel
President
(416) 362-3509
Fax: (416) 864-0175
Email: info@goldenhopemines.com
Website: www.goldenhopemines.com.

INDUSTRY: Manufacturing and Production - Mining and Metals

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Gold and Silver Prices for these countries : Canada | All

Golden Hope Mines Limited
EXPLORATION STAGE
CODE : GNH.V
ISIN : CA3809261058
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Golden Hope Mines is a gold exploration company based in Canada.

Golden Hope Mines holds various exploration projects in Canada and in USA.

Its main exploration properties are BELLECHASSE and LAVAL'S MOUNTAIN in Canada and PEMBROKE in USA.

Golden Hope Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its lowest recent point on August 07, 2009 at CA$ 0.03, and its highest recent level on February 24, 2012 at CA$ 9.90.

Golden Hope Mines has 13 640 000 shares outstanding.
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Annual reports of Golden Hope Mines Limited
2006 Annual Report
Financings of Golden Hope Mines Limited
5/28/2010Announces Private Placement Oversubscription
Nominations of Golden Hope Mines Limited
12/20/2013Engages New Chief Financial Officer
1/15/2013Appoints Alain Tremblay to its Technical Advisory Committee.
1/15/2013Appoints Alain Tremblay to its Technical Advisory Committee.
8/20/2012Establishes Technical Advisory Committee, Appoints James Fra...
6/22/2012Appoints Arvind Jain to its Board of Directors
4/10/2008Announces Appointment of Andre Douchane to Board of Director...
Project news of Golden Hope Mines Limited
1/17/2013(Bellechasse)announces Additional Gold Assays from its Bellechasse-Timmin...
8/2/2012(Bellechasse)Releases NI43-101 Technical Report on the Bellechasse-Timmin...
7/3/2012Provides an Exploration Update
5/30/2012(Bellechasse)Confirms High Grade Intersection of 64.1 g/t Au (Gold) over ...
5/7/2012(Bellechasse)Intersects 25 metres of 2.06 g/t Gold and 8 metres of 2.26 g...
4/26/2012(Bellechasse)Announces Further Excellent Gold Recovery Testwork and Provi...
4/18/2012(Bellechasse)Intersects 152 Metres of 1.51 g/t Gold (Au) at Bellechasse-T...
4/11/2012drills massive sulphides at Champagne including 11.74 metres...
3/19/2012(Bellechasse)Intersects 1.33 g/t Au Over 29 Metres and 1.05g/t Au Over 33...
3/7/2012(Bellechasse)Intersects 3.08 g/t Au Over 25 Metres and 2.01 g/t Au Over 3...
3/5/2012(Bellechasse)s Long Intercept in Wedge Holes with 1.27 g/t Au Over 57 Met...
2/8/2012(Bellechasse)Intersects 4.39 g/t Au Over 33 Metres and 1.07 g/t Au Over 9...
1/26/2012(Bellechasse)Intersects 6140 g/t Au (197.4 oz/t Au) of Gold Over 1 Metre ...
1/23/2012(Bellechasse)Announces Positive Preliminary Metallurgical Testing with Ex...
12/6/2011(Bellechasse)Intersects 112 Metres Of 1.33 G/T Gold At Bellechasse-Timmin...
5/18/2011Announces Drill Results From the Winter Drill Campaign Inclu...
4/19/2011(Bellechasse)Retains SGS Canada Inc. - Geostat and GENIVAR as Independent...
3/22/2011(Bellechasse)Exploration Update; Southeastern Quebec
3/10/2011(Bellechasse)Completes Winter Drilling and Releases Further Drill Results...
3/4/2011(Bellechasse)Announces Bulk Sample Results from Bellechasse-Timmins
2/15/2011(Bellechasse)Announces Drill Results from the 88 zone including 2.72 g/t ...
1/27/2011(Bellechasse)Completes a 1700 Tonne Bulk Sample at Bellechasse-Timmins
12/1/2010(Bellechasse)Announces Drill Update
7/12/2010(Bellechasse)Resumes its 2010 Drilling Campaign
6/3/2010(Bellechasse)Further Extends its Drilling Contract as a Result of Recent ...
3/1/2010(Bellechasse)Announces Bulk Sample Results on Its Bellechasse-Timmins Pro...
1/5/2010(Bellechasse)Announces Positive Results From Geochemical Analysis on the
11/10/2009(Bellechasse)Tests for Extensions to Its Be =?ISO-8859-1?Q?llechasse=20(T...
11/5/2009(Bellechasse)Completes Trenching and Bulk Sampling on Its Bellechasse (Ti...
8/6/2009(Bellechasse)Exploration Program Update
11/24/2008(Bellechasse)Drills Second Target atRiviere des Plantes Project; Begins B...
6/17/2008(Bellechasse)Acquires Riviere des Plantes Property as Part of the Bellech...
3/3/2008Acquires Property with High Grade Historical Results: Adding...
1/30/2008(Bellechasse)' Bulk Sample Program at Bellechasse Property Yields High Gr...
9/27/2007Bellechasse project Diamond drilling update
4/18/2007(Bellechasse)Geophysics Identifies Numerous Exploration Targets
Corporate news of Golden Hope Mines Limited
11/29/2013Settles Debt and Provides Update
11/5/2013Board Responds to the Takefman News Release
9/30/2013(Bellechasse)Begins Environmental Permitting Process at Bellechasse-Timmi...
6/7/2013President’s Message in Response to Earl Takefman
6/3/2013Director nominee of Golden Hope Mines responds to 'President...
5/22/2013President’s Message to Shareholders
3/28/2013Adopts New By-Laws and Advance Notice Policy for future Shar...
11/7/2012(Bellechasse)Intersects 144 g/t (Au) Gold Over 1 Metre In a Step-Out Hole...
8/20/2012Announces Drill Campaign
6/22/2012’s President Says A Dysfunctional Market is Killing Juniors
6/18/2012(Bellechasse)provides first NI 43-101 resource estimate for the Bellechas...
4/14/2012Interview by ResourceClips.com
3/30/2012is pleased to provide its shareholders with a field program ...
3/1/2012Interview on DecisionPlus.com
1/17/2012(Bellechasse)to Acquire Additional Mining Claims in the Bellechasse/Beauc...
9/15/2011(GNH-V)
9/12/2011(Bellechasse)Reports 380.8 Metres of 0.61 g/t Au in T1 Zone from its 2011...
8/19/2011Drill Update And Drill Extension
7/14/2011Begins Summer Drill Campaign
5/19/2011Announces Its Spring Drill Campaign
1/21/2011Commences 2011 Drill Campaign
5/6/2010Announces Closing of $1,905,170 Private Placement
8/10/2009Exploration Program Update Timmins Gold Deposit
5/20/2009Releases Progress Report on Timmins Gold Deposit
2/18/2009Corporate Update-Board of Directors
1/29/2009Announces up to 9.3g/t Assay Results; Receives Positive Iden...
12/15/2008Closes $500,000 Financing with MineralFields Group
11/20/2008Midas Letter Starts Coverage of Golden Hope Mines
7/15/2008Engages Auburn Partners for Investor Relation Services
7/14/2008Announces Closing of a $640,000 Financing
6/19/2008Launches Drill Program in Bellechasse-Chaudiere Quebec: Serp...
6/19/2008Announces Closing of First Tranche of Financing
12/19/2007Announces Results From Ascot Vein Channel Samples
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