Golden Rapture Mining Announces Shares for Debt Settlement

2026-09-21 / @thenewswire

(TheNewswire)

Edmonton – TheNewswire - September 20, 2026 - Golden Rapture Mining (CSE-GLDR) announces that the Company intends to issue an aggregate of 480,000 common shares of the Company (“Debt Shares”) to a director, Richard Rivet, President & CEO of the Company, in exchange for the cancellation of CAD $24,000 of director fees owing from July 04, 2026 to September 20, 2026, which was previously approved by the board of directors of the Company.

The Company proposed the Debt Settlements to help preserve cash for working capital. The Debt Shares will be issued for $0.05, in accordance with the policies of the CSE and subject to their approval.

The issuance of the Debt Shares to the director constitutes a "related party transaction" as this term is defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The directors of the Company, acting in good faith, determined that the fair market value of the Debt Shares being issued pursuant to the shares for debt transaction and the consideration being paid is reasonable. The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the Debt Shares nor the debt exceeds 25% of the Company’s market capitalization. Any Debt Shares issued will be subject to a four (4) month and a day hold period.

About Golden Rapture Mining Corporation

Golden Rapture Mining Corporation is a Canadian exploration-stage company engaged in the acquisition, exploration and development of high-potential mineral properties in Ontario. The Company's portfolio of properties includes the Phillips Township, Swell Bay, Bully Boy, South of Goliath, Northern Queen and the Hutchison Mine. The Company's exploration strategy is focused on applying modern exploration techniques to historically known gold systems in established mining jurisdictions with existing infrastructure.

On behalf of the Board of Directors

Richard Rivet,
President & Chief Executive Officer
Email: goldenrapture@outlook.com
Phone: 780-729-5395
Website: https://goldenrapturemining.com
Shares issued 52,639,390

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.