GOLDRICH MINING COMPANY (OTCMKTS:GRMC) Files An 8-K Regulation FD DisclosureItem 7.01
Regulation FD Disclosure.
Goldrich Mining Company (the “Company) announced the following:
Short-term Bridge Financing
Goldrich has received a short-term bridge loan for $600,000. The interest rate is 15% per annum and the loan is due August 31, 2017. The loan is from a director of the Company. The Company is currently in discussions to obtain a long-term loan but terms have not been finalized.
June Production
Goldrich further announced the Chandalar mine produced 2,937 ounces of raw placer gold, which is approximately equivalent to 2,417 ounces of fine gold, in June. The Chandalar mine is owned by Goldrich NyacAU Placer, LLC (“GNP”), a 50/50% joint venture between Goldrich and NyacAU, to mine the various placer deposits that occur throughout Goldrich’s 23,000-acre Chandalar gold project in Alaska. NyacAU is the manager of the joint venture.
A copy of the July 28, 2017 news release is attached as Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form8-K, the information in this report, including the exhibits attached hereto, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (“the Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
99.1
News Release, July 28, 2017.*
* Furnished to, not filed with, the SEC to Item 7.01 above.
GOLDRICH MINING CO ExhibitEX-99 2 ex99.htm NEWS RELEASE Goldrich Mining Company Goldrich Mining Announces Bridge Financing and June Production Results SPOKANE,…To view the full exhibit click here
About GOLDRICH MINING COMPANY (OTCMKTS:GRMC)
Goldrich Mining Company is an exploration-stage minerals company. The Company is engaged in the business of acquiring and advancing mineral properties to the discovery points. The Company’s mineral exploration prospects are contained within its Chandalar property, located approximately 190 air miles north of Fairbanks, Alaska and over 40 air miles east of the Dalton Highway. The Chandalar property contains both the Company’s Chandalar hard-rock (lode) gold project and the Little Squaw Creek alluvial gold mine. The Company has completed approximately 15,000 feet of drilling on the upper half of the Little Squaw Creek placer project and outlined over 10.5 million cubic yards of mineralized material, at an average head grade of over 0.025 ounces of gold per cubic yard for an estimated total of approximately 250,000 contained ounces. The Company’s Chandalar property is approximately 22,860 acres, consisting of patented federal mining claims and unpatented State of Alaska mining claims.