Gold Mountain Closes $10 Million Oversubscribed Private Placement

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VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSXV:GMTN)(Frankfurt:5XFA) is pleased to announce that it has closed its brokered private placement of units (the "Units") and has issued 10,310,000 Units at a price of $0.97 per Unit (the "Offering Price") for aggregate gross proceeds of $10,000,700 (the "Offering"). The Offering was led by Canaccord Genuity Corp. and Gravitas Securities Inc., as co-lead agents (collectively, the "Agents").