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10. Subsequent Events
6 Months Ended
Jun. 30, 2014
Notes  
10. Subsequent Events

10. SUBSEQUENT EVENTS

 

On July 18, 2014, Goldrich Mining Company completed the third and final tranche of its private placement financing. In total the Company raised gross proceeds of $1,524,000 through the issuance of 27,726,090 units at a price of $0.055 per unit. Officers and directors of the Company took part in the offering, purchasing a total of 1,424,454 units under the same terms and conditions as units purchased by other investors in the private placement. The placement agent for the Offering was paid a sales commission of 8% of gross proceeds raised from the Offering, placement agent warrants equal to 10% of the total units sold, and expenses equal to 2% of the gross proceeds of the securities sold in the offering. Each placement agent warrant is exercisable to purchase one share of common stock of the Company at $0.055 and shall be exercisable for five years.