- Golden Share Resources (GSH) has announced a private placement to raise gross proceeds of $375,000
- The company will issue up to 2,500,000 units and up to 5,000,000 flow-through shares
- The proceeds will be used primarily for the exploration work at Ogoki and Kagiami Projects
- Golden Share is a natural resource exploration company focused on Northern Ontario
- Golden Share Resources Corporation (GSH) opened trading at C$0.045
Golden Share Resources (GSH) has announced a private placement to raise gross proceeds of $375,000.
The company will issue up to 2,500,000 units at $0.05 per unit for gross proceeds of up to $125,000 and up to 5,000,000 flow-through shares at $0.05 per FT share for gross proceeds of up to $250,000.
Each unit will include one common share and one common share purchase warrant. Each warrant is exercisable to acquire one additional common share at a price of $0.08 for a period of 12 months following the closing date of the offering.
The proceeds will be used for the exploration work at Ogoki and Kagiami Projects and working capital purposes. The proceeds derived from the sale of the FT shares will be used for “Canadian exploration expenses” in connection with the company’s mineral exploration programs.
The placement may be closed in one or more tranches. The initial tranche will close on or before December 22, 2022.
All securities issued will be subject to a statutory four-month hold period.
Golden Share is a natural resource exploration company focused on Northern Ontario. The company’s primary assets are the Ogoki Project (diamonds) and the Kagiami Project (base metals).
Golden Share Resources Corporation (GSH) opened trading at C$0.045.
