Source: Golden Share Resources
  • Golden Share Resources (GSH) has completed a non-brokered private placement for gross proceeds of $375,000
  • The company issued 2,500,000 units for $0.05 per unit and 5,000,000 flow-through shares for $0.05 per FT share
  • Proceeds will be used to fund exploration work at the Ogoki and Kagiami Projects and for working capital purposes
  • Golden Share Resources Corporation is a natural resource exploration company focused on Northern Ontario, Canada
  • Golden Share Resources Corporation (GSH) opened trading at $0.055

Golden Share Resources (GSH) has completed a non-brokered private placement for gross proceeds of $375,000.

This private placement was conducted in accordance with the previously-announced terms.

The company issued 2,500,000 units for $0.05 per unit for gross proceeds of $125,000 and 5,000,000 flow-through shares for $0.05 per FT share for gross proceeds of $250,000.

Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable to acquire one common share at a price of $0.08 for a period of 12 months following the closing of the private placement.

Proceeds will be used to fund exploration work at Ogoki and Kagiami Projects and for working capital purposes.

All of the securities issued are subject to a statutory four-month hold period.

The company has also granted incentive stock options to certain directors, officers, advisors and consultants to purchase up to an aggregate of 2,000,000 common shares at an exercise price of $0.07 per share. 550,000 and 1,450,000 of the options are exercisable for two and three years, respectively.

Golden Share Resources Corporation is a natural resource exploration company focused on Northern Ontario, Canada.

Golden Share Resources Corporation (GSH) opened trading at $0.055.


More From The Market Online

Rapid Dose Therapeutics collaborates with NFL

Rapid Dose Therapeutics (CSE:DOSE) reveals a collaboration with the National Football League (NFL) for a funded clinical trial program.

@ the Bell: Weak bank earnings pummel TSX

Canada’s largest centre dropped nearly 1 per cent on Wednesday as Treasury yields firmed ahead of key U.S. inflation data.

ESGold acquires 39 mining claims in Quebec

ESGold (CSE:ESAU) reveals it has added 39 mining claims to its portfolio in Quebec totaling 2,286 hectares.