- Goldshore Resources (GSHR) announced a public offering of units, FT units and charity FT units for gross proceeds of up to $5,000,000
- The company will issue conventional units at $0.25, flow-through units at $0.30 and charity FT units at $0.35
- Proceeds will be used for exploration expenses on the company’s Moss Lake Gold Project
- Goldshore is an emerging junior gold development company
- Goldshore Resources Inc. (GSHR) opened trading at C$0.285
Goldshore Resources (GSHR) announced a public offering of units, FT units and charity FT units for gross proceeds of up to $5,000,000.
The company will issue conventional units at a price of $0.25 per conventional unit. Each unit will consist of one common share and one-half of one common share purchase warrant.
The company will also issue flow-through units at a price of $0.30 per FT unit. Each FT unit will consist of one flow-through common share and one-half of one warrant and charity FT unit at a price of $0.35 per charity FT unit. Each Charity FT unit will consist of one FT common share and one-half of one warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.40 for up to 24 months from the closing of the offering.
Research Capital Corporation is acting as lead agent and sole bookrunner on behalf of a syndicate of agents. The company has granted the agents an option to increase the size of the offering, exercisable at any time up to 30 days following the closing of the offering.
Proceeds from the offering of the conventional units will be used for working capital and general corporate purposes. Proceeds from the sale of FT units and charity FT units will be used for exploration expenses on the company’s Moss Lake Gold Project.
The offering is expected to close on or about December 22, 2022.
Goldshore is an emerging junior gold development company. The company owns the Moss Lake Gold Project located in Ontario.
Goldshore Resources Inc. (GSHR) opened trading at C$0.285.