- Goldshore Resources (GSHR) has closed its public offering for gross proceeds of approximately $5.75 million
- The company issued 11,650,280 units at $0.25 per unit and 9,458,100 flow-through units at $0.30 per unit
- Net proceeds will be used primarily for exploration expenses on the company’s Moss Lake property in Ontario
- Goldshore Resources Inc. (GSHR) opened trading at C$0.23
Goldshore Resources (GSHR) has closed its previously announced public offering for gross proceeds of approximately $5.75 million.
The over-allotment option was fully exercised. The offering was led by Research Capital Corporation as the lead agent and sole bookrunner on behalf of a syndicate of agents, including Laurentian Bank Securities, Canaccord Genuity Corp., Gravitas Securities Inc., and Red Cloud Securities Inc. The agents received a $282,500 cash fee in connection with the offering.
The company issued 11,650,280 units at $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant.
The company also issued 9,458,100 flow-through units at $0.30 per unit. Each FT unit consists of one flow-through common share and one-half of one warrant. Each warrant will entitle the holder to purchase one additional common share for $0.40 until December 22, 2024.
The net proceeds will be used for exploration expenses on the company’s Moss Lake property, working capital and general corporate purposes.
Company insiders purchased a total of 40,000 conventional units and 118,400 FT units.
Goldshore is an emerging junior gold development company. The company owns the Moss Lake Gold Project in Ontario.
Goldshore Resources Inc. (GSHR) opened trading at C$0.23.