By Laura Lutz
Des Moines, Aug. 11 - Golden Goose Resources Inc. announced plans to complete a C$1.5 million private placement of units with MineralFields Group.
The company will sell units of one flow-through common share and one warrant for C$0.68 each. Each warrant is exercisable for one non flow-through share at a price of C$0.95 for 18 months.
The company did not specify how many units it sold.
The company also intends to sell to MineralFields C$100,000 of units consisting of one common share and one warrant, at a price of C$0.55. The warrants carry the same terms.
Golden Goose, a Montreal-based mineral exploration company, will use the proceeds to fund the drilling program at its Magino property and its Lac Levac property.
| Issuer: | Golden Goose Resources Inc.
|
| Issue: | Units of one flow-through share and one warrant and units of one share and one warrant
|
| Pricing date: | Aug. 10
|
| Investor: | MineralFields Group
|
| Stock symbol: | TSX Venture: GGR
|
| Stock price: | C$0.62 at close Aug. 10
|
|
|
| Flow-through units
|
| Amount: | C$1.5 million
|
| Price: | C$0.68
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.95
|
|
|
| Non flow-through units
|
| Amount: | C$100,000
|
| Price: | C$0.55
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.95
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
