By Devika Patel
Knoxville, Tenn., Dec. 14 - Golden Sunset Trail Inc. said it took in C$1.12 million in a non-brokered private placement of shares. The deal priced for C$1.1 million on Oct. 11.
The company sold 7,492,370 common shares at C$0.15 apiece. It originally intended to sell 7,333,333 shares at that price.
Proceeds will be used to fund the company's acquisition of Brimstone Mining, Inc. and for working capital.
Golden Sunset is based in Grimsby, Ont. The business of Golden Sunset will be in the mineral resources industry as it will conduct the business formerly carried on by Brimstone.
| Issuer: | Golden Sunset Trail Inc.
|
| Issue: | Common shares
|
| Amount: | C$1,123,855
|
| Shares: | 7,492,370
|
| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 11
|
| Settlement date: | Dec. 13
|
| Stock symbol: | TSX Venture: GST.H
|
| Stock price: | C$0.265 at close Dec. 13
|
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