Company sells two types of units to finance exploration and expenses
By Devika Patel
Knoxville, Tenn., Dec. 14 - Goldeye Explorations Ltd. said it will conduct a C$2 million partially brokered private placement of units.
The company will sell 20 million flow-through units of one flow-through common share and one half-share warrant at C$0.05 per unit and 20 million non flow-through units of one common share and one warrant at C$0.05 per unit.
The two-year warrants are exercisable at C$0.10, a 122.22% premium to the Dec. 13 closing share price of C$0.045.
Proceeds will be used for exploration and general and administrative purposes.
Goldeye is a gold-focused precious metals exploration company in Toronto.
| Issuer: | Goldeye Explorations Ltd.
|
| Issue: | Units of one flow-through common share and one half-share warrant, units of one common share and one warrant
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| Amount: | C$2 million
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| Price: | C$0.05
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.10
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| Pricing date: | Dec. 14
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| Stock symbol: | TSX Venture: GGY
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| Stock price: | C$0.04 at close Dec. 14
|
| Market capitalization: | C$7.12 million
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| Flow-through units
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| Amount: | C$1 million
|
| Units: | 20 million
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| Warrants: | One half-share warrant per unit
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| Non flow-through units
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| Amount: | C$1 million
|
| Units: | 20 million
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| Warrants: | One warrant per unit
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