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GOLD STRIKE CLOSES INITIAL TRANCHE OF BOUGHT-DEAL FINANCING OF SUBSCRIPTION RECEIPTS FOR GROSS PROCEEDS OF $16 MILLION
GOLD STRIKE CLOSES INITIAL TRANCHE OF BOUGHT-DEAL FINANCING OF SUBSCRIPTION RECEIPTS FOR GROSS PR...
About this update from Gold Strike Resources Corp.
[{"type":"text","content":"\n\n\nGOLD STRIKE CLOSES INITIAL TRANCHE OF BOUGHT-DEAL FINANCING OF SUBSCRIPTION RECEIPTS FOR GROSS PROCEEDS OF $16 MILLION\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/www.goldstrikeresourcescorp.comTSX-V: GSRVANCOUVER, BC, March 25, 2026 /CNW/ - Gold Strike Resources Corp. (the \"Company\" or \"GSR\") (TSXV: GSR) is pleased to announce, further to its news release dated March 3, 2026, that it has closed the first tranche (\"Tranche 1\") of its previously announced private placement offering (the \"Offering\") of subscription receipts (the \"Subscription Receipts\"), completed on a \"bought-deal\" basis by ATB Capital Markets Corp. and Canaccord Genuity Corp. (together, the \"Underwriters\"). The Company has issued an aggregate of 29,090,773 Subscription Receipts at a price of $0.55 per Subscription Receipt (the \"Issue Price\"), for aggregate gross proceeds of $15,999,925.15, including partial exercise of the over-allotment option (the \"Over-Allotment Option\") granted to the Underwriters. The Company has also received over $1,000,000 of additional committed subscriptions for Subscription Receipts, which will be included in a second tranche of the Offering (including any additional exercise of the Over-Allotment Option), which is expected to close on or about April 7, 2026.\nPeter Miles, CEO of the Company, commented: \"We are pleased to announce the closing of the initial tranche of our bought-deal financing, which reflects strong investor confidence in our transformational acquisition of the Florin, the FLR and the RJ gold projects. We are currently engaging contractors to undertake an approximate 10,000 meter drill program expected to commence around June 15, 2026, subject to closing of the acquisition. The drill program will focus on the Florin Project with both infill and exploration drill collar locations being planned. Sampling and geophysical programs at Gold Strike One and Two, RJ and the FLR claim ...