Business
Goldshore Announces Private Placement of up to $1 Million
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2022) - Goldshore Resources Inc. (TS...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Announces Private Placement of up to $1 MillionVancouver, British Columbia--(Newsfile Corp. - December 23, 2022) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\") is pleased to announce a non-brokered private placement of up to 4,000,000 units (each, a \"Unit\") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the \"Financing\"). Each Unit issued in connection with the Financing is comprised of one common share of the Company (each, a \"Common Share\") and one-half common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.40 at any time up to 24 months from the closing of the Offering. The Company intends to use the proceeds raised from the Financing for future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada and for general working capital purposes.The securities issued pursuant to the Financing will be subject to a four-month and one day hold period under applicable securities laws in Canada. Closing of the Financing is subject to approval by the TSX Venture Exchange.This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any U.S. state securities laws, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. About GoldshoreGoldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a large shareholder of Goldshore with an approximate 23% equity position in the Company. Well-financed and supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss ...