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Goldshore Resources Announces Brokered Private Placement of up to $10 Million
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Goldshore Resources Inc. (TS...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"Goldshore Resources Announces Brokered Private Placement of up to $10 MillionVancouver, British Columbia--(Newsfile Corp. - March 16, 2022) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) (\"Goldshore\" or the \"Company\"), is pleased to announce that it has entered into an engagement letter with Eventus Capital Corp. and Gravitas Securities Inc., as co-lead agents and joint bookrunners (the \"Lead Agents\"), on their own behalf and on behalf of a syndicate of agents to be formed (together with the Lead Agents, the \"Agents\"), in connection with a brokered private placement of common share units (each, a \"Unit\") at a price of $0.50 per Unit, comprised of one Common Share (as defined below) and one-half of one Warrant, flow-through units (each, a \"FT Unit\") at a price of $0.60 per FT Unit, comprised of one \"flow-through\" shares and one-half of one Warrant, and charity flow-through units (each, a \"Charity FT Unit\" and, collectively with the Units and FT Units, the \"Offered Securities\") at a price of $0.71 per Charity FT Unit, comprised of one \"flow-through\" shares and one-half of one warrant, for aggregate gross proceeds of up to $10,000,000 (the \"Offering\"). Each Unit issued in connection with the Offering will be 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 acquire one Common Share at an exercise price of $0.75, for a period of 24 months following the Closing Date, subject to acceleration if the Common Shares trade above $1.10 on the TSX Venture Exchange (the \"Exchange\") for twenty (20) consecutive days. The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering. In addition, the Company has agreed to issue to the Agents compensation warrants of the Company exercisable for a period of 24 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of FT Unit and Charity Units sold under the Offering at a price of $0.50 and $0.60, respectively. The Company intends to use the proceeds raised from the Offering for working capital and future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada.The gross proceeds from the...