Goldshore Resources Announces $5 Million Public Offering

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[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Goldshore Resources Inc. (TSXV: GSHR / OTC Markets: GSHRF / FSE: 8X00) (“Goldshore” or the “Company”) is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a best-efforts public offering of securities of the Company (the “Offered Securities”) for aggregate gross proceeds of up to $5,000,000 (the \"Offering”) from a combination of: conventional units of the Company (“Conventional Units”) at a price of $0.25 per Conventional Unit. Each Conventional Unit will consist of one common share (each, a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”); flow-through units of the Company (the “FT Units”) at a price of $0.30 per FT Unit. Each FT Unit will consist of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one-half of one Warrant; and flow-through units of the Company to be sold to charitable purchasers (the “Charity FT Units”) at a price of $0.35 per Charity FT Unit. Each Charity FT Unit will consist of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Tax Act that will be issued as part of a charity arrangement and one-half of one 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 has granted to the Agents an option (the “Over-Allotment Option”) to increase the size of the Offering by up to an additional number of Offered Securities, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Offered Securities to be issued under the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering. The net proceeds from the Offering of the Conventional Units will be used for working capital and general corporate purposes. The gross proceeds from the sale of FT Units and Charity FT Units will be used for exploration expens...

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