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Goldshore Resources Announces Increase in Size of Brokered Private Placement to $10 Million
Goldshore Resources Announces Increase in Size of Brokered Private Placement to $10 Milli...
About this update from Gold X2 Mining Inc.
[{"type":"text","content":"\n \n \n \n Goldshore Resources Announces Increase in Size of Brokered Private Placement to $10 Million\n \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 \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 2, 2021\n \n /CNW/ - Goldshore Resources Inc. (TSXV: GSHR) (OTC Markets: GSHRF) (FWB: 8X00) (\"\n \n Goldshore\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce that, due to strong investor demand, it intends to increase the size of the Company's previously-announced brokered private placement (the \"\n \n Offering\n \n \") from\n \n $7,000,000\n \n to up to\n \n $10,000,000\n \n .\n \n \n \n \n \n \n \n \n \n The Company has engaged Eventus Capital Corp., as lead agent and sole bookrunner (the \"\n \n Lead Agent\n \n \"), on its own behalf and on behalf of a syndicate of agents including Laurentian Bank Securities Inc., and Canaccord Genuity Corp. (together with the Lead Agent, the \"\n \n Agents\n \n \"), in connection with the Offering. Pursuant to the Offering, the Company will issue flow-through shares (each, a \"\n \n FT Share\n \n \") at a price of\n \n $0.65\n \n per FT Share, and premium flow-through shares (each, a \"\n \n Premium FT Share\n \n \" and, collectively with the FT Shares, the \"\n \n Offered Shares\n \n \") at a price of\n \n $0.76\n \n per Premium FT Share, for aggregate gross proceeds of up to\n \n $10,000,000\n \n . Up to 15,384,615 Offered Shares will be issued pursuant to the Offering.\n \n \n \n Brett Richards\n \n , President and Chief Executive Officer of the Company commented: \"We appreciate the strong support from the institutional investor community and look forward to accelerating the drilling at Moss Lake.\"\n \n \n The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, of which 3% will be payable in cash and 3% will be payable through the issuance of common shares of the Company at a price of\n \n $0.65\n \...