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Golden Goose Resources Inc. - $3,100,000 Private Placement
Golden Goose Resources Inc. - $3,100,000 Private Placement.
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, March 21 /CNW Telbec/ - Golden Goose Resources Inc. (the\n"Company") (TSX- Venture: GGR) announces that it is seeking to complete two\nprivate placements: (i) one placement of Units at a price of $0.70 per Unit,\neach Unit consisting of one Common Share and one half of a warrant to purchase\na Common Share, for proceeds of up to $2 million (the "Unit Placement") and\n(ii) one placement of Flow-Through Common Shares at a price of $0.75 per\nShare, for proceeds of up to $1.1 million (the "Flow-Through Placement"). Each\nfull warrant granted pursuant to the Unit Placement will entitle the holder to\npurchase one Common Share at a price of $0.95 per share and will expire\n12 months after its issue. The placements are subject to regulatory approval.\n\n\nThe Company will use the proceeds of the Flow-Through Placement to fund\nthe drilling program at the Company's 100% owned Magino property and fund the\ndrilling program on its 100% owned Lac Levac property. The Magino property is\nlocated next door to the Richmond/Patricia's "island gold" project located\n50 kilometers Northeast of Wawa, Ontario. The Company will use the proceeds of\nthe Unit Placement for general corporate purposes.\n\n\nGolden Goose Resources Inc. is a Canadian public company listed on the\nTSX Venture Exchange under the symbol GGR. The Company is principally engaged\nin mineral exploration and acquisition and has a portfolio of gold, platinum\ngroup metals, and nickel properties in Ontario and Quebec.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1729,"tagName":"div"}]