Business
Golden Shield Announces Closing of Non-Brokered Private Placement Raising CAD $2 Million
Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the "Company" or "Golden Shield") is pleased to announce that, further to its news release dated March 9, 2026, it has closed its non-brokered private placement (the "Offering") for aggregate gross proceeds of $2,000,000, through the issuance of 8,000,000 units of the Company (the "Units") at a price of $0.25 per Unit.
About this update from Golden Shield Resources Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, April 7, 2026 /CNW/ - Golden Shield Resources Inc. (CSE: GSRI) (OTCQB: GSRFF) (FRA: 4LE0) (the "Company" or "Golden Shield") is pleased to announce that, further to its news release dated March 9, 2026, it has closed its non-brokered private placement (the "Offering") for aggregate gross proceeds of $2,000,000, through the issuance of 8,000,000 units of the Company (the "Units") at a price of $0.25 per Unit.","length":471,"tagName":"p"},{"type":"image","alt":"GSRI Logo (CNW Group/Golden Shield Resources Inc.)","displaySize":"","headline":null,"caption":"GSRI Logo (CNW Group/Golden Shield Resources Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":179,"url":"https://media.zenfs.com/en/cnwgroup.com/e645f86bc3fd2c8587c21b543c965213"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ImCAVD81QCmRMU0wXucyKg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMxNQ--/https://media.zenfs.com/en/cnwgroup.com/e645f86bc3fd2c8587c21b543c965213","width":400,"height":179}},"href":"https://mma.prnewswire.com/media/2950686/Golden_Shield_Resources_Inc__Golden_Shield_Announces_Closing_of.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Share at an exercise price of $0.35 per Share for a period of 12 months following closing, subject to an acceleration clause. If the 5-day volume-weighted average trading price of the Shares as quoted on the Canadian Securities Exchange ("CSE") is equal to or greater than $0.40 at the close of any trading day, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release (a "Warrant Acceleration Press Release") announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of the Warrant Acceleration Press Release (the "Accelerated Expiry Date"). All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately exp...