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Golden Dory Announces Non-Brokered Private Placements
Golden Dory Announces Non-Brokered Private Placements
About this update from Goldmoney Inc.
[{"type":"text","content":"\nGolden Dory Announces Non-Brokered Private Placements\n\n\n Sep. 22, 2009 (Filing Services Canada) -- Golden Dory Resources Ltd. (GDR - TSX Venture), (the \"Company\" or \"Golden Dory\") is pleased to announce that it is offering separate non-brokered private placements of up to 5,357,143 flow-through units (\"FT Units\") at a price of CDN $0.14 per FT Unit for gross proceeds of CDN $750,000 and up to 6,250,000 non flow-through units (\"NFT Units\") at a price of CDN$0.12 per NFT Unit for gross proceeds of CDN $750,000.Each FT Unit will consist of one flow-through share and one-half of one share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at a price of $0.25 per share for a period of 18 months from closing. Each NFT Unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of $0.20 per share for a period of 18 months from closing. The proceeds from the offering will be used for exploration on Golden Dory's properties and for working capital. The financing is anticipated to close in two or more tranches with the MineralFields Group subscribing for 2,714,285 of the FT Units ($380,000) for which the Company will pay a cash finder's fee of 5% and issue a non transferable finder's option to Limited Market Dealer Inc. (the \"LMD Finder's Option\"). The LMD Finder's Option will entitle the holder to purchase at a price of $0.14 up to 10% of the FT Units to be purchased by the MineralFields Group (the \"LMD Finder's Units\"), each LMD Finder's Unit consisting of one common share and one - half of a share purchase warrant, each whole warrant entitling the holder to acquire a further common share for $0.25 for a period of 18 months from closing. The remainder of the financing will be subject to a cash finder's fee of 8% of proceeds raised plus a finder's option (the \"Finder's Option\") entitling the holder to purchase at a price of $0.14 each that number of units (the \"Finder's Units\") equal in number to 10% of the aggregate remaining number of FT units and NFT Units sold. The Finder's Units will have the same characteristics as the LMD Finder's Units. This transaction is subject to approval from the TSX Venture Exchange. The Company currently has 29.6 million common sha...