Business
Goldstake Completes Private Placement
Goldstake Completes Private Placement.
About this update from Greenridge Exploration Inc
[{"type":"text","content":"\n\n\n\n\nTORONTO, Dec. 19 /CNW/ - Goldstake Explorations Inc. (TSX Symbol: GXP) is\npleased to announce that it has closed a non-brokered private placement to\nraise $1,000,000.\nThe private placement consisted of a sale of 5,000,000 Units and\n5,000,000 Flow-through Common Shares, priced at $0.10 each, respectively. The\nUnits consist of one common share of the Company and one-half of one common\nshare purchase warrant (each whole common share purchase warrant, a\n\"Warrant\"). Each Warrant entitles the holder to purchase one common share of\nthe Company at $0.15 until December 16, 2006.\nThe flow-through funds will be used for further diamond drilling and bulk\nsampling on the high-grade gold (please read Company News Releases dated\nApril 21, 2005 and June 7, 2005 on web site www.goldstake.com) and diamond\nproperty, held under option from Transpacific Resources Inc., in McGarry\nTownship, northeastern Ontario (one mile northwest of the Kerr Addison Mine).\nThe balance of funds will be used for working capital.\n\nGoldstake Explorations Inc. is a Canadian mining exploration company with\na diversified portfolio of precious, base metals and diamond properties in\nCanada, United States and Australia. The Company's strategy is to focus in the\nnear term on the exploration and development of its promising McGarry project\nnear Kirkland Lake, Ontario, \"Prospect D\" (Nickel/Copper) and the Home of\nBullion Mine (Copper, Silver, Lead and Zinc) in the Northern Territory of\nAustralia.\n%SEDAR: 00003881E\n\n\n","length":1572,"tagName":"div"}]