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Goldstrike Announces $2,200,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2016) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1) is pleased to announce
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2016) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1) is pleased to announce a $2,200,000 non-brokered private placement. The offering was placed with strong institutional support through Exempt Market Dealers in Canada and in Europe to fund Goldstrike's 2016 exploration and drilling program in Yukon, and was oversubscribed. Accordingly, the financing will leave the Company well-funded to execute this summer's planned program and, in addition, add to the Company's working capital position which has already been greatly enhanced by the recently completed Plan of Arrangement. The offering consisted of flow-through units (each an \"FT Unit\") at the price of $0.17 and non-flow-through units (each an \"NFT Unit\") at the price of $0.13. Each FT Unit will be comprised of one common share which is a \"flow-through\" share for Canadian income tax purposes and one share purchase warrant (each full warrant a \"$0.30 Warrant\"). Each $0.30 Warrant will entitle the holder to purchase one additional common share which is not a \"flow-through\" share at the price of $0.30 for 24 months after Closing. Each NFT Unit will be comprised of one common share which is not a \"flow-through\" share and one share purchase warrant (each a \"$0.25 Warrant\"). Each $0.25 Warrant will entitle the holder to purchase one additional common share which is not a \"flow-through\" share at the price of $0.25 for a period of 36 months after Closing. If at any time after four months after the date of completion of the offering the Company's Shares have a closing price equal to or higher than $0.60 per Share for ten (10) consecutive trading days on the TSX-V (as defined herein), the Company shall thereafter be entitled to give notice to the holders of all $0.30 Warrants and $0.15 Warrants, by news release, that such warrants will expire at 4:30 p.m. (Vancouver time) on that date which is 20 days after the date of such news release unless exercised before the expiry of that period. The proceeds from the offering will be used for exploration of the Company's Yukon mineral properties and for general working capital. The Company will pay finder's fees equal to 7% of the gross proceeds from a portion of the financing, in cash or in shares, in accordance with the policies of the TSX Ventur...