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Goldstrike Closes $3,030,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 7, 2016) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1). The Company pleased to
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 7, 2016) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1). The Company pleased to report that it has closed the final tranche of its non-brokered private placement announced on March 24, 2016, raising gross proceeds from all tranches totalling just over $3,030,000. The Company issued 5,470,014 flow-through units (each an \"FT Unit\") at the price of $0.17 each on March 21, 2016 for gross proceeds of $929,902.38 and 16,167,517 non-flow-through units (each an \"NFT Unit\") at the price of $0.13 each for gross proceeds of $2,101,777.21 (11,705,979 NFT Units on March 24, 2016 and 4,461,538 NFT Units on April 5, 2016). Each FT Unit was comprised of one common share which is a \"flow-through\" share for Canadian income tax purposes and one share purchase warrant exercisable to purchase one additional common share which is not a \"flow-through\" share at the price of $0.30 until March 21, 2018. Each NFT Unit was comprised of one common share which is not a \"flow-through\" share and one share purchase warrant exercisable to purchase one additional common share which is not a \"flow-through\" share at the price of $0.25 until March 24, 2019 for the NFT Units issued on March 24, 2016 and until April 5, 2019 for the NFT Units issued on April 5, 2016. All warrants are subject to the additional condition that if at any time after four months after their respective dates of distribution 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 Venture Exchange (the \"TSXV\"), the Company shall thereafter be entitled to give notice to the holders, 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. This financing will leave the Company fully funded to execute this summer's planned exploration and drilling program on its flagship Plateau gold property in Yukon, where significant drill results have been obtained in multiple holes (best intersection to date 13.25 grams per tonne gold over 17.5 metres true width in the Goldstack Zone, including 35.88 grams per tonne gold over 5.7 metres) (News Release September 9, 2015). The company also recently added sign...