MONTREAL, Dec. 17 /CNW Telbec/ - (TSX-V: GGR), Golden Goose Resources Inc. (the "Company") announces the closing on December 14, 2007 of a private placement of 1,875,000 common shares of the Company issued on a "flow-through" basis (the "Flow-Through Shares") at $0.80 per share to the MineralFields Group. The Company intends to use the proceeds of the offering to fund the further development and exploration of the Company's mining properties, mainly the Magino Gold Property and the Lac Levac Nickel Property. The Flow-Through Shares are subject to a four month hold period ending on April 15, 2008. Limited Market Dealer Inc. has received, as finder's fee, a cash commission representing 6% of the gross proceeds ($90,000) together with an option to purchase 112,500 common shares at a price of $0.80 per share for a period of 12 months.
"We are very pleased to be entering into this relationship with the MineralFields Group", said Jean-Marc Lacoste, President and Chief Executive Officer of the Company. "This is an important milestone in the growth of the Company and we look forward to working with MineralFields Group as we develop our holdings in our Properties."
ABOUT GOLDEN GOOSE RESOURCES
Golden Goose Resources Inc. is a Canadian public company listed on the TSX Venture Exchange under the symbol GGR. The Company is principally engaged in mineral exploration and acquisition and has a portfolio of gold and nickel-platinum group metals properties in Ontario and Quebec.
ABOUT MINERALFIELDS, PATHWAY AND FIRST CANADIAN SECURITIES(R)
MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.