MONTREAL, Aug. 31 /CNW Telbec/ - Golden Goose Resources Inc. (TSX VENTURE :GGR) (the "Company") announces that it has raised gross proceeds of $1,200,000 through a non-brokered private placement of 1,500,000 common shares, issued on a flow-through basis to two subscribers, at a price of $0.80 per share. The closing is expected to take place on September 4, 2007. Under applicable securities legislation, all the common shares will be subject to a four-month hold period. No insider participated in the private placement.
The proceeds of this placement will be allocated entirely to the current drilling programs on the Company's Lac Levac property, in Quebec. Laurentian Bank Securities Inc. will receive a fee for advising on the private placement.
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, platinum group metals, and nickel properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.