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Bullboard - Stock Discussion Forum Golden Shield Resources Inc C.GSRI

Alternate Symbol(s):  GSRFF

Golden Shield Resources Inc. is a gold-exploration company. It is in the business of acquiring, exploring, and developing mineral properties, primarily those containing gold and associated base and precious metals. It is focused on three, 100% owned, exploration projects in Guyana, South America: Marudi Mountain, Arakaka, and Fish Creek. The Marudi Mountain project is located in southwestern... see more

CSE:GSRI - Post Discussion

Golden Shield Resources Inc > Golden Shield Closes C$6.3M Private Placement
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Post by mmck12 on Jul 05, 2022 12:27pm

Golden Shield Closes C$6.3M Private Placement

VANCOUVER, July 5, 2022 /CNW/ - Golden Shield Resources Corp. (CSE: GSRI) (Frankfurt: 4LE0) (“Golden Shield” or the “Company”) is pleased to announce that it has closed the brokered private placement originally announced on June 9, 2022 (the “Offering”). Pursuant to the Offering, the Company issued a total of 14,624,302 units (the “Units”) of the Company at a price of C$0.43 per Unit for gross proceeds to the Company of approximately $6,288,450 which includes the partial exercise of the Agent’s over-allotment option. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one common at a price of C$0.60 for a period of 24 months following the closing date. “The completion of this financing will allow Golden Shield to continue extending mineralization at the Mazoa Hill prospect as well as drill test additional exciting prospects at the Marudi Mountain project,” stated Leo Hathaway, Executive Chair of the Company.
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