Golden Shield Upsizes Private PlacementVANCOUVER, June 27, 2022 /CNW/ - Golden Shield Resources Corp. (CSE: GSRI) (Frankfurt: 4LE0) (“Golden Shield” or the “Company”) announces an upsize of its private placement previously announced on June 9, 2022 and June 22, 2022 (the “Offering”). Under the amended terms of the Offering, Canaccord Genuity Corp. (the “Agent”) will now act as agent for the Company on a ‘best efforts’ agency basis in connection with a private placement of up to 12,790,697 units (the “Units”) of the Company at a price of C$0.43 per Unit (the “Offering Price”) for gross proceeds to the Company of up to approximately C$5,500,000. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of C$0.60 for a period of 24 months following the closing date of the Offering. The Company has agreed to grant the Agent an option (the “Over-Allotment Option”) to sell up to an additional 1,918,604 Units at the Offering Price, exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering to cover over-allotments, if any. If the Over-Allotment Option is exercised in full, approximately an additional C$825,000 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be approximately C$6,325,000.