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Bullboard - Stock Discussion Forum Golden Shield Resources Inc GSRFF


Primary Symbol: C.GSRI

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 Announces C$6 Million Brokered Private
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Post by mmck12 on Jun 09, 2022 12:12pm

Golden Shield Announces C$6 Million Brokered Private

VANCOUVER, June 9, 2022 /CNW/ - Golden Shield Resources Corp. (CSE: GSRI) (Frankfurt: 4LE0) (“Golden Shield” or the “Company”) announced today that it has entered into an agreement with Canaccord Genuity Corp. (the “Agent”), pursuant to which the Agent will act as agent for the Company on a ‘best efforts’ agency basis in connection with a private placement of 10,909,090 units (the “Units”) of the Company at a price of C$0.55 per Unit (the “Offering Price”) for gross proceeds to the Company of C$6,000,000 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole 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$1.00 for a period of 24 months following the closing date of the Offering.
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