Looks like theres lots of interest here as they just increased the PP by $2mil.
VANCOUVER, BRITISH COLUMBIA, May 10, 2011 - Golden Fame Resources Corp. (TSXV:GFA) ("Golden Fame" or the "Company") reports that the Company has increased its non-brokered private placement to raise up to $7,000,000 by the issuance of 21,875,000 units (the "Offering"). Each Unit will consist of one common share (a "Common Share") and one-half of a share purchase warrant (a "Warrant"). Each whole warrant will entitle the holder to purchase one common share in the capital of the Company at a price of
.52 for a period of 24 months from the closing of the offering.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
About Golden Fame Resources
The focus of Golden Fame is to acquire and put into production historically productive gold, silver and copper properties that have become economic due to the robust upward movement in metals prices.
For further information about Golden Fame Resources and this news release contact Savio Chiu at 604-688-9588.
On Behalf of the Board of Directors,
Golden Fame Resources Corp.
"Graham (Chip) Clark"
Graham Clark
President, CEO & Director