Gold Canyon Proposes Private PlacementLooks like Pintree is going to get another block of shares.....Wish I had more funds to get part of the placement....
Gold Canyon Proposes Private Placement for Up to $6,000,000VANCOUVER, BRITISH COLUMBIA, Oct 14, 2010 (Marketwire via COMTEX News Network) --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
GoldCanyon Resources Inc. (TSX VENTURE:GCU) ("Gold Canyon" or "theCompany") is pleased to announce that it is offering up to 6,000,000flow-through units (the "FT Units") priced at $1.00 per FT Unit witheach FT Unit consisting of one flow-through common share (the "FTShare") and one-half of a share purchase warrant (a "Warrant") for grossproceeds of up to $6,000,000. Each full Warrant will entitle the holderto acquire a further common share of the Company at a price of $1.25per common share for a period of 24 months following the closing date.
Asyndicate of agents, led by Fraser Mackenzie Limited and includingIndustrial Alliance Securities Inc. and Stonecap Securities Inc. (the"Agents"), have agreed to act on a best efforts agency basis withrespect to the Offering.