FinancingVANCOUVER - Gulfside Minerals Ltd. ("Gulfside" or the "Company") (TSX-V: GMG) wishes to announce that it has arranged a non-brokered private placement of up to 3,000,000 flow-through units ("FT Units") at a price of
.10 per FT Unit and 4,000,000 non flow-through units ("NFT Units") at a price of
.10 per NFT Unit for total proceeds of $700,000. Each FT Unit shall consists of one flow-through common share a (a "FT Share") and one-half of one whole share purchase warrant ("FT Warrant"). Each FT Warrant entitles the holder to purchase one common share ("FT Warrant Share") at a price of
.15 per FT Warrant Share for a period of 12 months following the closing date. Each NFT Unit shall consist of one common share (a "NFT Share") and one whole share purchase warrant (a "NFT Warrant). Each NFT Warrant entitles the holder to purchase one common share ("NFT Warrant Share") at a price of
.15 per NFT Warrant Share for a period of 12 months following the closing date.