Source: Gold Line Resources Ltd.
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  • Gold Line Resources (GLDL) has amended the terms of a previously announced non-brokered private placement
  • Subscribers may now purchase up to 25,000,000 units at a price of $0.16 per unit for aggregate proceeds of up to $4,000,000
  • One or more members of the Sprott group of companies have agreed to act as finders with respect to the sale of 18,750,000 units
  • Gold Line Resources is focused on acquiring mineral properties in the gold-producing regions of Fennoscandia, Sweden
  • Gold Line Resources Ltd. (GLDL) is down 5.26 per cent, trading at C$0.18 per share

Gold Line Resources (GLDL) has amended the terms of the non-brokered private placement announced on December 31, 2021.

Subscribers may now purchase up to 25,000,000 units at a price of $0.16 per unit for aggregate proceeds of up to $4,000,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.25 for three years from the date of issuance.

The company will pay finder’s fees and issue finder’s warrants. 

One or more members of the Sprott group of companies have agreed to act as finders with respect to the sale of 18,750,000 units, thereby increasing anticipated aggregate gross proceeds to $4 million.

The placement is subject to approval from the TSX Venture Exchange. All securities issued under the Private Placement will be subject to a four-month hold period.

Gold Line Resources is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of the Fennoscandian Peninsula, Sweden. Gold Line currently holds a prospective portfolio of five gold exploration projects in Sweden.

Gold Line Resources Ltd. (GLDL) is down 5.26 per cent, trading at C$0.18 per share.

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