Source: Goldshore Resources
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Goldshore Resources (GSHR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
  • The company will issue up to 4,000,000 units for $0.25 per unit
  • Net proceeds will be used primarily for exploration work on the company’s Moss Lake gold deposit
  • Goldshore is an emerging junior gold development company
  • Goldshore Resources Inc. (GSHR) opened trading at C$0.245

Goldshore Resources (GSHR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.

The company will issue up to 4,000,000 units for $0.25 per unit. Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of $0.40 at any time up to 24 months from the closing of the offering.

Net proceeds will be used for future exploration work on the company’s Moss Lake gold deposit in northwest Ontario and for general working capital.

All securities issued will be subject to a statutory four-month hold period.

Goldshore is an emerging junior gold development company. The company owns the Moss Lake Gold Project.

Goldshore Resources Inc. (GSHR) opened trading at C$0.245.


More From The Market Herald

" Osisko Mining (TSX:OSK) announces $75 million private placement

Osisko Mining (OSK) will undertake a C$75 million bought-deal private placement.
Dolly Varden Silver Corporation - President & CEO, Shawn Khunkhun.

" Dolly Varden Silver (TSXV:DV) reports highest-grade silver assay found so far on the Kitsault Valley Property

Dolly Varden Silver Corporation (DV) discovered the highest-grade silver assay found so far on the Kitsault Valley Property.

" Millennial Potash (TSXV:MLP) announces $2M private placement of units

Millennial Potash Corp. (MLP) has announced a private placement for gross proceeds of $2 million.

" Black Tusk Resources (CSE:TUSK) acquiring PegaLith Project

Black Tusk Resources (TUSK) has signed a $361,000 share purchase agreement to acquire 1396427 BC Ltd.