Source: Goldshore Resources
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  • Goldshore Resources (GSHR) has upsized its non-brokered private placement for gross proceeds of $1,041,680
  • The company will issue up to 4,166,720 units priced at C$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$0.24

Goldshore Resources (GSHR) has upsized its previously announced non-brokered private placement for gross proceeds of $1,041,680.

The company will issue up to 4,166,720 units priced at C$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$0.24.


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