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Source: Goldshore Resources Inc.
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  • Goldshore Resources (GSHR) has closed its upsized private placement for aggregate gross proceeds of $10,000,000
  • The offering was led by Eventus Capital Corp., as lead agent and sole bookrunner and included Laurentian Bank Securities Inc. and Canaccord Genuity Corp.
  • The company issued 10,810,692 flow-through shares and 3,911,908 premium flow-through shares
  • Proceeds from the offering will be used for future exploration work on its Moss Lake gold deposit in Northwest Ontario
  • Goldshore Resources is a Canadian company engaged in gold exploration
  • Goldshore Resources Inc. (GSHR) opened trading at C$0.64 per share

Goldshore Resources (GSHR) has closed its upsized private placement for aggregate gross proceeds of $10,000,000.

The offering was led by Eventus Capital Corp., as lead agent and sole bookrunner and included Laurentian Bank Securities Inc. and Canaccord Genuity Corp.

The company issued 10,810,692 flow-through shares at a price of $0.65 per share for gross proceeds of $7,026,950, and 3,911,908 premium flow-through shares at a price of $0.76 per share for gross proceeds of $2,973,050.

Goldshore has paid the agents a 6 per cent cash commission. The agents also received 880,356 compensation warrants exercisable for a period of 24 months at an exercise price of $0.65.

Proceeds from the offering will be used for future exploration work on its Moss Lake gold deposit in Northwest Ontario.

The securities issued during the offering will be subject to a four-month and one-day hold period.

Closing of the Offering is subject to final approval by the TSX Venture Exchange.

Brett Richards, President and Chief Executive Officer of Goldshore Resources commented on the capital raise.

“I am pleased we have been able to attract significant interest in Goldshore to have upsized the planned $7M fund raise to $10M, and have now closed. This fresh capital will assist us in continuing to de-risk the project as we advance our 100,000m drilling campaign well into 2022.”

Goldshore, an emerging junior gold development company, owns the Moss Lake gold project in Ontario.

Goldshore Resources Inc. (GSHR) opened trading at C$0.64 per share.

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