Source: GSP Resource Corporation
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  • The company issued 999,999 units at a price of $0.35 per unit for gross proceeds of $349,999.65
  • Each unit consists of one flow-through common share and one-half of one transferable common share purchase warrant
  • GSP paid cash finder’s fees of $21,699.96 and issued 61,999 non-transferable finder warrants to eligible brokers
  • GSP Resource will complete the second tranche of its private placement in the near future
  • GSP Resource is a mineral exploration & development company
  • GSP Resource Corporation (GSPR) opened trading at C$0.24 per share

GSP Resource (GSPR) has closed the first tranche of its non-brokered private placement. 

The company issued 999,999 units at a price of $0.35 per unit for gross proceeds of $349,999.65.

Each unit consists of one flow-through common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.50 for a period of three years following the date of issuance.

In connection with the closing of the First Tranche, GSP paid cash finder’s fees of $21,699.96 and issued 61,999 non-transferable finder warrants to eligible brokers.

Proceeds will fund exploration and development work on the company’s Alwin Mine Copper-Silver-Gold Project.

GSP Resource will complete the second tranche of its private placement in the near future.

GSP Resource is a mineral exploration & development company focused on projects located in Southwestern British Columbia.

GSP Resource Corporation (GSPR) opened trading at C$0.24 per share.

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