Goldstake Explorations reports completion of non-brokered private placement financing.
Gross proceeds of $340,000 were received in consideration of the issuance of 4,533,333 Units at a price of $0.075 per Unit. Each Unit consists of one common share and one common share purchase warrant (each, a “Unit Warrant”) of the Company. Each Unit Warrant entitles the holder to purchase one common share of the Company at a price of $0.09 until June 26, 2010.
The flow-through proceeds will fund the company’s uranium, gold, copper, diamond & zinc prospects.
Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.
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