E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/16/2011 in the Prospect News PIPE Daily.

Goldstrike amends private placement of stock to raise C$1.45 million

Aberdeen Gould Capital Markets will now assist with offering

By Devika Patel

Knoxville, Tenn., Dec. 16 - Goldstrike Resources Ltd. said it amended a private placement of stock to raise C$1.45 million. The deal priced for C$5 million Nov. 11. It was previously to be non-brokered, but will now be conducted by Aberdeen Gould Capital Markets Ltd.

The company will now sell 100,000 common shares at C$0.60 apiece and 2,318,000 flow-through common shares at C$0.60 per flow-through share. The prices per share are a 9.09% discount to the Nov. 10 closing share price of C$0.66.

It previously planned to sell C$3 million of common shares at C$0.60 apiece and C$2 million of flow-through common shares at C$0.70 per flow-through share.

Proceeds will be used for exploration of the company's Yukon mineral properties, the acquisition of additional assets and for general working capital.

Goldstrike is a gold exploration company based in Vancouver, B.C.

Issuer:Goldstrike Resources Ltd.
Issue:Flow-through common shares, common shares
Amount:C$1,450,800
Price:C$0.60
Warrants:No
Agent:Aberdeen Gould Capital Markets Ltd.
Pricing date:Nov. 11
Amended:Dec. 16
Stock symbol:TSX Venture: GSR
Stock price:C$0.66 at close Nov. 10
Market capitalization:C$20.2 million
Common shares
Amount:C$1,390,800
Shares:2,318,000
Flow-through shares
Amount:C$60,000
Shares:100,000

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.