Each Unit will comprise one common share and one common share purchase warrant (each whole common share purchase warrant, a 'Warrant'), with each Warrant being exercisable to acquire one common share of the Company at a price of
The proceeds of the Private Placement will be used by the Company for the exploration work at
One insider of the Company participated in the Private Placement. Following closing of the Private Placement, the insider will own 8.03% and 10.36% of the Company's issued and outstanding common shares on undiluted and diluted basis, respectively.
The subscription of Units to insiders pursuant to the private placement is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization.
All of the securities issuable in connection with the Private Placement will be subject to a hold period expiring four months and one day after date of issuance.
Completion of the Private Placement is subject to the receipt of TSX Venture approval.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in
The Company has also granted incentive stock options to certain directors, officers, advisors and consultants to purchase up to an aggregate of 2,000,000 Common Shares at an exercise price of
About Golden Share
Golden Share is a natural resource exploration company focused on
Neither
Contact:
CEO
E-mail: info@goldenshare.ca
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