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| Home : Gold Canyon Closes $1,306,850 Non-Brokered Private Placement |
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Feb 06
2015 |
Gold Canyon Closes $1,306,850 Non-Brokered Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2015) - Gold Canyon Resources Inc. (TSX VENTURE:GCU) ("Gold Canyon" or the "Company") is pleased to announce that it has now closed the private placement (the "Private Placement") of 11,835,000 common share units (the "Units") described in its January 30, 2015 news release together with an additional 45,454 Units pursuant to subscriptions received subsequent to that news release. Units were priced at (Cdn)$0.11 per Unit, for gross proceeds to the Company of (Cdn)$1,306,850. Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant of the Company exercisable at any time up to 4:30 p.m. (Vancouver time) on February 5, 2018 for one common share at a price of (Cdn)$0.17 per share. In the event that at any time after February 5, 2016, the closing price of the Company's shares, as traded on the TSX Venture Exchange, equals or exceeds (Cdn)$0.75 per share for a period of twenty (20) consecutive trading days, the Company may provide notice to the warrant holders to exercise their warrants within thirty (30) days or the warrants will expire. |
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| Source:http://www.marketwired.com/mw/release.do?id=1989263&sourceType=3 |
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