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Home : Goldeye Explorations Limited Announces Proposed Financing and Option of Van Hise Mining Claims to Transition Metals Corp.
Sep 08
2012

Goldeye Explorations Limited Announces Proposed Financing and Option of Van Hise Mining Claims to Transition Metals Corp.

TORONTO, ONTARIO--(Marketwire - Sept. 7, 2012) - Goldeye Explorations Limited (TSX VENTURE:GGY) announces that it proposes to complete a partially brokered private placement for gross proceeds of up to $4,450,000 through the sale of (i) up to 10,000,000 flow-through units at $0.15 per unit for a total of up to $1,500,000 (each unit consists of one flow-through common share and one-half of one common share purchase warrant) to be offered pursuant to the accredited investor and $150,000 exemptions in NI 45-106; (ii) up to 12,000,000 non flow-through units at $0.125 per unit for a total of up to $1,500,000 (each unit consists of one common share and one whole common share purchase warrant) to be offered pursuant to the accredited investor and $150,000 exemptions in NI 45-106; and (iii) up to 2,000,000 mixed units at $0.725 per unit for a total of up to $1,450,000 (each mixed unit consists of one common share at $0.125 per share, four flow-through common shares at $0.15 per share and three whole common share purchase warrants) to be offered in Ontario pursuant to the government incentive security exemption contained in OSC Rule 45-501. Each whole warrant entitles the holder to purchase one additional non flow-through common share for three years at a price of $0.20 per share. The TSX Venture Exchange has conditionally accepted the private placements.
Source:http://www.marketwire.com/mw/release.do?id=1698937&sourceType=3
 
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