Guyana Goldstrike to Raise up to $2 Million in Private Placement
Zijin Resource Funds Participating
Guyana Goldstrike Inc. (GYA.V) is pleased to announce that it will conduct a non-brokered private placement to raise up to $2,000,000 through the issuance of up to 10,000,000 units at a price of $0.20 per Unit. Each “Unit” will consist of one common share and one common share purchase warrant entitling the holder to acquire a further common share at a price of $0.30 for a period of thirty-six months.
Gold Mountains Asset Management Ltd. (a subsidiary of Zijin Mining Group Ltd.), through its Zijin funds, has elected to participate in the placement on a pro-rata basis in order to maintain its 24.4% ownership interest in the Company as a strategic partner.
The proceeds from the placement will be used towards ongoing exploration work at the Company’s Marudi Gold Project, as well as for general working capital purposes.
The Company may pay finders’ fees to eligible parties who have assisted by introducing subscribers to the placement. All securities to be issued in connection with the placement will be subject to a four-month-and-day statutory hold period in accordance with applicable securities laws. Completion of the placement remains subject to the approval of the TSX Venture Exchange.