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Provider: Reuters Investment Profile
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Provider: GlobalData
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Provider: GlobalData
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Goldeye Explorations Ltd Announces Revisions to Private Placement


Friday, 23 Aug 2013 02:12pm EDT 

Goldeye Explorations Ltd announced that the total gross proceeds raised in the partially brokered private placement previously announced on August 19th has been revised to $447,500 from the sale of 5,750,000 non flow-through units at $0.05 per unit and 3,200,000 flow-through units at $0.05 per unit. Each non flow-through unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one additional common share for 24 months at a price of $0.10 per share. Each flow-through unit consists of one common share and one-half of a common share purchase warrant with each whole warrant entitling the holder to purchase one additional common share for 12 months at a price of $0.10 per share. The proceeds of the flow-through financing will be used for mineral exploration on Goldeye's Weebigee Project near Sandy Lake, Ontario qualifying as Canadian Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable tax credits and deductions. The non flow-through financing will be used for costs of the private placement, general administrative expenses and overhead, and exploration on the Weebigee Project. 

Company Quote

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24 Dec 2014