Attention Business Editors:
Goldstake closes $500,000 financing
Symbol: GXP (Toronto)
TORONTO, Feb. 22 /CNW/ - Goldstake Explorations Inc. has closed a Private
Placement of 4,550,000 units. Each unit consists of 1 common share at $0.11
plus one warrant exercisable at $0.12 valid for 2 years.
Goldstake will use these monies to fund the recovery costs of Goldstake's
gold properties in South Dakota, explore a nickel - cobalt - platinum -
palladium property in Europe and market the new e pos tech software management
system just converted to Windows 98 and NT format by Goldstake Information
Technologies Inc., a wholly owned subsidiary of Goldstake Explorations Inc.
The e pos tech software is an enterprise wide management system,
incorporating all aspects of the business from point-of-sale, customer
tracking, e commerce, inventory control, purchasing, receiving, on line
ordering, order fulfillment plus the ability to connect to existing accounting
systems.
Goldstake also announced that Martin Jones will be handling public and
investor relations for the Company.
Goldstake Explorations Inc. is an exploration and minerals development
company listed on the TSE (symbol:GXP), with mining exploration projects in
the USA, Canada, Australia and Indonesia. Goldstake Information Technologies
Inc. (G.I.T.) is a wholly owned subsidiary of Goldstake Explorations Inc.
-0- 02/22/2000
For further information: Mr. Robert Cleaver, Goldstake Explorations Inc., (416) 861-3010; Mr. Barrie Usher, Goldstake Information Technologies Inc., (416) 861-3010; Mr. Chris Brennan, Goldstake Information Technologies Inc., Calgary, (403) 543-7767; Mr. Martin Jones, Goldstake Explorations Inc., (416) 861-3010; Toronto Office e-mail: gxp@yesic.com |
