Gold Canyon Resources (GCU-V) closes $1.95-million private placement
Aug 8, 2013 - News Release
Gold Canyon Resources Inc. has closed the private placement of 8,497,564 common share units described in its Aug. 2, 2013, news release. Units were priced at 23 cents per unit, for gross proceeds to the company of $1,954,440. Each unit comprises 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. Pacific Time on Aug. 8, 2015, for one common share at a price of 40 cents per share. The proceeds of the private placement will be used for additional work on Gold Canyon's Springpole gold project and general corporate purposes.All securities to be issued will be subject to a hold period which will expire on Dec. 9, 2013, in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply under foreign securities laws.
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