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To: Goose94 who wrote (8706)8/25/2014 5:11:26 PM
From: El CanadienseRead Replies (1) | Respond to of 202399
 
GSR: With the Koreans now to the left and to the right, GSR looks cheap to me..
Goldstrike Resources hires Hong as adviser

Goldstrike Resources Ltd (C:GSR)
Shares Issued 74,799,290
Last Close 8/21/2014 $0.16
Friday August 22 2014 - News Release

Mr. Terrence King reports

GOLDSTRIKE RETAINS KOREAN ADVISOR, GRANTS OPTIONS

Goldstrike Resources Ltd. has retained the services of Joon Hong to solicit expressions of interest from Korean-based firms for an agreement to finance a multiyear exploration and development program on the Plateau South mineral property in Yukon, Canada. He has also agreed to provide postclosing advisory and liaison services with the potential Korean partner as required, as the proposal contemplates establishment of an exploration fund to be managed by Goldstrike over a period of up to eight years with the ultimate objective of taking a deposit on the property to feasibility, in return for which the investor would earn an interest in the deposit. Mr. Hong was instrumental in arranging similar financing for Petro One Energy Corp., announced on July 28, 2014.

The company has agreed to compensate Mr. Hong for his introductory services, conditional on establishment of such a fund, by issuing to him Goldstrike shares having a total issue price equal to 5 per cent of the funds ultimately advanced, or double that number of warrants, with pricing to be determined at the relevant time. In addition, to secure his assistance in post-closing dealings with the funding entity, Goldstrike has granted to Mr. Hong incentive stock options exercisable to purchase up to 1,000,000 shares of the Company at the price of $0.20 per share. Such options will not vest and become exercisable until such a fund is established. They will thereafter be exercisable for five years from the date of this news release. The arrangement with Mr. Hong includes an allowance for the grant of additional options if the funding continues over the contemplated eight year period. The arrangements with Mr. Hong, including the subject option grant, are subject to acceptance of required filings by the TSX Venture Exchange.



To: Goose94 who wrote (8706)8/26/2014 5:37:13 PM
From: Goose94Read Replies (1) | Respond to of 202399
 
Boxxer Gold (BXX-V) Aug 26, '14 is pleased to announce that, further to its news release dated August 19, 2014, the maximum gross proceeds of the non-brokered private placement of units of the Corporation at a price of $0.04 per Unit has been increased to $500,000. Each Unit will consist of one common share in the share capital of Boxxer and one Common Share purchase warrant. Each Warrant shall be exercisable into one Common Share at a price of $0.06 until two (2) years from the date of closing of the Offering. Each Warrant is subject to accelerated expiry provisions such that if any time after the completion of the Offering the closing price of the Common Shares on the TSX Venture Exchange is at least $0.10 per Common Share for 15 consecutive days the Corporation may give notice to the holders that each Warrant will expire 15 business days from the date of providing such notice. The Offering is expected to close on or about August 29, 2014, and the Offering is subject to TSX Venture final acceptance. The securities issued in connection with the Offering will be subject to a four month and 1 day hold period from the date of issuance of such securities.

The proceeds of the Offering will be used primarily to maintain and preserve the Corporation's interest in its exploration properties and for general working capital purposes. Assuming the entire $500,000 Offering is completed, the revised detailed use of proceeds will be as follows:

Intended Use of ProceedsApproximate Amount
Property Maintenance Costs$270,000
Finder's Fees, Legal Fees, TSX Venture Fees$80,000
Working Capital$50,000
Accounts Payable$100,000
Total$500,000
Although the Corporation intends to use the proceeds of the Offering as described above, the actual allocation of the net proceeds of the Offering may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities. It is not currently anticipated that any of proceeds of the Offering will be used for payments to Related Parties of the Corporation (as defined in the policies of the TSX Venture). If the Offering is not fully subscribed, the Corporation will apply the proceeds of the Offering to the above uses in priority and in such proportions as the Board of Directors and Management of the Corporation determine is in in the best interests of the Corporation.

Other than increasing the gross proceeds of the Offering to $500,000 and revising the use of proceeds of the Offering for this increase as set forth above, all other terms of the Offering remain as stated in the August 19, 2014 news release. For further information on the Offering, please see the Corporation's August 19, 2014 news release which can found on Boxxer's SEDAR profile on the SEDAR website at www.sedar.com.