Gold Canyon Proposes Private Placement for Up to $4,000,000

Gold Canyon Resources Inc. (TSXV:GCU) announce that it is undertaking a private placement of common share units at a price per Unit of $0.45 for gross proceeds to the Company of up to $4,000,000.

The press release is quoted as saying:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold – Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 – all in the Red Lake Mining District of Ontario, Canada.

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Click here to access Gold Canyon Resources Inc. Corporate Site