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Gold Canyon Resources Inc. (CVE:GCU) announced that it is offering up to 6,000,000 flow-through units priced at $1.00 per FT Unit with each FT Unit consisting of one flow-through common share and one-half of a share purchase warrant for gross proceeds of up to $6,000,000. Each full Warrant will entitle the holder to acquire a […]
Gold Canyon Resources Inc. (TSXV:GCU) announced that it is offering up to 6,000,000 flow-through units priced at $1.00 per FT Unit with each FT Unit consisting of one flow-through common share and one-half of a share purchase warrant for gross proceeds of up to $6,000,000. Each full Warrant will entitle the holder to acquire a further common share of the Company at a price of $1.25 per common share for a period of 24 months following the closing date.
Any securities to be issued will be subject to a hold period of four months from the closing date in accordance with the rules and policies of the CVE and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The proceeds of the offering will be used for additional work on Gold Canyon’s Springpole Gold Project.
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