Golden Goose closes $855,625 private placement

Executive Summary

• Golden Goose Resources Corp. has closed an oversubscribed non-brokered private placement raising aggregate gross proceeds of $855,625.
• The company issued 4,805,000 hard-dollar (HD) units and 1.7 million flow-through (FT) units, with specific warrant structures attached to each unit type.
• Net proceeds from HD units will fund exploration in Argentina and working capital, while gross proceeds from FT units are designated for Canadian eligible resource exploration expenses in Quebec.

Key Details

• Aggregate Gross Proceeds: $855,625.
• Hard-Dollar (HD) Units:
  • Quantity Issued: 4,805,000 units.
  • Price: $0.125 per unit.
  • Composition: One common share and one share purchase warrant.
  • Warrant Terms: Exercisable into one common share at $0.25 per share for 24 months from closing (subject to accelerated expiry).
  • Use of Proceeds: Approximately $260,000 for additional exploration on the El Quemado project in Argentina and general working capital.
• Flow-Through (FT) Units:
  • Quantity Issued: 1,700,000 units.
  • Price: $0.15 per unit.
  • Composition: One common share issued on a flow-through basis and one-half of one common share purchase warrant.
  • Warrant Terms: Each whole FT warrant is exercisable to acquire one common share at $0.25 for 12 months from closing.
  • Use of Proceeds: Incurring Canadian eligible resource exploration expenses qualifying as Canadian exploration expenses under the Income Tax Act (Canada) on mineral interests in Quebec.
• Finder’s Fees:
  • Ventum Financial Corp.: $29,050 cash + 232,400 non-transferable broker warrants (same terms as HD warrants).
  • Eskar Capital: $20,400 cash + 136,000 non-transferable broker warrants (same terms as HD warrants).
  • Research Capital: $2,600 cash + 20,800 non-transferable broker warrants (same terms as HD warrants).
• Hold Period: All securities are subject to a statutory hold period of four months and one day from the date of issuance.

Notable Quotes

• None provided in the text.