Golden Shield arranges $2-million private placement

Executive Summary

• Golden Shield Resources Inc. announced a non‑brokered private placement of up to 8 million units at CAD 0.25 per unit, targeting gross proceeds of approximately CAD 2 million.
• Each unit includes one common share and one non‑transferable warrant exercisable at CAD 0.35 per share for 12 months, with an acceleration clause tied to the CSE VWAP price.
• Net proceeds will be used to advance permitting for the Marudi Mountain gold project in Guyana and for general working capital.

Key Details

• Units Offered: Up to 8 million units at CAD 0.25 per unit.
• Gross Proceeds Target: Approximately CAD 2 million (US‑equivalent).
• Unit Composition: 1 common share + 1 non‑transferable warrant.
• Warrant Terms: Exercise price CAD 0.35 per share; exercisable for 12 months from issuance; acceleration possible if CSE five‑day VWAP ≥ CAD 0.40, shortening expiry to 30 days after acceleration notice.
• Use of Proceeds:
• Advance permitting at the flagship Marudi Mountain gold project (southern Guyana).
• Fund project evaluation activities in South America.
• Provide general working capital.
• Closing Conditions: Subject to regulatory approvals, including CSE approval; securities subject to a four‑month hold period under Canadian securities law.
• Materiality Assessment: Material – Positive (provides funding for key permitting and development activities).

Notable Quotes

(No direct quotes provided in the release.)