Goldstrike “GSR” announced that its non-brokered private placement completed on June 15 and has raised $1,477,875.30 by issuing the following:
750,000 units at the price of $0.75 per unit to raise gross proceeds of $562,500.00. Each unit is
comprised of one flow-through common share and one non-flow-through common share, with
$0.40 of the subscription price allocated to the flow-through share and the other $0.35 of the
subscription price allocated to the non-flow-through share.
2,615,358 units at the price of $0.35 per unit to raise gross proceeds of $915,375.30. Each unit
is comprised of one common share and one-half of a share purchase warrant. Each full warrant
entitles the holder to purchase one additional common share at the price of $0.80 until June 15,
2014, subject to acceleration at the Company’s option if its shares close at $1.20 or higher for
ten (10) consecutive trading days at any time after four months after Closing.
The net proceeds will be used to fund the 2012 exploration program on its Yukon mineral properties and for general working capital.