MONTREAL, March 26 /CNW Telbec/ - Golden Goose Resources Inc. (TSX
VENTURE : GGR) (the "Company"), announces that it has closed a non-brokered
private placement for a total of $3,099,350 announced on March 21, 2007. A
total of 4,323,000 common shares were issued as part of two simultaneous
placements. In one placement, 2,858,000 units were issued at a price of $0.70
per unit, each unit consisting of one common share and one half of a warrant
to purchase one common share, for an aggregate amount of $2,000,600. Each
whole warrant entitles its holder to purchase one common share at a price of
$0.95 for a period of 12 months. In the other placement, 1,465,000
flow-through common shares were issued at a price of $0.75 per share, for an
aggregate amount of $1,098,750. The placements received regulatory approval of
TSX Venture on March 22, 2007. The common shares, the warrants and the common
shares underlying the warrants are all subject to resale restriction until
July 27, 2007.
The Company will use the proceeds of the flow-through funds to fund the
drilling programs at the Company's 100% owned Magino property and on its 100%
owned Lac Levac property. The Magino property is located next door to the
Richmond/Patricia's "island gold" project located 50 kilometers Northeast of
Wawa, Ontario. The Company will use the proceeds of the non flow-through funds
for general corporate purposes.
Golden Goose Resources Inc. is a Canadian public company listed on the
TSX Venture Exchange under the symbol GGR. The Company is principally engaged
in mineral exploration and acquisition and has a portfolio of gold, platinum
group metals, and nickel properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Golden Goose Resources Inc.: Jean-Marc Lacoste,
President, 1-888-928-4667, Fax: 1-888-494-5371, www.goldengooseres.com;
Renmark Financial Communications Inc.: Barry Mire, email@example.com;
Christina Lalli: firstname.lastname@example.org; Media: Vanessa Napoli:
email@example.com; (514) 939-3989, Fax: (514) 939-3717,