Golden Goose announces non-brokered private placement



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    MONTREAL, Sept. 4 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)
(the "Company") is pleased to announce a non-brokered private placement (the
"Offering") of up to 1,428,571 common share at a price of $0.35 per share for
gross proceeds of up to $500,000. Each share will be sold on a "flow-through"
basis.
    The Offering is scheduled to close on or about September 16, 2009.
Closing of the Offering is subject to the receipt of all necessary corporate
and regulatory approvals, including the TSX Venture Exchange (the "Exchange").
    Gross proceeds from the Offering will be used by Golden Goose to fund
exploration at its Magino project where recompilation of previous drilling and
geophysical data has identified high potential targets outside but near the
current resource envelope. Note that the current resource includes measured
and indicated resource of in excess of 453,000 ounces of gold at a grade of
6.74 g/t and an inferred resource of 1,100,000 ounces of gold at a grade of
6.29 g/t. This estimate was calculated using a cutoff grade of 3.0 g/t; using
a higher cutoff of 5.0 g/t results in a measured and indicated resource of
approximately 345,000 ounces grading 8.90 g/t and an inferred resource of
approximately 800,000 ounces grading 9.08 g/t.
    All shares issued in connection with the Offering will be subject to a
statutory hold period of four months plus one day from the date of completion
of the Offering, in accordance with applicable securities legislation.

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    ABOUT GOLDEN GOOSE RE

SOURCES 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 metal 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. %SEDAR: 00004334EF

For further information:

For further information: Francois Perron, Golden Goose Resources Inc.,
1-888-928-4667, Fax: 1-888-494-5371, perron@goldengooseres.com;
www.goldengooseres.com

Organization Profile

GOLDEN GOOSE RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890