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MONTREAL, Sept. 14 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to announce that it has increased to a maximum $794,000, its non-brokered placement announced on September 4th (the "Offering"). A maximum of 2,270,000 common shares at a price of $0.35 per share for gross proceeds of up to $794,000 will be issued. Each share will be sold on a "flow-through" basis.
The Offering is scheduled to close on or about September 18, 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. The resource estimate was initially announced on April 30th, 2009.
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 RESOURCES
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.
For further information: For further information: Francois Perron, Golden Goose Resources Inc., 1-888-928-4667, Fax: 1-888-494-5371, firstname.lastname@example.org; www.goldengooseres.com