MONTREAL, March 21 /CNW Telbec/ - Golden Goose Resources Inc. (the
"Company") (TSX- Venture: GGR) announces that it is seeking to complete two
private placements: (i) one placement of Units at a price of $0.70 per Unit,
each Unit consisting of one Common Share and one half of a warrant to purchase
a Common Share, for proceeds of up to $2 million (the "Unit Placement") and
(ii) one placement of Flow-Through Common Shares at a price of $0.75 per
Share, for proceeds of up to $1.1 million (the "Flow-Through Placement"). Each
full warrant granted pursuant to the Unit Placement will entitle the holder to
purchase one Common Share at a price of $0.95 per share and will expire
12 months after its issue. The placements are subject to regulatory approval.
The Company will use the proceeds of the Flow-Through Placement to fund
the drilling program at the Company's 100% owned Magino property and fund the
drilling program 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 Unit Placement 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,