VANCOUVER, April 14 /CNW/ - Robert L. Card, President Gulfside Minerals
Ltd. ("Gulfside" or the "Company") (TSXV: GMG) is pleased to announce
that it has closed its private placement announced on February 28, 2011
and March 28, 2011 issuing 3,100,000 flow through units and 5,140,000
hard dollar units a price of $0.10 per unit, for gross proceeds of
Each flow through unit consisted of one common share and one half share
purchase warrant exercisable at a price of $0.15 per share for a period
of one year from closing. Each hard dollar unit consisted of one common
share and one whole share purchase warrant, carrying the same terms as
the flow through warrants.
All securities are subject to a hold period expiring August 13, 2011, in
accordance with applicable securities laws. The Company paid aggregate
finder's fees of $57,680.
The proceeds of the flow-through financing will be used to conduct
exploration on its recently-acquired Northern Treasure gold property,
located 120 km south of Atlin, BC. The claims are on geological trend
12 km from the Inlaw/Trapper Lake group (a joint venture between Ocean
Park Ventures Ltd. and Constantine Metal Resources Ltd.) and 70 km from
the Golden Bear mine and mine access road which was developed by
Chevron Minerals of Canada. The proceeds of the non-flow portion of the
financing will be used for general working capital and in its coal
interests in Mongolia.
On Behalf of the Board of Directors,
Gulfside Minerals Ltd.
"Robert L. Card"
Robert L. Card
"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."
SOURCE Gulfside Minerals Ltd.
For further information:
relating to the Company or this release please visit the Gulfside Minerals website at www.gulfsideminerals.com, or contact Investor Relations at 604-563-5028 / email@example.com.