This is the second tranch of the Oct 14 placement and it has been increased another 3.55 million shares. It looks like the are getting serious about doing some drilling!
GOLDEN CHALICE RESOURCES INC. ("GCR")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 8, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second (and final) tranche of a Non-Brokered Private Placement announced October 14, 2009 amended December 4, 2009:
Number of Shares: 7,135,000 flow-through shares
5,892,667 non flow-through shares
Purchase Price: $0.14 per flow-through share
$0.12 per non-flow-through share
Warrants: 13,552,667 share purchase warrants to purchase 13,552,667 shares
Warrant Exercise Price: $0.15 for a one year period
$0.30 in the second through fourth years
Number of Placees: 37 placees
Finders' Fees: $3,878 payable to Research Capital Corp.
$54,880 payable to Barrington Capital Corp.
$8,992 payable to Wolverton Securities Ltd.
$5,616 payable to MGI Securities Inc.
$16,800 payable to Raymond James
$2,880 payable to PI Financial Corp.
$26,700 payable to Redplug Capital
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
TSX-X
