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Goldseek Resources set to raise $850,000 in a flow-through private placement

It will use the flow-through funds to continue exploration and development of its Quebec properties

Goldseek Resources Inc. -
Goldseek Resources CEO said the company is well funded for exploration through 2021

Goldseek Resources Inc (CSE:GSK) announced plans Friday to raise up to $850,000 in flow-through funds by way of a non-brokered private placement at $0.37 per unit, which includes a half- transferrable common share warrant for each share purchased. 

Each whole warrant will entitle the holder to purchase one common share of the company at a price of $0.60 per share for a period of two years from closing. Goldseek said it will use the funds to continue exploration and development of its Quebec properties. 

Goldseek Resources CEO Jon Deluce said in a statement: "We appreciate the continued support of our institutional shareholders as we position the company to benefit from being in the early stages of this gold bull market. We are well funded for continuous work programs through the end of 2021 to target grassroots discovery on our four projects. We continue to prepare for our December maiden drill program at our Bonanza Project (Urban Barry)."

READ: Goldseek Resources has the assets and team to make grassroots discoveries in some of Canada's best known mining camps 

Goldseek Resources has four wholly-owned exploration projects in currently active Canadian gold camps: the Hemlo camp, the Detour Gold Trend, Urban Barry and Quevillon.

On November 3, 2020, the company announced that survey results from its Bonanza property in Quebec have defined new surface trenching and preliminary drill targets. Goldseek is planning an upcoming drill program at Bonanza that is expected to begin in December.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Goldseek Resources Inc.

Price: 0.25 CAD

CSE:GSK
Market: CSE
Market Cap: $7.44 m
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Goldseek Resources gets drills turning as maiden program at the Bonanza...

Goldseek Resources (CSE: GSK) President and CEO Jonathon Deluce joined Steve Darling from Proactive with news the company is beginning their maiden drill program at their Bonanza Project. Deluce telling Proactive they plan on working at the Urban Barry Gold Camp and the program will focus on

on 8/12/20

2 min read