Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the “Company”) reports it is arranging a non-brokered private placement financing of up to 3,000,000 non-flow-through units at a price of $0.05 per unit (the “NFT Units”) and 4,000,000 flow-through shares at a price of $0.05 per share. Each NFT Unit will consist of one common share and one warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.07 for a period of two years from the closing date of the financing.
The proceeds from the financing will be used for diamond drilling to test gold, silver and VMS targets as outlined in the Company’s new exploration model developed for its Slate Falls Property; and for general working capital purposes.
The financing is subject to TSX Venture Exchange approval and open to qualified investors. GoldON may pay cash finders’ fees of up to 7% of the subscription proceeds, and 7% in the form of brokers’ warrants in respect of the financing.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. The Company’s properties include the Slate Falls gold-silver property in northwestern Ontario, and the Swayze gold project adjoining IAMGOLD’s multi-million ounce Côté Gold Project in the Swayze Greenstone Belt. For more information, visit: www.goldonresources.com or view the current GoldON presentation.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com
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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.
To view this press release as a PDF file, click onto the following link: public://news_release_pdf/goldon121014.pdf Source: GoldON Resources Ltd. (TSX Venture:GLD) http://goldonresources.com/
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