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Goldeye Explorations Limited Announces Completion of First Tranche of Private Placement

Jun 17 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 06/17/13 -- Goldeye Explorations Limited (TSX VENTURE: GGY) wishes to announce completion of first tranche of a partially brokered private placement of (i) up to 5,000,000 non flow-through units at $0.05 per unit; and (ii) up to 10,000,000 flow-through units at $0.05 per unit. Each non flow-through unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one additional common share for 24 months at a price of $0.10 per share. Each flow-through unit consists of one common share and one-half of a common share purchase warrant with each whole warrant entitling the holder to purchase one additional common share for 12 months at a price of $0.10 per share. The first tranche resulted in gross proceeds of $110,000 from the sale of 2,200,000 non flow-through units. Goldeye paid $10,000 finder's fee in connection with this closing. All of the securities will be subject to a four month hold period.

The proceeds of the private placement will be used on Goldeye's upcoming work program at the Weebigee Project near Sandy Lake, Ontario.

ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining. In Canada, Goldeye holds a 24.5% interest in the Todd Property in British Columbia, a 100% interest in the Gold Rock, Sandy Lake and Leonard-Fawcett properties in Ontario and additional claims in Tyrrell Twp. In Chile, Goldeye owns 100% of the Sonia-Puma property located 180 km north of Santiago.

On behalf of the board of directors of Goldeye Explorations Limited

Blaine Webster, Chief Executive Officer

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.

Shares Issued after Financing: 24,248,642



Contacts:
Goldeye Explorations Limited
Blaine Webster
Chief Executive Officer
416-315-9708
bwebster@goldeye.ca





Source: Marketwire


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