Gossan Resources Limited: Gossan Resources Announces Fully Subscribed Flow-Through Private Placement
Gossan Resources Limited (TSXV: GSS) (FSE: GSR) (Xetra: GSR) (the "
Company"or "
Offering") of 8,000,000 flow through units (each a "
FT Unit") at a purchase price of $0.24 per FT Unit for aggregate gross proceeds of $1,920,000. Each FT Unit to be issued pursuant to the Offering shall be comprised of one flow through common share (each a "
Flow Through Share") and one-half of one common share warrant (a whole warrant being a "
Warrant"). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company (each a "Warrant Share") at an exercise price of $0.30 for the period expiring two (2) years following the closing date of the Offering. Mr. Eric Sprott is purchasing a total of 7,900,000 FT Units as a result of the Offering.