$GYA.V – Guyana Goldstrike Inc.

Discussion in 'Penny Stocks' started by Auri, May 25, 2017.

  1. Auri

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    $GYA.V Fundamental Research Initiates Coverage with BUY Signal**


    docs.wixstatic.com
     
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    GUYANA GOLDSTRIKE CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT


    Guyana Goldstrike Inc. (GYA.V) has completed the first tranche of a private placement for gross proceeds of $200,000. In connection with completion of the private placement, the company issued 666,667 units at a price of 30 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant is exercisable to acquire an additional common share of the company at a price of 40 cents for a period of 24 months, subject to accelerated expiry in the event the closing price of the company's common shares is 75 cents or greater for 10 consecutive trading days.

    The board of directors of the company has approved further tranches of the private placement to raise gross proceeds of up to $1-million through the issuance of up to 3,333,334 units. In connection with completion of this first tranche, the company paid finder's fees of $4,500 and issued 15,000 broker warrants to an arm's-length finder who introduced a subscriber to the placement. Each broker warrant is exercisable on the same terms as the warrants.

    All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period. Completion of further tranches of the placement remains subject to the approval of the TSX Venture Exchange.

    In connection with closing of the private placement, Cambrian Capital Corp., a holding company controlled by Charles Hugh Maddin, acquired 500,000 units, consisting of 500,000 common shares of the company and 250,000 warrants. Following completion of the private placement, Mr. Maddin and Cambrian have ownership and control of 5,891,750 common shares of the company, representing approximately 15.5 per cent of the company's current issued and outstanding common shares, 642,500 common share purchase warrants and 200,000 incentive stock options. Mr. Maddin and Cambrian would have ownership and control of 6,734,250 common shares of the company, representing approximately 17.3 per cent of the then issued and outstanding common shares of the company, assuming exercise of only the warrants and options held by each.

    The units were acquired by Cambrian for investment purposes. In the future, additional securities of the company may be acquired or disposed of by Mr. Maddin or Cambrian, through the market, privately or otherwise, as circumstances or market conditions may warrant.
     
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    #54 Auri, Feb 16, 2018
    Last edited: Feb 21, 2018
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    Auri Well-Known Member

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    Rob McEwen says Gold Price Could Hit $1,800 This Year

     
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    $GYA.V $GYNAF Guyana Goldstrike

    $3.2M STRATEGIC INVESTMEMNT - ZIJIN FUNDS

    NI 43-101 REPORT- Indicated 259,100 gold ounces and Inferred 86,200 gold ounces at Mazoa Hill Zone

    INFRASTRUCTURE ESTABLISHED - Mining Camp, All-season Road

    FULLY PERMITTED 20 YEAR MINING LICENSE

    REVENUE GENERATION - Gold Royalties from Alluvial Artisanal Mining

    BULK SAMPLING – Saprolite Program Planned

    EXPLORATION UPSIDE - 95% of property unexplored, Gold bearing areas, Alluvial, Saprolite Overburden, Quartzite

    COMMENCED DRILL TARGET GENERATION

    https://youtu.be/JrAF2jV7JGY
     
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