GSKKF - Goldseek Resources announces private placement

• Goldseek Resources ( OTCPK:GSKKF ) plans to raise up to C$0.85M in aggregate of C$0.15M non-flow-through funds and C$0.7M flow-through funds by way of a non-brokered private placement .
• The Non-Flow-Through Placement will consist of the sale of ~4.29M common shares priced at C$0.035/share.
• The Quebec Flow-Through Placement will consist of the sale of 17.5M flow-through shares at a price of C$0.04 per flow-through share.
• On closing of the Offering, Mr. Deluce will take a control position in the Co. and own ~25.53M common shares which will represent ~42.6% of the Co.’s then outstanding common shares.
• The proceeds from the Quebec Flow-Through Placement will be used to continue exploration and development of the Company's Quebec properties.
• The proceeds from the Non-Flow-Through Placement will be used for general working capital purposes.

For further details see: