GoldON Announces Private Placement
Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) is pleased to announce that it has negotiated, subject to regulatory acceptance, a non-brokered private placement of 1,500,000 non-flow-through units at a price of $0.05 per unit with qualified investors.
Each unit consists of one common share and one-quarter of one warrant. Each full warrant, in turn, entitles the holder to purchase an additional common share at a price of $0.05 during the 12 months following the closing of the offering.
The proceeds from the private placement will be used for general working capital.
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
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com
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Source: GoldON Resources Ltd. (TSX Venture:GLD) http://goldonresources.com/
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