Golden Fame Resources Closes Non-Brokered Private Placement
10.06.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - June 10, 2011) - Golden Fame Resources Corp. (TSX VENTURE: GFA) reports that it has completed a non-brokered private placement raising gross proceeds of approximately $7.1 million by the issuance of 22,190,375 units (the “Units“) at a price of $0.32 per Unit. Each Unit consists of one common share and one-half of one share purchase warrant (the “Warrant“). Each full Warrant entitles the holder to purchase, for a period of two years following the closing, one additional common share at a price of $0.52 per share. Total finders' fees of $411,512 and 628,400 finder's fee warrants, exercisable into one common share at a price of $0.42 for a two-year period, were paid.All securities described in this news release are subject to a hold period expiring on October 10, 2011.
ON BEHALF OF THE BOARD
Graham M. Clark Jr.
Director & CEO
Neither the 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.
Contact Information
Golden Fame Resources Corp.
Savio Chiu
604-688-9588
www.goldenfameresources.com