GoldON Resources Ltd. Completes Private Placement Financing
![GoldON Resources Ltd. Completes Private Placement Financing](https://www.minenportal.de/media/goldseiten-news.jpg)
Each non-flow-through unit consists of one common share and one warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.15 during the first year following the closing date and $0.20 during the second year following the closing date.
The Company paid finders' fees totaling $21,200 and 212,000 broker warrants in respect of the offering. Each broker warrant entitles the holder to purchase a common share of GoldON at a price of $0.15 during the first year and $0.20 during the second year following the closing date.
All securities issued in connection with this offering are subject to a 4-month hold period expiring July 28, 2013.
Participants in the offering included a subsidiary of IAMGOLD Corp., who purchased 1,500,000 units to raise their stake in GoldON to 13.6% (18.4% on a partially diluted basis); and FronTier Consulting Ltd., who purchased 750,000 units and who the Company retained for investor relations services earlier this month.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. Its two key properties are the 15,500-hectare Pickle Lake Gold Property in northwestern Ontario and its 6,640-hectare Swayze Gold Property adjoining IAMGOLD's multi-million ounce Cote 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
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: info@goldonresources.com
Neither 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.