Golden Sunset Trail Inc.

December 08, 2009 13:23 ET

Golden Sunset Trail Inc. Announces Private Placement

GRIMSBY, ONTARIO--(Marketwire - Dec. 8, 2009) - GOLDEN SUNSET TRAIL INC. ("Golden Sunset" or the "Corporation") (TSX VENTURE:GST) is pleased to announce that on December 7, 2009 it completed a non-brokered private placement of a $30,000 secured, convertible debenture of the Corporation (a "Debenture") having an interest rate of 12% per annum, payable annually as previously press released on October 23, 2009. The principal amount of the Debenture will be convertible into one common share of the Corporation (each a "Share") at a conversion rate of $0.10 per Share. The private placement remains subject to final TSX Venture Exchange Inc. approval.

Proceeds of the private placement will be used for general working capital.

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.

Contact Information

  • Golden Sunset Trail Inc.
    Daniel Donn
    President & CEO and a Director
    (905) 945-3999