Goldeye Explorations Limited

Goldeye Explorations Limited

October 30, 2007 16:41 ET

Goldeye Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Goldeye (TSX VENTURE:GGY) is pleased to announce that it has completed a non-brokered arm's length private placement for gross proceeds of $300,000. A total of 2,500,000 units are issued at a price of $0.12 per unit. Each unit consists of one flow-through common share and one-half of a non-flow-through share purchase warrant. Each whole non-flow-through share purchase warrant entitles the holder to purchase an additional common share for $0.20 per share for a two year period. The securities are subject to a four month hold period.

The proceeds of this offering will be used for mineral exploration on Goldeye's Canadian mineral properties qualifying as Canadian Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable tax credits and deductions.

Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.

Shares issued prior to this private placement: 69,313,586

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Goldeye Explorations Limited
    B. Webster
    C.E.O and President
    (905) 886-2538
    (905) 886-8210 (FAX)