Goldeye Explorations Limited

Goldeye Explorations Limited

December 21, 2007 18:45 ET

Goldeye Private Placements

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2007) - Goldeye (TSX VENTURE:GGY) has arranged to complete three private placements for gross proceeds totaling $818,000 by issuing 5,700,000 flow-through common shares pursuant to the "Accredited Investor" exemption in NI 45-106, subject to the acceptance by the TSX Venture Exchange. Particulars of the placements follow:

Shares Price per share Total Proceeds Commission Warrants

1,500,000 $0.14 $210,000 $16,800 150,000
2,000,000 $0.15 $300,000 $30,000 200,000
2,200,000 $0.14 $308,000 Nil Nil

The compensation warrants are exercisable for two years at the issue price of the flow-through shares.

The flow-through shares, the compensation warrants and any shares into which they may be converted are subject to a four month hold period from closing.

The proceeds of the above three private placements 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 subscribers to obtain applicable tax credits and deductions.

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

Goldeye's web-site address is

Shares issued prior to this private placement: 73,756,986

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)