Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

June 03, 2005 11:57 ET

Gold Canyon Amends Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 3, 2005) - Gold Canyon Resources Inc. (TSX VENTURE:GCU) ("Gold Canyon" or "the Company") is pleased to announce that the Company has agreed to amend its agreement with Pacific International Securities Inc. (the "Agent") to undertake a best efforts private placement, originally announced on May 13, 2005. The Company has agreed to increase the size of the offering to up to 1,250,000 Flow Through Shares for gross proceeds of up to CDN $750,000. No over-allotment option will apply.

All other terms originally announced on May 13, 2005 will remain unchanged, including the concurrent non-brokered private placement of up to 385,000 Units to be undertaken directly by the Company with certain directors and officers of the Company and certain eligible investors.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties and currently owns and operates the Springpole Gold Project in the Red Lake Mining District of Ontario, Canada and its Cordero Gallium Project in Humboldt County, Nevada, U.S.A. Additional information can be found on the Company's website:

Robert Carrington, Chief Executive Officer & Director

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

Contact Information

  • Gold Canyon Resources Inc.
    Ron Schmitz
    (604) 682-3234
    (604) 682-0537 (FAX)
    Gold Canyon Resources Inc.
    Ken Faulkner
    Investor Communications, Corporate Development
    (250) 862-0724