Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

July 23, 2015 17:39 ET

Goldeye Announces Completion of the First Tranche of a Private Placement

TORONTO, ONTARIO--(Marketwired - July 23, 2015) - Goldeye Explorations Limited (TSX VENTURE:GGY) wishes to announce completion of the first tranche of a partially brokered private placement of $105,000 resulting from the sale of 2,100,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for 24 months at a price of $0.10 per share subject to possible acceleration if the trading price exceeds $0.30 for 14 consecutive trading days. Goldeye paid a total of $2,800 in commissions and issued 56,000 broker warrants in connection with this financing. Each broker warrants entitles the holder to acquire one common share at a price of $0.05 per share for 24 months after closing.

All of the securities will be subject to a four month hold period expiring on November 24, 2015. The proceeds of this financing will be used to fund further exploration and development on Goldeye's mineral exploration properties as well as general and administrative expenses.

On behalf of the Board of Directors,

Blaine Webster, P.Geo., Chief Executive Officer

About Goldeye Explorations Limited

Goldeye Explorations is a Canadian junior exploration company engaged in the acquisition, exploration and evaluation of properties in mineral rich, politically secure jurisdictions.

Goldeye's Weebigee Project is located approximately 225 north of Red Lake at Sandy Lake in Northwestern Ontario and covers the heart of the highly prospective Sandy Lake greenstone belt. Goldeye is pleased to be working with both GPM Metals Inc. and Sandy Lake First Nation at Weebigee. In 2013, Goldeye and Sandy Lake First Nation signed a comprehensive Exploration Agreement in regards to the project. Goldeye is pleased to have a strong, mutually beneficial relationship with the people of Sandy Lake First Nation.

Goldeye has additional properties in Ontario (Gold Rock, and West Shining Tree), and British Columbia (Todd Creek).

Additional information can be found at www.goldeye.ca.

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.

Shares Issued after first tranche Financing: 49,053,597

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