Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

February 02, 2006 09:26 ET

Goldeye Private Placement

TORONTO, ONTARIO--(CCNMatthews - Feb. 2, 2006) - Goldeye Explorations Limited (Goldeye)(TSX VENTURE:GGY) is pleased to announce that it has completed a non-brokered arm's length private placement for proceeds of $205,200, subject to acceptance by the TSX Venture Exchange. 1,140,000 flow-through units of Goldeye are to be issued at a price of $0.18 per flow-through unit. Each flow-through unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant. Each common share purchase warrant entitles the holder to purchase an additional common share for two years at $0.25 per share for a two-year period.

The proceeds are to be used to finance Goldeye's drilling programs on its Tyrrell Twp. Property in NE Ontario.

Goldeye is a Canadian exploration company with projects in NE Ontario (Tyrrell Twp., Fawcett Twp.), NW Ontario (Sandy Lake, Gold Rock), British Columbia (Todd Creek property in the Stewart Gold Camp), and Region V of central Chile (Sonia property).

Goldeye's web-site address is http://www.pathcom.com/%7Egoldeye

Note: We have replaced the tilde symbol with '%7E' in the above URL.

Shares issued prior to this private placement: 30,800,682

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) 731-9367
    (905) 731-9312 (FAX)