Goldstrike Resources Ltd.

Goldstrike Resources Ltd.

February 12, 2013 09:30 ET

Goldstrike Secures $1.7M Institutionally Supported Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2013) - Goldstrike Resources Ltd. (TSX VENTURE:GSR) (PINKSHEETS:APRAF) (FRANKFURT:KCG1) is pleased to announce that it has secured equity financing in the amount of $1,700,000, the majority of which has been placed with institutions.

The financing, which is being carried out by way of a non-brokered private placement of common shares at the price of $0.20 per share, is fully funded and will complete as soon as the required filing has been accepted by the TSX Venture Exchange. It was arranged through Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer, and a select group of Canadian brokerage firms working with Aberdeen. Pursuant to its agreement with Aberdeen, the Company will pay cash compensation equal to 7% of the gross proceeds from the offering and, in addition, issue compensation warrants exercisable to purchase that number of shares which is equal to 7% of the number of shares issued by the Company on closing. Each compensation warrant will be exercisable to purchase one share for two years after closing at the price of $0.30.

All shares issued pursuant to the financing and any shares issued on the exercise of compensation warrants will be subject to a four-month hold period from the closing date. Proceeds from the offering will be used for exploration of the Company's Yukon mineral properties and for general working capital. The proposed private placement and compensation arrangements are subject to TSX Venture Exchange acceptance.


Terrence E. King, President and Chief Executive Officer

For further information, please visit Goldstrike's website at, follow the Company's tweets at

This news release may contain forward-looking statements including but not limited to comments regarding the use of proceeds from the financing, upcoming work programs, etc., which may change materially in the future. Forward-looking statements therefore involve inherent risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.

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.

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