Mr. Allan Bezanson reports
GOLD DIGGER ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT
Gold Digger Resources Inc. has arranged a non-brokered private placement of units of the company at a price of 35 cents per unit, for aggregate gross proceeds of up to $1.5-million.
Each unit will consist of one common share in capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 50 cents for a period of 12 months from the date of issuance.
The securities offered pursuant to the offering will be subject to a statutory hold period of four months and a day from the date of issuance. The company may pay the following finders' fees in connection with the offering: (i) a cash fee equal to 7 per cent of the gross proceeds raised under the offering from subscribers introduced to the company by the applicable finder; and (ii) common share purchase warrants of the company equal to 7 per cent of the number of units issued under the offering from subscribers introduced to the company by the applicable finder, with each finders warrant exercisable to acquire one common share at a price of 50 cents for a period of 12 months from the date of issuance.
The offering remains subject to regulatory approval and the approval of the Canadian Securities Exchange.
The company intends to use the net proceeds of the offering for exploration expenditures and general working capital purposes.
About Gold Digger Resources Inc.
Gold Digger Resources is an early stage mineral resource exploration company. The company's material property is the Regnault project, consisting of 71 contiguous mineral claims covering an area of approximately 3,678 hectares located north-northeast of Chibougamau in the province of Quebec.
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