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Golden Reign Resources Ltd. Closes Brokered Private Placement

Published: 01/24/2017

Team: Andrea FitzGerald, Alexander Pizale, James Lyle

On January 24, 2017, Golden Reign Resources Ltd. closed its brokered private placement offering of 8,454,545 common shares at a price of $0.22 per share for gross proceeds of $1,859,999.90. Beacon Securities Limited, as lead agent and book-runner, and PI Financial Corp. acted as agents for and on behalf of Golden Reign in connection with the offering.

The net proceeds from the offering will be used for working capital, general corporate purposes and to accelerate exploration on targets outside of the San Albino area.

Cassels Brock acted for Golden Reign with a team composed of Andrea FitzGerald, Alexander Pizale and James Lyle (Securities & Mining).