January 14, 2009 - Vancouver - Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to announce that it has completed a non
brokered private placement (the "Private Placement") of 3,900,000
units (each a "Unit") at a purchase price of $0.15 per Unit to raise
aggregate gross proceeds to the Company of $585,000.
Each Unit consists of one common share of the Company and one transferable common share purchase warrant...(a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.20 per share until 12 months after the date of closing of the Private Placement. Proceeds from the Private Placement will be used for general working capital purposes.
All securities issued in connection with the Private Placement will be subject to a four month hold period expiring May 15, 2009. Media Information, contact: Scott Emerson, Chairman and Director SE@goldenpeaks.com Investor Information, contact: Mike Kordysz, Investor Communications MK@goldenpeaks.com
The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
You can view the Previous News Releases item: Wed Jan 7, 2009, Golden Peaks Resources Ltd. Announces $585,000 Financing http://www.goldenpeaks.com/s/home.asp
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