Golden Peaks Resources Ltd. closes private placement

VANCOUVER, Nov. 26 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to announce that it has successfully closed its
previously announced brokered private placement (the "Financing") consisting
of 4,000,000 units (each, a "Unit") for gross proceeds to the Company of
$2,041,690. 

An aggregate of 3,831,000 Units were sold to arm's length
investors at a purchase price of $0.51 per Unit and an aggregate of 169,000
Units were sold to non-arm's length investors at a purchase price of $0.52 per
Unit. Each Unit consists of one common share and one common share purchase
warrant. Each warrant is transferable and entitles the holder to purchase an
additional common share of the Company at any time until May 19, 2011.
Warrants issued to arm's length investors are exercisable at a purchase price
of $0.64 per share and warrants issued to non-arm's length investors are
exercisable at a purchase price of $0.65 per share. 

      Canaccord Capital Corporation acted as the agent (the "Agent") in
connection with the Financing. In consideration for the services provided to
the Company by the Agent, the Company issued to the Agent 75,000 corporate
finance units - each unit consisting of one common share and one
non-transferable common share purchase warrant exercisable at a price of $0.65
per share until May 19, 2011. The Agent also received non-transferable
warrants that entitle it to purchase up to 268,710 common shares exercisable
at a price of $0.65 per share until May 19, 2011. The Agent also received a
cash commission of $136,766.60 and an administration fee of $5,000.
     All securities issued in conjunction with the Financing have a hold
period expiring on March 20 ,2010. 

      The net proceeds of this Financing will be used to fund exploration and
development activities on the Company's La Fortuna gold project in Argentina
and for general corporate purposes.

     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.

For further information: Media Information, contact: Scott Emerson,
Chairman and Director, SE@goldenpeaks.com; Investor Information, contact: Mike
Kordysz, Investor Communications, MK@goldenpeaks.com/ 

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Golden Peaks Announces $2.0 Million Brokered Private Placement

VANCOUVER, Oct. 6, 2009 (Canada NewsWire via COMTEX) --
   
    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
    FOR DISSEMINATION IN THE UNITED STATES/

Golden Peaks Resources Ltd. (GL) (the "Company") is pleased to announce that it has negotiated a commercially reasonable efforts private placement with Canaccord Capital Corporation (the "Agent") for up to 4,000,000 units (the "Units") at a price of $0.51 per Unit for gross proceeds of up to $2,040,000 (the "Offering").

Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to subscribe for one additional Common Share at a price of $0.64 for a period of 18 months from the date of closing of the Offering (the "Closing").

The Units will be made available by way of private placement exemptions to accredited investors (as such term is defined by National Instrument 45-106 - Prospectus and Registration Exemptions) in Canada and in certain exempt jurisdictions outside of Canada as may be agreed upon by the Company and the Agent.

Closing of the Offering is anticipated to occur on or before October 28, 2009 and is subject to the receipt of all necessary corporate and regulatory approvals including approval of the TSX. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The funds raised from the issuance of the Units will be used for general exploration expenditures on its La Fortuna and Golden Cateo properties in Argentina and for general working capital purposes.

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.

SOURCE: Golden Peaks Resources Ltd.

Media Information, contact: Scott Emerson, Chairman and Director, SE@goldenpeaks.com;
Investor Information, contact: Mike Kordysz, Investor Communications,
MK@goldenpeaks.com

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Cerro Delta Drill Permits Received - Golden Peaks Resources Ltd.

Thursday February 12, 12:38 pm ET VANCOUVER, Feb. 12 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL - News; the "Company") is pleased to provide an update on the current activities pertaining to the Company's Cerro Delta and La Fortuna Argentinean gold projects. The Company has acquired and maintains controls over a 100% interest in both projects. 

The Cerro Delta project is located in the province of La Rioja, adjacent to the international border with Chile and in close proximity to the Cerro Casales porphyry gold deposit; a joint venture between Barrick Gold Corporation and Kinross Gold Corporation. The La Fortuna project is centrally located in the province of Chubut. Given the current global economic climate the Company is pleased to announce that it continues to forge ahead with its 2009 program and has made excellent progress in that regard on both current projects. 

The following summary provides insight with respect to each project : Cerro Delta ----------- The Company received today the water permit from the La Rioja Ministerio De Infraestructura Secretaria Del Agua, as well as approval of the environmental impact study (EIS) from the La Rioja Secretaria De Mineria y Energia for the proposed diamond drilling program on the project. Cerro Delta is a porphyry gold-copper system. Recently completed Pole-Dipole IP/Resistivity and Ground Magnetic Surveys by Quantec Geoscience Argentina S.A clearly shows large scale porphyry and associated structural targets coincident with anomalous surface gold values. Due to seasonal conditions drill targets have been selected and the Company is planning on drilling 6 of the top priority targets. The Company is currently evaluating tenders on the drill contract and road upgrading. The Cerro Delta project is located in the Maricunga gold district of Chile/Argentina and lies on the same structure that hosts the Cerro Casale deposit, 20 km to the west. 

La Fortuna ---------- The Company, in 2008, expanded the scope and detail of its ongoing baseline environmental monitoring program which was initiated in 2006. The results continue to indicate the company's activities are within the permitted standards of the approved EIS. This work is being done in anticipation of future development. The Company has also completed reclamation and road repairs in preparation for the next phase of exploration drilling on the project. The Company recently completed a prospecting and sampling program in the Southern part of the project between the Canadon Bagual and ML Zones. Results will be released once complied and evaluated. The La Fortuna project covers a large mineral district (+ 8,0000 ha/19,800 acres). Prior to the recently completed prospecting and sampling program a total of 21 zones of structurally controlled gold mineralization had been identified. The structures which host the various gold zones total in aggregate a lineal distance of approximately 20 kilometres (prior to completion of the recently completed prospecting and sampling program). The Company has completed 244 drill holes on 20 of the zones on a broad spacing. 

The wide spaced drilling intersected gold mineralization in every zone and indicates significant potential in every zone. The precious metal mineralization discovered to-date is dominantly of gold, however, silver is locally important. All of the gold mineralization is structurally controlled - veins, replacement bodies of sulphide and mineralized brecciated sub volcanic intrusives. Working with Snowden Mining Industry Consultants Inc., in preparation of the Company's resource calculation the Company has identified specific gold deposits and exploration targets which require closer spaced diamond drilling prior to estimation of Mineral Resources compatible with the Canadian Institute of Mining ("CIM") Standards. 

The Company is also preparing, on the recommendation of Snowden, specific format databases for all mineralized drill holes. 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. 

For further information Media Information, contact: Scott Emerson, Chairman and Director, SE@goldenpeaks.com Investor Information, contact: Mike Kordysz, Investor Communications, MK@goldenpeaks.com http://finance.yahoo.com/q?s=GL.TO

 

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Golden Peaks Resources Ltd. - Cerro Delta Drill Permits Received

Thursday February 12, 12:38 pm ET VANCOUVER, Feb. 12 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL - News; the "Company") is pleased to provide an update on the current activities pertaining to the Company's Cerro Delta and La Fortuna Argentinean gold projects. 

The Company has acquired and maintains controls over a 100% interest in both projects. The Cerro Delta project is located in... Text vollständig anzeigen the province of La Rioja, adjacent to the international border with Chile and in close proximity to the Cerro Casales porphyry gold deposit; a joint venture between Barrick Gold Corporation and Kinross Gold Corporation. The La Fortuna project is centrally located in the province of Chubut. 

Given the current global economic climate the Company is pleased to announce that it continues to forge ahead with its 2009 program and has made excellent progress in that regard on both current projects. The following summary provides insight with respect to each project : Cerro Delta ----------- The Company received today the water permit from the La Rioja Ministerio De Infraestructura Secretaria Del Agua, as well as approval of the environmental impact study (EIS) from the La Rioja Secretaria De Mineria y Energia for the proposed diamond drilling program on the project. 

Cerro Delta is a porphyry gold-copper system. Recently completed Pole-Dipole IP/Resistivity and Ground Magnetic Surveys by Quantec Geoscience Argentina S.A clearly shows large scale porphyry and associated structural targets coincident with anomalous surface gold values. Due to seasonal conditions drill targets have been selected and the Company is planning on drilling 6 of the top priority targets. The Company is currently evaluating tenders on the drill contract and road upgrading. The Cerro Delta project is located in the Maricunga gold district of Chile/Argentina and lies on the same structure that hosts the Cerro Casale deposit, 20 km to the west. 

La Fortuna ---------- The Company, in 2008, expanded the scope and detail of its ongoing baseline environmental monitoring program which was initiated in 2006. The results continue to indicate the company's activities are within the permitted standards of the approved EIS. This work is being done in anticipation of future development. 

The Company has also completed reclamation and road repairs in preparation for the next phase of exploration drilling on the project. The Company recently completed a prospecting and sampling program in the Southern part of the project between the Canadon Bagual and ML Zones. Results will be released once complied and evaluated. The La Fortuna project covers a large mineral district (+ 8,0000 ha/19,800 acres). Prior to the recently completed prospecting and sampling program a total of 21 zones of structurally controlled gold mineralization had been identified. The structures which host the various gold zones total in aggregate a lineal distance of approximately 20 kilometres (prior to completion of the recently completed prospecting and sampling program). The Company has completed 244 drill holes on 20 of the zones on a broad spacing. The wide spaced drilling intersected gold mineralization in every zone and indicates significant potential in every zone. 

The precious metal mineralization discovered to-date is dominantly of gold, however, silver is locally important. All of the gold mineralization is structurally controlled - veins, replacement bodies of sulphide and mineralized brecciated sub volcanic intrusives. Working with Snowden Mining Industry Consultants Inc., in preparation of the Company's resource calculation the Company has identified specific gold deposits and exploration targets which require closer spaced diamond drilling prior to estimation of Mineral Resources compatible with the Canadian Institute of Mining ("CIM") Standards. 

The Company is also preparing, on the recommendation of Snowden, specific format databases for all mineralized drill holes. 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. 

For further information Media Information, contact: Scott Emerson, Chairman and Director, SE@goldenpeaks.com Investor Information, contact: Mike Kordysz, Investor Communications, MK@goldenpeaks.com http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=gl

 

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Golden Peaks Resources Ltd. Closes $585,000 Financing

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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