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GoldON Announces Private Placement

Victoria, British Columbia CANADA, March 19, 2013 /FSC/ - GoldON Resources Ltd. (GLD - TSX Venture), ("GoldON" or the "Company") is pleased to announce that it has negotiated, subject to regulatory acceptance, a non-brokered private placement of

3,500,000 non-flow-through units at a price of $0.10 per unit and 1,500,000 flow-through shares at a price of $0.10 per share with qualified investors.

IAMGOLD Corporation, GoldON's largest shareholder, has agreed to participate in the offering for up to 1,500,000 non-flow-through units, subject to their holdings not exceeding 19.9% of GoldON's partially diluted share capital.

Each non-flow-through unit consists of one non-flow-through common share and one warrant. Each warrant, in turn, entitles the holder to purchase an additional non-flow-through common share at a price of $0.15 during the first year following the closing of the offering and $0.20 during the second year.

The proceeds from the private placement will be used for exploration of the Company's Swayze Gold Property and general working capital. GoldON may pay cash finders' fees of up to 8% of the subscription proceeds, excluding those of IAMGOLD, and 8% in the form of brokers' warrants in respect of the offering.

About GoldON Resources Ltd.

GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. Its two key properties are the 15,500-hectare Pickle Lake Gold Property in northwestern Ontario and its 6,640-hectare Swayze Gold Property adjoining IAMGOLD's multi-million ounce Cote Gold Project in the Swayze Greenstone Belt. For more information, visit www.goldonresources.com

Shares Outstanding: 20,713,223
 
aus der Diskussion: Das Miner ÜBEL-Wann hört die massenhafte Verwässung auf!!!!???
Autor (Datum des Eintrages): dosto  (21.03.13 12:30:16)
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