Golden Goose Resources Corp. Raises $1.5 Million in Private Placement
News related to:Golden Goose Resources Corp · 2 min read
Vancouver, BC (October 14th 2026), TheNewswire - Golden Goose Resources Corp. (CSE: GGR) is set to raise up to $1.5 million through a non-brokered private placement of up to 15,000,000 units. Each unit will consist of one common share and one half of one transferrable common share purchase warrant. The common shares will be issued at a price of $0.10 each, while the warrants will entitle the holder to purchase one common share at a price of $0.20 per share until 5:00 p.m. (Vancouver time) on the second anniversary of the closing date, subject to certain conditions.
The proposed financing is intended to support systematic exploration at Gran Esperanza, including surveys, sampling, and drilling. The company also aims to use the funds for general working capital purposes, which may include marketing or investor relations expenses. By funding these activities, Golden Goose aims to build on its existing exploration work, further evaluate the property’s mineral potential, and generate the technical data needed to guide future exploration priorities.
Each warrant will be subject to an acceleration right, exercisable by the company if for any ten consecutive trading days the daily volume-weighted average trading price of the common shares on the Canadian Securities Exchange (CSE) is $0.35 or greater per common share. If the company exercises its Warrant Acceleration Right, the new expiry date of the warrants will be the 30th day following the news release providing notice of such exercise.
The units issued under the private placement, and the underlying securities, will be subject to certain resale restrictions. These include a hold period of four months and one day from the closing date, in addition to such other resale restrictions as may apply under the securities laws of the applicable jurisdiction of each subscriber or imposed by the CSE. The private placement may close in one or more tranches, and insider participation is expected although the extent is unknown at this time. The company retains the right to raise up to an additional $2.5 million on a private placement basis through the issuance of up to an additional 25,000,000 units on the same terms as the private placement, subject to compliance with applicable securities laws and CSE policies.
In connection with the private placement, the company may pay certain eligible finders a commission in connection with sales to certain purchasers in accordance with the policies of the CSE and applicable securities laws, including cash commissions and broker warrants. The private placement is subject to certain conditions, including the receipt of all necessary regulatory and stock exchange approvals, if required, approval of the CSE.
Golden Goose Resources Corp. is a mineral exploration company dedicated to the discovery and development of mineral resources. The company has the right to acquire 100% of the Gran Esperanza property, which covers 44,400 hectares of year-round accessible terrain in the Los Menucos District within the North Patagonian Massif. The company also has the right to acquire 100% of the Goldfire Property, totaling 83 claims covering 4,680 hectares, located near Gold Field Ltd.'s Windfall Project currently under development. The company holds a controlling interest in the El Quemado Project, comprising 20 mining concessions totaling 8,000 hectares in Salta Province, Argentina.