brief summary
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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)
Goldeye Explorations Limited
105 West Beaver Creek Rd., Suite 5A, Richmond Hill, ON, L4B 1C6, Canada
TSX Venture Exchange Symbol GGY
Shares issued: 38,640,674
Goldeye Private Placements
Toronto, Canada, December 11, 2006 - Goldeye Explorations Limited
(Goldeye) has completed a non-brokered private placement for gross proceeds of $200,200 which was
previously announced on November 29, 2006. 1,820,000 units of Goldeye are to be
issued at a price of $0.11 per unit. Each unit consists of one flow-through common share
and one-half of a non-flow-through common share purchase warrant. Each whole warrant
entitles the holder to purchase an additional common share at $0.20 per share for a two
year period. The securities are subject to a four month hold period expiring April 2,
2007.
Goldeye has also arranged to complete a brokered arm’s length private placement for
gross proceeds of $1,000,000 pursuant to the “Accredited Investor” exemption in NI 45-
106 subject to the acceptance by the TSX Venture Exchange. 7,692,308 units of Goldeye
are to be issued at a price of $0.13 per unit. Each unit consists of one flow-through
common share and one-half of a non-flow-through common share purchase warrant.
Each whole warrant entitles the holder to purchase an additional common share for $0.20
per share for a two year period. The securities are subject to a four month hold period. A
finder’s fee is payable in the amount of $7,000 cash, 330,769 common shares of Goldeye
and 769,231 broker’s warrants. Each broker’s warrant entitles the holder to purchase an
additional common share at $0.20 per share for a two year period.
Goldeye has also arranged to complete a non-brokered arm’s length private placement for
proceeds of $24,500 pursuant to the “Accredited Investor” exemption in NI 45-106
subject to the acceptance by the TSX Venture Exchange. 188,462 common shares of
Goldeye are to be issued at a price of $0.13 per share.
All proceeds of the flow-through offerings will be used for mineral exploration on
Goldeye’s Canadian mineral properties qualifying as Canadian Exploration Expense
(CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable
tax credits and deductions. Proceeds of the non-flow-through subscription will be used
for administrative expenses.
Goldeye is a mineral exploration company acquiring, exploring and advancing properties
in Canada and Chile. The Company is currently drilling in Tyrrell Twp., NE Ontario. The
Company’s other properties are situated in B.C. (Todd Creek, Stewart gold camp),
Region V of central Chile, Northwestern Ontario (Sandy Lake, Gold Rock) and Fawcett
Twp., NE Ontario.
For further information please contact B. Webster, C.E.O and President at 905
731 9367, Fax 905 731 9312. Goldeye's web-site address is www.goldeye.ca.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.