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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
May 2, 2007 Shares issued prior to this private placement: 54,012,664
Goldeye Increases Private Placement
Toronto, Canada (CCNMatthews, May 2, 2007) – Further to its proposed private placement announced March 27, 2007, Goldeye wishes to announce that the offering has been over-subscribed and it intends to complete a partially brokered arm’s length private placement for gross proceeds of $1,250,150.00 pursuant to the “Accredited Investor” exemption in NI 45-106 subject to the acceptance by the TSX Venture Exchange. 11,365,000 units of Goldeye will be issued at a price of $0.11 per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase an additional common share for $0.15 per share for a two year period. The securities will be subject to a four month hold period. A total of $73,172 cash, 801,500 share purchase warrants and 80,000 common shares will be issued as finders’ fees or commissions in connection with the offering.
All proceeds will be used for exploration on Goldeye’s non-Canadian mineral projects and for working capital and administrative expenses.
Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.
For further information please contact B. Webster, C.E.O and President at 905-886-2538, Fax 905-886-8210. 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.