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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
August 15, 2007 Shares issued prior to this financing: 65,298,664
Goldeye Explorations Limited Closes Financing with MineralFields Group
Toronto, Canada, August 15, 2007 - Goldeye Explorations Limited (Goldeye) is pleased to announce the completion of a non-brokered private placement for gross proceeds of $480,000 through the sale of 3,692,307 flow-through units to MineralFields Group at $0.13 per flow-through unit. Each flow-through unit consists of one flowthrough 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. Limited Market Dealer Inc. was paid a finder's fee of 184,615 common shares of Goldeye (5% of the units sold) and 369,230 broker's warrants (10% of units sold). All the broker's warrants entitle the holder to purchase an additional common share at $0.20 per share for a two year period.
The proceeds of this offering 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. Goldeye's C.E.O. and President, Blaine R. Webster, stated, "We are very pleased to be entering into this relationship with MineralFields Group. This is an important milestone in the growth of Goldeye Explorations Limited and we look forward to working with MineralFields Group as we develop our holdings in our Canadian exploration projects." MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.
Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.
For further information please contact B. Webster, President and C.E.O. of Goldeye Explorations Limited 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.