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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)
Goldeye Explorations Limited
85 West Wilmot St., Unit 4, Richmond Hill, ON, L4B 1K7, Canada
For Immediate Release TSX Venture Exchange Symbol GGY Shares Issued: 85,656,228
Goldeye Announces Completion of $281,000 Private Placement
Toronto, Canada, August 12, 2009 – Goldeye has completed a partially brokered $281,000 private placement pursuant to the “Accredited Investor” exemption in NI 45- 106, conditionally accepted by the TSX Venture Exchange. A total of 7,025,000 units of Goldeye were issued at a price of $0.04 per unit. Each unit consisted of one common share and one share purchase warrant. Each share purchase warrant entitles the holder to acquire one additional common share at a price of $0.06 per share until first year from closing and $0.10 per share until second year from closing. The shares will be subject to a four month hold period. Cash commissions (6%) totaling $13,140 were paid on the brokered portion of this private placement (5,475,000 units) and 438,000 broker warrants (8%) were issued to CIBC World Markets. Each broker warrant entitles the holder to acquire one common share of Goldeye at a price of $0.08 until two years from closing.
All proceeds will be used for general and administrative purposes and to finance mineral exploration on Goldeye’s mining properties.
Goldeye is pursuing its three gold projects in Canada: Tyrrell and Sandy Lake (Ontario) and Todd Creek (Stewart Mining Camp, BC) and its gold/silver project in central Chile, Sonia Puma. There were 85,656,228 common shares of Goldeye issued prior to this private placement.
For further information please contact Blaine Webster, C.E.O and President at (905) 731-9367 or (905) 886-2538 or e-mail goldeye@goldeye.ca 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.