placement at .11 for 7mil shares

these guys love helping thre mates out


ABN 39 063 074 635
181 Roberts Road Subiaco Western Australia
Postal: PO Box 616 West Perth 6872 Australia Ph: +61 8 9381 9522 Fax: +61 8 9381 9525
Email: [email protected]
7th April 2009
The Manager
Announcements
Company Announcements Office
Australian Stock Exchange Limited
PO Box H224 Australia Square
SYDNEY NSW 2000
Dear Sir/Madam,
PLACEMENT
Golden State Resources is pleased to announce that funds of $770,000 have been raised by a placement of 7,000,000 shares at a price of 11 cents per share. The issue of shares is within the company’s 15% placement capacity.
The shares are to be issued to various institutional clients and sophisticated investors. The company will pay a 6% commission of total funds raised. The proceeds of the share placement will be used for working capital on the Golden Eagle Oil & Gas Prospect, Grand County, Utah.
Yours faithfully,
Ranko Matic
Company Secretary