ANNOUNCEMENT
• Golden State $4 million share placement.
• Exercise of listed options
Share Placement Raises Funds for Working Capital
Golden State Resources is pleased to announce that $4 million has been raised by
the placement of 7,476,635 shares at a price of 53.5 cents per share to Cranport
Hedge Fund and to CK Locke and Partners of Perth.
The placement price was calculated at today’s closing price less a 7.5% discount.
The proceeds of the share placement will be applied to working capital for the
Company.
Exercise of listed options
The attached 3B includes the issue of 307,500 new ordinary shares as a result of the
exercise of listed options (GDNO) expiring on 30 June 2007.
more pages on announcement.
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