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
GDN Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
