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GOLD X2 MINING INC. — Capital/Financing Update 2022
Dec 23, 2022
46623_rns_2022-12-23_55f6a9a9-fed4-4b71-9424-a974f5d42ea5.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
GOLDSHORE RESOURCES INC. 918 - 1030 West Georgia Street Vancouver, BC V6E 2Y3
Item 2 Date of Material Change
December 23, 2022.
Item 3 News Release
The news release was disseminated on December 23, 2022 through Newsfile and subsequently filed on SEDAR.
Item 4 Summary of Material Change
On December 23, 2022, Goldshore Resources Inc. announced a non-brokered private placement of up to 4,000,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the "Financing"). Each Unit issued in connection with the Financing is comprised of one common share of the Company (each, a "Common Share") and one-half common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.40 at any time up to 24 months from the closing of the Offering.
Item 5 Full Description of Material Change
5.1 On December 23, 2022, Goldshore Resources Inc. announced a non-brokered private placement of up to 4,000,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000 (the "Financing"). Each Unit issued in connection with the Financing is comprised of one common share of the Company (each, a "Common Share") and one-half common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.40 at any time up to 24 months from the closing of the Offering.
The Company intends to use the proceeds raised from the Financing for future exploration work on its Moss Lake gold deposit in Northwest Ontario, Canada and for general working capital purposes.
The securities issued pursuant to the Financing will be subject to a four-month and one day hold period under applicable securities laws in Canada. Closing of the Financing is subject to approval by the TSX Venture Exchange.
Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
2
Item 7 Omitted Information
None
Item 8 Officer
For More Information – Please Contact:
Brett A. Richards President, Chief Executive Officer and Director Goldshore Resources Inc. P. +1 604 288 4416 M. +1 905 449 1500 E. [email protected] W. www.goldshoreresources.com
Item 9 Date of Report
December 23, 2022