December 18, 2009
Gowest Amalgamated Resources Ltd. (TSXV: GWA) completed a brokered private placement for aggregate gross proceeds of $6,572,688. Gowest issued and sold: (i) 11,778,278 units of the company, at a price of $0.18 per unit, with each unit being comprised of one common share of the company and one common share purchase warrant; and (ii) 20,239,081 flow-through units of the company, at a price of $0.22 per flow-through unit, with each flow-through unit being comprised of one flow-through common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of $0.30 until December 18, 2011.Gowest is a Canadian gold exploration and development company focused on financing, exploring, growing and mining its 100% owned Frankfield East gold deposit.
Wildeboer Dellelce LLP acted for Gowest with a team that included James Brown, Alexandra Vazquez and Irene Kim (corporate/securities) and Andrea Shreeram (tax).