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Golden Cross Resources Upsizes a Private Placement of Share Units to $3.8 Million

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Golden Cross Resources (AUX.V) on Tuesday said it upsized a non-brokered private placement to $3.8 million up from its prior $3.0-million target.

The company said it will not place 22.1-million units priced at $0.17 and made up of a share and one half of a two-year warrant to buy a share for $0.30.

Proceeds will be used for exploration drilling and development of its Reedy Creek high-grade gold project in Australia and for general working capital and administrative needs.

Shares of the company were last seen up $0.01 $0.185 on the TSX Venture Exchange.

Price: $0.19, Change: $+0.01, Percent Change: +5.71%

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