Goldeneye Resources Corp. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.06 per unit for aggregate proceeds of up to CAD 900,000 on July 26, 2021. Each unit will consist of one common share and one-half common share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share, up to a total of 7,500,000 warrant shares, at a warrant exercise price of CAD 0.09 exercisable for a period of 36 months from the date of closing. The transaction will include participation from Windfall Geotek Inc. for CAD 120,000 and other investors. The company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange.

The closing of the private placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. The investment from Windfall Geotek Inc. is subject to TSX Venture Exchange approval of the option agreement between the company and Windfall Geotek Inc. for the Corallen Lake property near Red Lake, Ontario. All securities issued in connection with the transaction will be subject to a statutory hold period in accordance with applicable securities legislation.