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Additional Information
Market: ASX
Sector: Gold Mining
Epic: GDN
News: Latest news
Web Site: Golden State Resources
Other Articles: 22-07-201015-07-201014-07-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Golden State Resources

Golden State Resources

Golden State Resources Limited (GDN) is an ASX-listed public company with headquarters in Perth, Western Australia. Floated in 1996, the Company is primarily focused on oil and natural gas exploration in the USA and gold projects in the Eastern Goldfields region of Western Australia.

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Friday, July 03, 2009

Golden State Resources to raise funds for exploration in Golden Eagle Gas Field, Utah

Golden State Resources (ASX: GDN) has announced a non-renounceable rights issue of twenty four (24) options for every twenty five (25) shares held at an issue price of 1 cent per new option.

The new options will have an exercise price of 12 cents each and expire on 30 November 2010. The new options will be quoted on the ASX.

Based on full take-up by shareholders, the rights issue would raise approximately $3,814,900 before costs.

The Rights Issue is fully underwritten.

Funds raised will be used for exploration activities in the company's Golden Eagle Gas Field in Grand County Utah, and for working capital purposes.

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