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Goldshore Resources Inc (OTCMKTS:GSHRF) Stock In Focus After Public Offering

Madison Hall , , , ,

One of the stocks which may come into focus among investors in light of the latest announcement is that of Goldshore Resources Inc (OTCMKTS:GSHRF).

Trading Data

On Wednesday, GSHRF stock soared 0.72% to $0.2110 with more than 17.84K shares, compared to its average volume of 48.72K shares. The stock moved within a range of $0.2091 – 0.2193 after opening trade at $0.2091.

Goldshore Announces $5 Million Public Offering

The company announced yesterday that it had gone into an agreement with Research Capital Corporation and the latter is going to be the lead agent as well as the only book runner in relation to the best-efforts public offering of the company’s securities. The company is looking to raise as much as $5 million from this offering. It may be a good idea for investors to take a closer look at some of the key details of the offering.

The offering is going to be made up of conventional units in the company which are going to be offered at $0.25 a unit. A unit is going to be made up of one common share in Goldshare Resources and one half of a share purchase warrant. In addition to that, the company would also offer flow-through units for $0.30 each.

Last but not least, the flow-through shares in the company is also going to be offered to charitable entities for $0.35 each. It remains to be seen how the entire thing pans out.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.