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Golden Shield Announces Signing of Binding Letter of Intent for C$6 Million Strategic Investment and Recapitalization with Walsh Karra Holdings

Golden Shield Announces Signing of Binding Letter of Intent for C$6 Million Strategic Investment and Recapitalization with Walsh Karra Holdings

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Key Highlights

  • Binding Letter Agreement signed for a C$5,000,000 strategic investment in Golden Shield, with up to a further C$1,000,000 available to existing shareholders and management, for total gross proceeds of up to C$6,000,000
  • Escrowed proceeds released upon renewal and issuance of Prospecting Licence PL 1/2021 at the 100%-owned, 5,457-hectare Marudi Mountain Project, shareholder approval and CSE acceptance
  • Marudi hosts the Mazoa Hill gold deposit, subject to a 2017 historical estimate of 4.43 Mt at 1.82 g/t Au (259,100 oz) Indicated and 1.65 Mt at 1.62 g/t Au…

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