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.
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.
Other Golden State Resources articles
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17/09/09 Golden State Resources looks to get production from Utah wells
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27/07/09 Golden State Resources reports gas produced in testing of Ismay formation at Paradox #2
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25/06/09 Highly anticipated testing begins today of Golden State Resources' Paradox Basin #2 gas discovery
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12/06/09 Golden State Resources moves closer to testing gas discovery in Paradox Basin Well #2
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13/05/09 Golden State Resources to evaluate discovered gas, drilling ahead at Paradox Basin #2
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06/05/09 Golden State Resources sets scene for further advances
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01/05/09 Golden State Resources raises $5.7m to complete Paradox Basin #2 well, is the best yet to come?
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23/04/09 Proactive Investors Q&A with Golden State Resources
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15/04/09 Golden State Resources delivers more goodies at Paradox Basin #2 in Chimney Rock formation
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09/04/09 Golden State Resources ups the ante with high levels of gas in Upper Ismay at Paradox #2
Other Golden State Resources news
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08/02/10 Golden State Resources drilling ahead at Paradox Basin #3 well
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03/02/10 Golden State Resources reports drilling at Paradox Basin # 3 on track
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01/02/10 Golden State Resources taps A$5.0 million in funding for Paradox Basin #3 well
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29/01/10 Golden State Resources gets busy with Paradox Basin #3
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15/01/10 Golden State Resources to kick off drilling of Paradox Basin #3
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04/01/10 Golden State Resources receives permit to drill Paradox Basin #3
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07/12/09 Golden State Resources raises tidy $660,000 for Golden Eagle well in Utah
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26/11/09 Golden State Resources provides update on Golden Eagle Gas field in Utah
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26/10/09 Golden State Resources planning for Paradox Basin #3 well
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25/08/09 Golden State Resources commences testing Paradox Basin #1 well, further tests on #2 well
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