A private placement agreement has been signed between Manson Creek Resources (VSE) and Golden Rule (TSE) where Golden Rule will purchase up to one million units of Manson Creek at a price of 40 per unit. Each unit will consist of one common share and one non-transferrable share purchase warrant to acquire an additional share at 40 per share during the first year and 46 per share during the second year of the agreement.
The shares forming part of the units and the shares underlying the warrants will be issued on a flow- through basis.
Funding will be used for exploration and development of properties held by Manson Creek.
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