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GOE Goldeneye Resources Corp

0.015
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldeneye Resources Corp TSXV:GOE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.015 0.015 0.025 0 01:00:00

Goldeneye Acquires Oil and Gas Interest in Oklahoma

29/11/2012 12:45pm

Marketwired Canada


Goldeneye Resources Corp. (TSX VENTURE:GOE) (the "Company" or "Goldeneye") is
pleased to announce that it has entered into a letter of intent (the "LOI") with
TexKanOk Energy, LLC (the "Vendor"), an arm's length party to the Company, to
acquire an interest in the Keyes Dome Project, Oklahoma (the "Project").


The Project consists of a total of 3,200 acres in five sections of oil and gas
leases, located in Cimarron County, Oklahoma, currently held or under
accumulation by the Vendor. 


Under the terms of the LOI, the Company will pay a total of $266,000 and issue a
total of 3,300,000 common shares and 1,650,000 transferrable share purchase
warrants to the Vendor in stages as set out below. Each warrant will authorize
the holder thereof to purchase one common share of the Company for a period of
five years from the date of issue at an exercise price of $0.30 per share.




--  Advance $120,000 upon execution of the LOI, such amount to be treated as
    a refundable deposit until certain of the leasehold interests are
    assigned to GOE; 
--  Pay $146,000 upon acceptance of the transaction by the TSX Venture
    Exchange (the "Exchange"); 
--  Issue 1,500,000 common shares upon Exchange acceptance; and 
--  Subject to the Keyes Dome Project demonstrating commercial production,
    issue 1,800,000 common shares and 1,650,000 share purchase warrants on
    or before the date that is twelve months from the date of Exchange
    acceptance. 
--  All securities shall be issued directly to the shareholders of the
    Vendor and shall be subject to resale restrictions in accordance with
    U.S. and Canadian securities laws. 



The Company has commissioned a National Instrument 51-101 Report on the Project
and will provide detail technical information about the Project upon completion
and filing of the Report.


A finder's fee is payable with respect to the transaction pursuant to the
policies of the Exchange.


The transaction and all payments and share and warrant issuances are subject to
the acceptance of the Exchange. There is no assurance that GOE will obtain the
acceptance of the Exchange to the transaction.


ON BEHALF OF THE BOARD

Geoff Balderson, President

We seek safe harbor.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeneye Resources Corp.
604.602.0001
604.448.0886 (FAX)

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