Gold Basin Resources closes private placement

Gold Basin Resources Corporation (TSX-V:GXX) has successfully completed a non-brokered private placement, generating $963,350 in gross proceeds by issuing 6,422,335 common shares at $0.15 per share. The company intends to use the net proceeds to support ongoing fieldwork, exploration efforts at its mineral projects, and for general working capital, while also paying cash finder's fees to certain entities.