Golden Shield raises $989k in oversubscribed financing for Marudi exploration

Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) has closed an oversubscribed financing, raising $989,450 through the issuance of 6,596,333 shares at $0.15 each. No finder's fees were paid. Proceeds will be used for general working capital and exploration at the Marudi Mountain Property. Insiders and a former director participated, settling $248,000 in debt through share issuance. Shares are subject to a four-month hold period.