Toronto, Ontario - Goldspike Exploration Inc. (TSXV: GSE) ("Goldspike" or the "Company") is pleased to announce that 100% of the Company's 5,000,000 common share purchase warrants with a strike of $0.20 have been exercised for proceeds to the Company of $1,000,000. The warrants were issued by Goldspike on October 6, 2010. In addition, the Company also received proceeds of $121,274.65 from the exercise of 346,499 warrants with a strike price of $0.35. The warrants were issued on August 3, 2011 in conjunction with the Goldspike's initial public offering. All the warrants had and an expiry date of February 3, 2015. The Company currently has no further warrants outstanding.
"The exercise of both classes of warrants and recent insider buying demonstrates strong confidence in the Company and the success of our exploration programs to date. We are committed to making the Company's 100% owned Lone Mountain project in Nevada a focus zinc discovery story in 2015." stated Bruce Durham, President and CEO of Goldspike.
For further information contact:
Goldspike Exploration Inc.
4 King Street West, Suite 1500
Toronto, Ontario, M5H 1B6
Tel: (416) 504-8821
Bruce Durham, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.