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Goldeneye receives final Exchange acceptance on Keyes Dome Project acquisition and closes financing

April 11, 2013: Vancouver, BC – Goldeneye Resources Corp. (TSXv: GOE) (the “Company” or “Goldeneye”) is pleased to announce that it has received final acceptance from the TSX Venture Exchange (the “Exchange”) to its acquisition of the Keyes Dome Project, Oklahoma (see news release dated November 29, 2012).  The Project consists of a total of 3,200 acres in five sections of oil and gas leases, located in Cimarron County, Oklahoma.

A National Instrument 51-101 Report has been completed on the Project and is now available under the Company’s name on SEDAR (www.sedar.com). 

The Company also announces that it has closed its private placement announced in its news release of January 17, 2013.  The Company sold a total of 3,385,833 units at $0.30 per unit for total gross proceeds of $1,015,750.  Each unit consists of one common share and one transferable share purchase warrant.  One-half of the warrants are exercisable at a price of $0.45 per share until April 9, 2016 and one-half of the warrants are exercisable at a price of $0.60 per share until April 9, 2016.

The Company paid a total of $56,616 in finders’ fees and issued to finders a total of 188,720 share purchase warrants, each warrant exercisable into one common share of the Company at a price of $0.385 per share until April 9, 2016.

Proceeds of the private placement will be used to commence development work at the Company’s Keyes Dome light oil project, continue exploration on the Company’s Savant Lake property and for general working capital.

All securities issued under the placement are subject to statutory hold periods expiring on August 10, 2013.

Due to demand, the Company announces that it has arranged a further private placement of up to 4,000,000 units at $0.30 per unit for total gross proceeds of up to $1,200,000.  Each unit will consist of one common share and one transferable share purchase warrant.  One-half of the warrants will be exercisable at a price of $0.45 per share for a period of three years and one-half of the warrants will be exercisable at a price of $0.60 per share for a period of three years from the date of issue. The Company has reserved an additional "greenshoe" option of $500,000 on the same terms as noted above.

Finders’ fees will be payable with respect to the private placement pursuant to the policies of the Exchange.

Proceeds of this private placement will be used to fund further development of the Keyes Dome Project and for general working capital. 

 

The Company also announces that the terms of the Savant Lake property agreement, described in the Company’s Filing Statement dated October 18, 2013, have been revised.  The 500,000 shares due to the Optionor on January 15, 2013, will now be issued on August 15, 2013, the payment of $40,000 due on October 15, 2013, was paid on April 1, 2013, and the requirement to incur $238,717.47 on the property by October 15, 2013, was waived.

ON BEHALF OF THE BOARD

Geoff Balderson, President

We seek safe harbor.

Neither 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.

Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties.  Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.  Actual results in each case could differ materially from those currently anticipated.  Except as required by law, the Company does not intend to update any changes to such statements.