First Mining Gold

First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 21 mineral assets in Canada, Mexico and the U.S.A.

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Message: Completes Private Placement for $250,000
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Completes Private Placement for $250,000

posted on Sep 30, 2009 03:49PM
September 29, 2009
Gold Canyon Completes Private Placement for $250,000
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2009) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce closing of its previously announced non-brokered private placement of common share units (the "Units") at a price per Unit of $0.25 for gross proceeds to the Company of $250,000. Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant of the Company, exercisable at any time up to 4:30 p.m. (Vancouver time) on September 29, 2011 for one common share at a price of $0.40 per share. No finder fees were paid.

Any securities to be issued will be subject to a hold period of four months expiring on January 30, 2010 in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.

The proceeds will be used for additional work on Gold Canyon's Springpole Gold Project, Rare Earth Element projects and general corporate purposes.

About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.

Through its wholly owned U.S. subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A.

Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

Additional information can be found on the Company's website: www.goldcanyon.ca

Akiko Levinson, President & Director
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