GUL

Gulf Shores Resources Ltd. (TSX VENTURE:GUL) (the "Company") is arranging a
non-brokered private placement of $800,000 to be raised through the issuance of
13,500,000 flow-through units ("FT Units") at a price of $0.05 per FT Unit and
2,500,000 non-flow-through units ("NFT Units") at a price of $0.05 per NFT Unit.
Each FT Unit will be comprised of one flow-through common share and one-half of
one flow-through common share purchase warrant ("FT Warrant"). One whole FT
Warrant will entitle the holder to purchase one flow-through common share for a
period of two years at a price of $0.10 per share. Each NFT Unit will be
comprised of one common share and one share purchase warrant ("NFT Warrant").
One whole NFT Warrant will entitle the holder to purchase one non-flow-through
common share for a period of two years at a price of $0.10 per share.


The FT Warrants and NFT Warrants are subject to an acceleration clause such that
in the event the closing price of the Company's common shares on the Exchange is
equal to greater than $0.15 per share for 20 consecutive trading days at any
time following four months after the date of closing, the Company may, by notice
to the warrant holders, reduce the remaining exercise price period of the FT and
NFT Warrants to not less than 30 days following the date of such notice.


The proceeds of the financing will be used for the drilling of Bakken oil wells
on the Company's recently acquired Petroleum & Natural Gas rights in the Wapella
area of South East Saskatchewan and for general working capital purposes.


The private placement is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD

Michael Turko, CEO, President and Director

Grafico Azioni Gulf Shores Resources Ltd. (TSXV:GUL)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Gulf Shores Resources Ltd. (TSXV:GUL)
Storico
Da Giu 2023 a Giu 2024