Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reported closing of its previously announced private placement of common share units at a price per Unit of $0.21 for gross proceeds to the Company of $1,500,000.

The press release is quoted as saying:

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.

Click here to access the entire press release ^[1]

Click here to access Gold Canyon Resources Corporate Site ^[2]