Guyana Goldstrike Inc. (TSXV:GYA) announced an initial tranche of a non-brokered private placement of 13,020,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,302,000 on February 17, 2021. Each unit consists of one common share and one common share purchase warrant exercisable at a price of CAD 0.15 per share for a period of 36 months following the close of the transaction. All securities issued are subject to a statutory hold period until June 13, 2021. The transaction included participation from returning investor Gold Mountains Asset Management Limited for CAD 1,500,000, Scott Davis for CAD 250,000, Peter Berdusco for CAD 250,000 and Edward Rochette for CAD 405,070. In connection with the transaction, arms-length agents received an aggregate cash fee of CAD 1,600 and issued with 16,000 broker warrants on same terms.