non-brokered private placement of up to 6,000,000 units at a price of $0.05 per
unit to raise a total of up to $300,000. A unit will consist of one common share
and one transferable common share purchase warrant valid for one year. Each
warrant will entitle the holder to purchase one additional common share at a
price of $0.075 for one year.
The Company has agreed to pay finders’
fees, upon closing, on portions of the proceeds raised in accordance with TSX
Venture Exchange policies. Proceeds of the placement will be applied to ongoing
work programs on the Company’s current portfolio of properties and on general
working capital. Completion of the placement is subject to the approval of the
TSX Venture Exchange.
On behalf of the Board,
“Ian
Foreman”
Ian Foreman, P.Geo.
President
please call the Company at 604-678-2531.
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, other than purely
historical information, including statements relating to the Company’s future
plans and objectives or expected results, may include forward-looking
statements. Forward-looking statements are based on numerous assumptions and are
subject to all of the risks and uncertainties inherent in resource exploration
and development. As a result, actual results may vary materially from those
described in the forward-looking statements.
