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News Releases
| | January 04, 2010
News Release
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| | Further to the Company's news release dated December 22, 2009, the Company reports that it has completed a private placement of $100,000 of units. Each unit is comprised of one flow though share and one warrant exercisable at $0.12 for a period of 12 months, until December 31, 2010. Proceeds are to be utilized to conduct flow through eligible expenditures on the Company's recently acquired Broken Hill-Leo property. A finder's fee of 80,000 units was issued to Talisman Venture Partners Ltd. in connection with this financing in accordance with TSX Venture policies. All securities issued hereunder have a hold period until May 1, 2010.
On Behalf of the Board
"Kevin Russell"
Kevin Russell
President and Director
For further information please contact:
Kevin Russell, President
(780) 665-8118
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPOSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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