Further to the Company’s news releases dated March 24, April 1 and 7, 2010, the Company is pleased to announce it has received TSX Venture Exchange approval for and closed a private placement of 10,250,000 flow-through units, at a price of $0.25 per flow-through unit, to raise proceeds of $2,562,500.
All of the shares, warrants and any shares issued upon the exercise of the warrants comprising the units are all subject to a hold period and may not be traded in Canada until September 7, 2010, except as permitted by applicable Canadian securities laws. Finders’ fees of $163,485 were paid in connection with the private placement.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Financial Officer/Director
NEITHER THE 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.