/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./TORONTO, Aug. 4 /CNW/ - Comaplex Minerals Corp. (TSX:CMF) ("Comaplex")
has announced today that it has entered into an agreement with a syndicate of
underwriters led by BMO Capital Markets, under which the underwriters have
agreed to buy on a private placement, bought deal basis, 4,710,000 common
shares (the "Common Shares") at a price of $4.25 per Common Share for gross
proceeds of approximately $20 million. The Company has also granted the
underwriters the option, exercisable in whole or in part at any time, on the
second business day prior to closing, to acquire an additional 466,400 common
shares at $4.25 to cover over-allotments. The offering is expected to close on
or about August 25, 2009.
Comaplex anticipates it will use the net proceeds from the sale of Common
Shares for general corporate purposes.
The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.
For further information: George F. Fink, President, or Mark J. Balog,
Chief Operating Officer, or Kirsten Kulyk, Manager - Investor Relations at
(403) 265-2846 or visit our website at www.comaplex.com
