/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE
TORONTO, Sept. 13, 2012 /CNW/ - Treasury Metals Inc. ("Treasury Metals"
or the "Company") is pleased to announce that it has amended the terms
of the previously announced bought deal private placement with a
syndicate of underwriters led by Canaccord Genuity Corp. and including
Casimir Capital Ltd. and Jennings Capital Inc. (collectively, the
"Underwriters") to increase the size of the offering by an additional
$2.0 million for total gross proceeds to the Company of $5.0 million
(the "Underwritten Offering") in any combination of units and
flow-through common shares.
In addition, the Underwriters and the Company have agreed to amend the
terms of the Offering to allow the Underwriters to sell, in any
combination, additional units and flow-through common shares to raise
additional gross proceeds of up to $1.0 million (the "Over-Allotment
Option" and together with the Underwritten Offering, the "Offering").
If exercised in full, the total size of the Offering would increase to
The net proceeds raised through the Offering will be for the advancement
of the Company's assets and for general working capital purposes.
Forward Looking Statements
This press release contains forward-looking statements such as the
expected use of the net proceeds from the private placement, our future
financial condition, business plans and objectives, results of
operations and business. Such statements are based on operations,
estimates, forecasts and projections. They are not guarantees of future
performance or events and involve risks and uncertainties that are
difficult to predict and may be beyond Treasury Metals' control. A
number of important factors could cause actual outcomes and results to
differ materially from those expressed in forward-looking statements,
including those set forth herein and in other public filings. In
addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not be placed on such
forward-looking statements. Treasury Metals disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.
SOURCE: Treasury Metals Inc.
For further information:
To learn more about Treasury Metals, please visit the Company's website at
Vice President, Corporate Development
President and CEO