/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE
TORONTO, Sept. 21, 2012 /CNW/ - Treasury Metals Inc. ("Treasury Metals"
or the "Company") is pleased to announce that it has completed its
previously announced equity financing, including the full amount of the
over-allotment option, for aggregate gross proceeds of $6.0 million
(the "Offering"). In total, 2,000,000 Units were sold at $0.75 per
Unit and 5,625,000 Flow-Through Shares were sold at $0.80 per
Flow-Through Share. The Offering was completed through a syndicate of
underwriters led by Canaccord Genuity Corp. and including Casimir
Capital Ltd. and Jennings Capital Inc. (collectively, the
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 www.treasurymetals.com.
Vice President, Corporate Development
President and CEO