Canplats Resources Corporation Announces $10,125,000 Bought Deal Financing



    /NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/

    VANCOUVER, Jan. 25 /CNW/ - Canplats Resources Corporation (CPQ-TSX:V) is
pleased to announce a bought deal private placement with a syndicate of
underwriters led by Canaccord Capital Corporation and including Macquarie
North America Ltd., Bolder Investment Partners and National Bank Financial
(collectively the "Underwriters") of 4,500,000 Units (the "Units") at a price
of $2.25 per Unit for gross proceeds of $10,125,000 (the "Offering"). A Unit
will consist of one common share and one-half of one common share purchase
warrant (a "Warrant"). Each whole warrant will entitle the holder to subscribe
for one additional common share at a price of $3.00 for a period of 24 months
from the date of closing.
    As consideration to the Underwriters, Canplats has agreed to pay a
commission of 6.5% of the total proceed raised upon closing and issue
underwriters' warrants ("Underwriters' Warrants") equal to 7% of the Units
issued pursuant to this Offering. Each Underwriters' Warrant will be
exercisable to acquire one common share at $2.25 expiring 24 months after the
closing date.
    The Company has also granted the Underwriters an over-allotment option to
increase the offering by up to 1,800,000 Units, exercisable 48 hours prior to
closing.
    The Company may also sell on a non-brokered private placement basis up to
$1,575,000 of Units having the same terms as noted above.
    The Company intends to use the net proceeds from the offering to advance
the Company's mineral projects in Mexico and for general working capital
purposes.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    This news release does not constitute an offer to sell or solicitation of
an offer to sell any securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.

    Cautionary Statement Regarding Forward-Looking Information

    All statements, trend analysis and other information contained in this
press release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. Forward-looking statements are subject
to business and economic risks and uncertainties and other factors that could
cause actual results of operations to differ materially from those contained
in the forward-looking statements. Forward-looking statements are based on
estimates and opinions of management at the date the statements are made. The
Company does not undertake any obligation to update forward-looking statements
even if circumstances or management's estimates or opinions should change.
Investors should not place undue reliance on forward-looking statements.




For further information:

For further information: Corporate Information, Canplats Resources
Corporation, R.E. Gordon Davis, Chairman and C.E.O., Direct: (604) 484-8220;
Canplats Resources Corporation, Bruce A. Youngman, President and C.O.O.,
Direct: (604) 484-5960; Investor Inquiries, Blaine Monaghan, Director,
Investor Relations, Direct: (604) 484-2194, NA Toll-Free: (866) 338-0047,
info@canplats.com, http://www.canplats.com; G2 Consultants Corporation, NA
Toll-Free: (866) 742-9990, Tel: (604) 742-9990, Fax: (604) 742-9991,
canplats@g2consultants.com

Organization Profile

CANPLATS RESOURCES CORPORATION

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