/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
VANCOUVER, July 9 /CNW/ - Continent Resources Inc. (CNQ: CORE)
(the "Company") wishes to announce that the Company has agreed to increase its
previously announced non-brokered private placement. The Company will now
propose to issue up to 8,400,000 units at a price of $0.25 per unit for gross
proceeds of up to $2,100,000. All other terms of the non-brokered private
placement remain the same as per the May 30, 2008 press release.
Proceeds from the private placement will be used to carry out geological,
geochemical and geophysical studies on the properties being acquired, the
initial phase of drilling on the Lone Mountain property and for general
working capital. Drilling will initially focus on the near-surface copper
oxide mineralization with specific holes deepened to probe the underlying,
higher-grade copper-zinc-silver skarn mineralization discovered during
previous, historical drilling campaigns.
About Continent Resources Inc.
Continent Resources Inc. is a mineral exploration company focusing on the
discovery of copper resources in copper-rich districts in Arizona and
New Mexico. The Company intends to maintain this commodity focus. In addition
to the high-quality portfolio that the Company plans to acquire through its
involvement with the Southwest Group, Continent continues to seek out advanced
copper exploration opportunities (see news release dated May 30, 2008).
On behalf of Continent Resources Inc.
President, CEO & Director
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the 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.
Not For Distribution to U.S. Newswire Services or for Dissemination in
The United States.
The CNQ does not accept responsibility for the adequacy or accuracy of
For further information:
For further information: Continent Resources Inc., Robert Bick, CEO,
President, firstname.lastname@example.org, (604) 639-0430