Shares Issued 43,502,201
VAL-D'OR, QC, Nov. 20 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) has
arranged a non-brokered private placement (the "Offering") for gross proceeds
of up to $600,000 through the sale of up to 1,944,444 flow through common
shares ("FT Shares") at a price of $0.18 per FT Share and up to 1,666,666
units ("Units") at a price of $0.15 per Unit. Each Unit will consist of one
non-flow through common share of Hinterland and one share purchase warrant
("Warrant"). Each Warrant will entitle the holder thereof to purchase one
non-flow through common share of Hinterland at a price of $0.25 per share if
exercised on or before 12 months from closing and for an additional 12 months
thereafter at a price of $0.35 per share.
The FT Shares and Units are being offered pursuant to exemptions from the
prospectus and registration requirements of applicable securities laws,
subject to the receipt of necessary regulatory approvals. No offering
memorandum or other offering document will be furnished to subscribers of the
Units. The closing is expected to occur before November 30, 2007. All
securities issued pursuant to the Offering shall be subject to a hold period
of four months and one day from closing.
An agent's commission will be paid in cash equal to 7.5% and in
non-transferable warrants ("Agent's Warrants") equal to 10% of the gross
proceeds received by Hinterland from the sale of the FT shares or Units by
eligible agents. For the FT shares sold, each Agent's Warrant will entitle the
holder thereof to acquire one common share of Hinterland $0.18 per share on or
before 12 months from closing. For the units sold, each Agent's Warrant will
entitle the holder thereof to acquire one common share of Hinterland $0.15 per
share on or before 12 months from closing.
The proceeds from the Offering will be used by Hinterland to advance its
exploration projects in Canada and for general working capital.
Investors are invited to visit the Hinterland IR Hub at
www.agoracom.com/IR/Hinterland where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence
to HMI@agoracom.com where they can also request to be added to the investor
e-mail list in order to receive all future press releases and updates in real
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. This release contains forward-looking statements
reflecting the Company's objectives, estimates and expectations for its
projects. These statements are identified by the use of verbs such as
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", and the negative thereof or other variations thereon or
comparable terminology. By their very nature, these types of statements
involve risk and uncertainty. Consequently, results could differ materially
from the Company's projections or expectations.
For further information:
For further information: Mark Fekete, President at Toll Free
1-877-874-8182, E-mail: email@example.com, Website: