Shares Issued 43,502,201
VAL D'OR, QC, Sept. 19 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is
pleased to announce that it has closed a non-brokered private placement (the
"Offering") for gross proceeds of $182,000 through the sale of 1,300,000 flow
through shares ("FT shares") at a price of $0.14 per FT-share.
The FT shares were 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 has been furnished to subscribers of the FT shares. All
securities issued pursuant to the Offering are subject to a four-month hold
period ending January 20, 2008.
A finder's fee totaling $13,650 cash was paid and 130,000
non-transferable compensation warrants were issued in connection with the
Offering. Each compensation warrant entitles the holder thereof to purchase
one common, non-FT share of Hinterland at a price of $0.14 per share on or
before September 20, 2008. The proceeds from the Offering will be used by
Hinterland to advance its exploration projects in Canada.
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 addition to the investor
e-mail list to receive all future press releases and updates in real time.
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: