/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE
VANCOUVER, Aug. 25 /CNW/ - Pebble Creek Mining Ltd. (the "Company")
announces that its non-brokered private placement ("Private Placement") of
units ("Units"), as previously announced on June 30, 2009, has been amended so
that each Unit will now consist of one common share of the Company and one
common share purchase warrant ("Warrant").
All other terms of the Private Placement, including the price per Unit of
$0.07 and the Warrant terms, comprising an exercise price of $0.15 per share
over a term of two years, remain unchanged.
In connection with the Private Placement, the Company may pay to certain
finders a finder's fee equal to up to 8% of the gross subscription proceeds,
payable either in cash or common shares of the Company. In respect of finders
that are registered brokers or dealers, the Company may pay a finder's fee in
cash equal to up to 8% of the gross subscription proceeds and issue
non-transferable finder's warrants equal to up to 8% of the total number of
Units sold, with each finder's warrant entitling the holder to purchase one
common share of the Company at a price of $0.15 for a term of two years.
The Private Placement and payment of the finder's fees are subject to the
TSX Venture Exchange's approval.
The securities described herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended ("1933 Act") or any state
securities laws, and may not be offered or sold in the United States unless
registered under the 1933 Act or unless an exemption from registration is
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Andrew Nevin, President & CEO, Telephone: (604)
696-6101; Mike Romanik, Investor Relations, Verenex Capital Corp., Telephone: