/NOT FOR RELEASE OR DISTRIBUTION IN THE USA./
TSX Venture Exchange: PMV
Issued & Outstanding: 63,841,456
Fully Diluted: 87,027,856
VANCOUVER, June 28 /CNW/ - PMI Gold Corporation (TSX.V:PMV) - Douglas
MacQuarrie, President, announces a non-brokered private placement to exempt
investors of up to 3,600,000 units at a price of $0.28 per unit to raise up to
Each unit consists of one share and one share purchase warrant at a price
of $0.375 if exercised within the first year and at a price of $0.45 if
exercised in the second year. A finders fee of 7.5% in cash and 5% Brokers
warrants is payable.
Funds raised from this private placement will be used for exploration on
the Company's Ghana gold projects and for general working capital.
On behalf of the Board,
"Douglas R. MacQuarrie"
Douglas R. MacQuarrie
President & CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to
be materially different from the results, performance or expectations implied
by these forward-looking statements.
For further information:
For further information: Douglas R. MacQuarrie, President & CEO,
Telephone: (604) 682-8089, Toll-Free: 1-888-682-8089, Facsimile: (604)
682-8094; European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814,
e-mail: email@example.com; or John Mullen: Tel: 41-522-428795, e-mail: John
Mullen@bluewin.ch Or visit the PMI Gold Corporation website at
www.pmigoldcorp.com (in German: http://pmi.goldseiten.de)