TORONTO, Aug. 14 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining
exploration and development company, announces that it intends to conduct a
non-brokered private placement financing for gross proceeds of up to
The private placement will consist of up to 3,333,333 units issued at a
price of $0.15 per unit. Each unit will consist of one common share and
one-half of one common share purchase warrant, with each whole warrant
exercisable at a price of $0.20 per share for 12 months.
The proceeds from the offering will be used to fund expenditures on
Win-Eldrich's properties and for general working capital purposes.
The private placement is anticipated to close in August 2009.
The securities issued pursuant to the foregoing will be subject to a four
month hold period from the date of issue.
NEITHER THE 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: Perry Muller, President, Win-Eldrich Mines
Limited, at (402) 435-7206