TORONTO, Sept. 11 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a
mining exploration and development company, is pleased to announce the closing
of a non-brokered private placement financing for gross proceeds of
Under the offering, Win-Eldrich issued 3,333,334 units at a price of
$0.15 per unit. Each unit consists of one common share and one-half of one
common share purchase warrant. Each whole warrant will entitle the holder to
acquire an additional common share at a price of $0.20 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 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