/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
VANCOUVER, June 25, 2014 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) (the "Company") announces that it intends to complete a
non-brokered private placement (the "Private Placement") of up to
5,000,000 units (the "Units") at a price of CDN$0.05 per Unit for gross
proceeds to the Company of up to CDN$250,000. Each Unit will consist of
one common share and one common share purchase warrant. Each warrant
will entitle the holder to acquire for a period of three years one
additional common share of the Company at a price of CDN$0.10.
The net proceeds of the Private Placement will be used for continuing
work on its Machado Project in Colombia and for general corporate
purposes. In connection with the Private Placement, the Company may pay
finders' fees to certain arm's length finders in an amount equal to 5%
of the proceeds from the sale of the Units.
The common shares and warrants comprising the Units will be subject to a
four-month hold period in accordance with the policies of the TSX
Venture Exchange and applicable securities legislation. The Private
Placement remains subject to the approval of the TSX Venture Exchange.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company with
mineral interests in properties in Brazil, Colombia and Canada. Cosigo
has assembled a strong team, well experienced in the exploration and
mining-finance industries. The Company's main focus is in the Taraira
Gold Belt, which straddles the border between northwestern Brazil and
southeastern Colombia. In Brazil, geological mapping has identified
more than 250 km2 of prospective geology and sampling has identified gold-bearing strata
over long strike-lengths in several locations. Cosigo's ongoing work in
the Taraira Gold Belt is the first modern exploration program in an
area known to have hosted more than 100 historic gold mining
On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/ "Dennis Milburn"
President & CEO
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 of this news release.
SOURCE: Cosigo Resources Ltd.
For further information:
Suite 1500, PO Box 1078
885 West Georgia Street
Vancouver, B.C. Canada V6C 3E8
Phone: 877-866-8688 (N. America)