MONTREAL, June 17 /CNW Telbec/ - Campbell Resources Inc. (TSX: CCH, OTC
Bulletin Board: CBLRF) ("Campbell") is pleased to announce that a group of
investors has purchased 2,083,333 flow-through common shares of Campbell at
$0.12 each for total proceeds of $250,000. This is the final tranche of a
previously announced non-brokered private placement. With this final tranche,
$3.54 million has been raised, which is higher than the previously-announced
total of $3.5 million.
A cash commission of 6% of the proceeds was paid to an agent.
All securities issued pursuant to the private placement are subject to a
four-month hold period. The private placement is subject to final approval by
the Toronto Stock Exchange.
Campbell intends to use the proceeds of the financing to continue its
exploration program at the Corner Bay property and other properties it owns in
the Chibougamau area.
About Campbell Resources Inc.
Campbell concentrates on the development and exploitation of copper and
gold mining properties in the Chibougamau region of Quebec. The geographical
grouping of its operations allows Campbell to realize economies of scale and
to focus development within access to existing infrastructures. Campbell's
main operations include the Copper Rand and Merrill mines, the Corner Bay
project and the Copper Rand mill. Campbell's headquarters are located in
Certain information contained in this release may contain
"Forward-Looking Statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 and is subject to certain risks, assumptions and
uncertainties, including those "Risk Factors" set forth in the Campbell's
current Annual Report on Form 20-F for the year ended December 31, 2007, which
may cause actual future results to differ materially from those expressed or
implied in any forward-looking statement. Such factors include, but are not
limited to: differences between estimated and actual mineral reserves and
resources; changes to exploration, development and mining plans due to prudent
reaction of management to ongoing exploration results, engineering and
financial concerns; and fluctuations in the gold and copper prices which
affect the profitability and mineral reserves and resources of Campbell. The
key assumptions underlying the forward-looking statements contained in this
release are that the gold and copper prices remain equal to or above the
prices disclosed herein. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date hereof.
Forward-looking statements are expressly qualified in their entirety by this
For further information:
For further information: Campbell Resources Inc.: André Fortier,
President and Chief Executive Officer, (514) 875-9037, Fax: (514) 875-9764,
firstname.lastname@example.org; Renmark Financial Communications Inc.: Henri
Perron, email@example.com; Eric St-Pierre,
firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,