MONTREAL, Dec. 21 /CNW Telbec/ - Campbell Resources Inc. (TSX: CCH,
OTC Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it has
completed a non-brokered flow-through private placement (the "Private
Placement") of 3,300,000 flow-through common shares priced at $0.16 per
flow-through common share, for total proceeds of $528,000.
All securities issued pursuant to the Private Placement are subject to a
four month hold period. The Private Placement is subject to the final approval
by the Toronto Stock Exchange.
The proceeds of the private placement will be used to fund further
development of Campbell's operations in Chibougamau (Québec).
Campbell is a mining company focusing mainly in the Chibougamau region of
Québec, holding interests in gold and gold-copper exploration and mining
Certain information contained in this release contains "Forward-Looking
Statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and is subject to certain risks 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, 2006. 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 price which affect the
profitability and mineral reserves and resources of Campbell. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. Campbell undertakes no obligation to
release publicly any revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect unanticipated
events or developments.
For further information:
For further information: Campbell Resources Inc.: André Fortier,
President and Chief Executive Officer, (514) 875-9037, Fax: (514) 875-9764,
email@example.com; Renmark Financial Communications Inc.: Henri
Perron, firstname.lastname@example.org; Julien Ouimet,
email@example.com; (514) 939-3989, Fax: (514) 939-3717,