TORONTO, April 20 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is pleased to
announce that it has closed a non-brokered private placement (the "Offering")
for gross proceeds of $989,000 through the sale of 4,945,000 units (the
"Units") at a price of $0.20 per Unit. Each Unit consists of one common share
of Hinterland and one share purchase warrant (the "Warrant"). Each Warrant
entitles the holder thereof to purchase one common share of Hinterland at a
price of $0.30 per share if exercised on or before April 19, 2008 and for an
additional 12 months thereafter at a price of $0.40 per share.
The Units are being offered pursuant to exemptions from the prospectus
and registration requirements of applicable securities laws, subject to the
receipt of necessary regulatory approvals. No offering memorandum or other
offering document has been furnished to subscribers of the Units. All
securities issued pursuant to the Offering are subject to a four-month hold
period ending August 20, 2007.
Finder's Fees totaling $79,120 cash were paid and 494,500
non-transferable warrants were issued in connection with the Offering. Each
warrant entitles the holder thereof to acquire one common share of Hinterland
at a price of $0.30 per share on or before April 19, 2008. The proceeds from
the Offering will be used by Hinterland to advance its exploration projects in
Canada and for general working capital.
Investors are invited to visit the Hinterland IR Hub at
www.agoracom.com/IR/Hinterland where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence
to HMI@agoracom.com where they can also request addition to the investor
e-mail list to receive all future press releases and updates in real time.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. This release contains forward-looking
statements reflecting the Company's objectives, estimates and
expectations for its projects. These statements are identified by the use
of verbs such as "estimate", "believe", "anticipate", "intend", "expect",
"plan", "may", "should", "will", and the negative thereof or other
variations thereon or comparable terminology. By their very nature, these
types of statements involve risk and uncertainty. Consequently, results
could differ materially from the Company's projections or expectations.
For further information:
For further information: Mark Fekete, President at Toll Free
1-877-874-8182, E-mail: firstname.lastname@example.org, Website: