Medallion Announces $300,000 Private Placement Financing
TSX.V: MDL
Medallion Resources Ltd. focuses on exploration for rare-earth elements (REE's), lithium and other metals required by the new energy-saving technologies. Increasing interest in energy conservation and environmental protection are fuelling intense interest in REE's and lithium. Medallion is well positioned to take part in the exploration for, and potential development breakthroughs of these commodities as understanding, demand and public-awareness increase.
ON BEHALF OF THE BOARD OF DIRECTORS "William H Bird", PhD, PGeo, President & CEO
Company Management, takes full responsibility for content, prepared this news release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future exploration and financing plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. Such risks include expectations that may be raised by discussing potential acquisitions. Also, in order to proceed with the Company's exploration plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans.
For further information: check Medallion's web site www.medallionresources.com, call (888) 827-6611 or e-mail [email protected]
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