PMI Gold announces private placement to raise minimum of $3 million for Ghana
gold projects
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE
TSX Venture Exchange: PMV
US PMVGF.PK
Frankfurt/Berlin: AOJMW7
Issued & Outstanding: 197,340,954
Proceeds from the private placement will be used for general working capital; to expedite the QC drilling program currently underway on our Obotan Gold project; to complete a maiden NI 43-101 resource estimate on our Obotan gold deposits; to complete follow up drilling on the new 513 Zone gold discovery and its extensions at our Kubi Gold project; and to commence an application for a prospectus offering in
The Australian Securities Exchange (ASX) is currently one of the best performing, natural resource based, stock exchanges in the World. Initial indications are that PMI Gold will receive considerable interest from Australian investors who are quite familiar with
Based on investor demand at the time of the Australian offering, the Company may also complete a full prospectus to raise up to
The private placement is subject to receipt of necessary stock exchange approvals.
On behalf of the Board,
"Douglas R. MacQuarrie"
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 or accuracy of this release.
This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. We Seek Safe Harbour.
%SEDAR: 00005434E
For further information: For further information: Douglas MacQuarrie, President & CEO, Telephone: (604) 682-8089, Toll-Free: (888) 682-8089, Facsimile: (604) 682-8094; or for European Investors: Florian Riedl-Riedenstein: Tel: 43-2774-28814, e-mail: [email protected]; Or visit the PMI Gold Corporation website at www.pmigoldcorp.com
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