TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF
VANCOUVER, Jan. 22, 2013 /CNW/ - Tumi Resources Limited (the "Company") (TSXV: TM) (OTCPK: TUMIF) (Frankfurt: TUY). The Company is pleased to announce that further to the Company's news release of January 9, 2013, the Company has closed the private placement financing and has raised $625,000 through the issuance of 12,500,000 units at $0.05 per unit (the "Units"). Each Unit consists of one common share and one common share purchase warrant (the "Warrants"). Each Warrant entitles holders to purchase one common share of the Company at a price of $0.10 per common share for a period of three years.
The hold period for all securities issued under this private placement will expire by May 23, 2013.
The funds raised will be used to fund further work on the Company's projects in Sweden and Mexico, and for general working capital purposes.
On behalf of the Board,
David Henstridge, President & CEO
Forward Looking Statements This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Tumi Resources Limited
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