TORONTO, Aug. 19 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining
exploration and development company, announces that it has amended the terms
of the non-brokered private placement of units previously announced on
June 26, 2008. The amended private placement will consist of up to 500,000
units issued at a price of $0.75 per unit. Each unit will consist of one
common share and one common share purchase warrant exercisable at a price of
$0.75 per share for 24 months.
The proceeds from the offering will be used to fund expenditures on
Win-Eldrich's properties and for general working capital purposes.
The private placement is anticipated to close in September 2008.
The securities issued pursuant to the foregoing will be subject to a four
month hold period from the date of issue.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Perry Muller, President, Win-Eldrich Mines
Limited at (402) 435-7206