TORONTO, April 25 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a
mining exploration and development company, announces that it intends to
conduct a non-brokered private placement financing for gross proceeds of up to
The private placement will consist of up to approximately 527,000 units
issued at a price of $1.90 per unit. Each unit will consist of one common
share and one-half of one common share purchase warrant. Each whole warrant
will entitle the holder to acquire an additional common share for 12 months at
a price of $2.00.
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 May 2007.
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: Fernao Ferreira, Director, at (416) 367-8275;
Peter Winn at (970) 242-7108