TORONTO, June 26 /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 400,000 units
issued at a price of $1.00 per unit. Each unit will consist of one common
share and one common share purchase warrant exercisable at a price of $1.00
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 July 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