TORONTO, June 7 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining
exploration and development company, is pleased to announce the closing of a
non-brokered private placement financing for gross proceeds of CDN$1,001,300.
Under the offering, the Company issued 527,000 units at a price of $1.90
per unit. Each unit consists 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 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.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any securities in the United States.
The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended, or any state securities laws and
may not be offered or sold in the United States or to U.S. persons absent
registration or an exemption from registration.
For further information:
For further information: Fernao Ferreira, Director, at (416) 367-8275;
Peter Winn at (970) 242-7108