St. Elias Mines Ltd. - $500,000 Private Placement
Vancouver, B.C. November 11, 2013 St. Elias Mines Ltd. (SLI-TSX-V) (the "Company") announces that the Company is attempting to close the non-brokered private placement as announced in the Company's news release dated September 11, 2013 by the end of November, 2013. Interested purchasers can contact Lori McClenahan or Cathy Forhane for subscription documents.
The private placement consists of 10,000,000 units at a price of $0.05 per unit, for total proceeds of $500,000. Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at a price of $0.10 for a period of 24 months following closing. The proceeds of the private placement will be used for working capital. A finder's fee of 10% of the gross proceeds is payable in cash, units or a combination thereof.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call
1-888-895-5522 (toll free US and Canada) or contact:
ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan,
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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