Sacre-Coeur Minerals Closes $1.2 Million First Tranche of Private Placement
SACRE-COEUR MINERALS, LTD. (the 'Company?) is pleased to announce
the closing of the first tranche of a non-brokered private placement
which has raised gross proceeds of CAD $1,200,000. Under the terms of
the private placement, the Company has issued 4,000,000 Shares (the
'Shares?) at CAD $0.30 per Share to a single investor.
The Shares are subject to a 4-month hold period expiring December 31,
2011. No commissions or finders′ fees were payable in connection with
the private placement.
It is anticipated that a second tranche of the private placement,
filling the 20% overallotment available to the Company of 800,000
Shares, will close by mid-September 2011.
About Sacre-Coeur
The Company is engaged in the acquisition, exploration and development
of properties for the potential mining of gold, metals and diamonds in
South America, initially focussing on exploration for gold on its
properties in Guyana. The Company presently has an interest in
approximately 1000 sq. km of mineral properties in Guyana, including the
Million Mountain Property. The Company has offices in Vancouver, Canada
and Georgetown, Guyana. More information about the Company is available
at www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR
MINERALS, LTD.
'Gregory B. Sparks?
Gregory B.
Sparks, P. Eng.
President & CEO
Neither 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. The
statements made in this press release may contain certain
forward-looking statements that involve a number of risks and
uncertainties. Actual events or results may differ from the Company′s
expectations.
Sacre-Coeur Minerals, Ltd.
Gregory Sparks, 604-899-0100
President
and CEO
Fax: 604-899-0200
greg@scminerals.com
or
B&D
Capital
Don Mosher, 604-899-0100
Corporate Consultant
Mobile:
604-617-5448
Fax: 604-899-0200
don@scminerals.com