Sacre-Coeur Minerals Closes $240,000 Second Tranche of Private Placement
SACRE-COEUR MINERALS, LTD. (the 'Company?) is pleased to announce
the closing of the second tranche of its previously announced
non-brokered private placement. Gross proceeds of CAD $240,000 were
raised in the second tranche. Together with the previously closed first
tranche, the Company has raised aggregate gross proceeds in this private
placement of CAD$1,440,000.
Under the terms of the private placement, the Company has issued 800,000
Shares (the 'Shares?) in the second tranche at CAD $0.30 per Share. A
total of 4,800,000 Shares have now been issued in aggregate in this
private placement.
The Company paid cash finders′ fees, for the second tranche, of CAD
$11,970, representing 5% of the aggregate proceeds of such tranche. The
Shares issued in the second tranche are subject to a 4-month hold period
expiring January 22, 2012.
Proceeds from the private placement will be utilized to explore the
Company′s gold properties located in Guyana and for working capital.
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, President and CEO
Email:
greg@scminerals.com
Phone:
604-899-0100
Fax: 604-899-0200
or
Don Mosher-B&D Capital,
Corporate Consultant
Email: don@scminerals.com
Phone:
604-899-0100
Mobile: 604-617-5448
Fax: 604-899-0200