Windarra Minerals Limited: Announces Private Placement
16.04.2013 | vom Unternehmen
VANCOUVER, April 16, 2013: Windarra Minerals Ltd. (the “Company”) (TSX.V:WRA) has arranged, subject to acceptance of the TSX Venture Exchange (the "Exchange"), a non-brokered private placement (the “Offering”) of up to 1,300,000 units (the “Units”) to raise up to $65,000 in gross proceeds. The Offering will consist of the issuance of up to 300,000 flow-through units at a price of $0.05 per unit to raise gross proceeds of $15,000 and up to 1,000,000 non-flow-through units at a price of $0.05 per unit to raise gross proceeds of $ 50,000. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the Company for a period of 24 m onths at a price of $0.10.Net proceeds from the Offering will be used to finance further exploration on the Company’s properties in Ontario and Saskatchewan, and for general working capital.
On Behalf of the Board, Windarra Minerals Ltd.
“John Pallot”
John Pallot, President, Director
For further information, please contact:
Windarra Minerals Ltd.
John Pallot, President
300–1055 West Hastings Street, Vancouver, BC, V6E2E9
Tel: (604) 688-1508, Fax: (604) 629-7971
Email: info@windarra.com
Website: www.windarra.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the 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 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The foregoing arrangements are subject to regulatory acceptance.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES