Viscount Mining Corp. Announces Proposed Private Placement
12.08.2013 | Newsfile
Vancouver, British Columbia -- (Newsfile Corp. - August 12, 2013) - Viscount Mining Corp. (TSXV: VML) ("Viscount" or "the Company"), today released an announcement concerning a proposed private placement.Private Placement
Viscount announces a private placement of up to 20,000,000 shares of the Company at a price of $.20 per share for proceeds of up to $4,000,000.
The proceeds of the private placement will be used to continue exploration of the Company's Cherry Creek Property located in Nevada and for general working capital purposes. The terms of the private placement are subject to approval by the TSX Venture Exchange.
Viscount's President & CEO, Mr. Jim MacKenzie, comments, "This announcement today is a very positive step in the development of our business. The funding would greatly expedite our development plans for our Nevada holdings. We will now have the ability to accelerate our field program and to build on the momentum already underway."
About Viscount Mining (TSXV: VML)
Viscount Mining is a development company with a portfolio of exploration properties in Nevada comprising of 2,700 acres (the majority of the claims are patented claims), all 100% owned including more than 20 past producing silver and gold mines. For additional information please visit the company's website at www.viscountmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director, Viscount Mining Corp.
For further information, please contact:
Viscount Investor Relations
Email: info@viscountmining.com
Phone: 604-960-0535
Neither 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.
Certain of the statements made and information contained herein may constitute "forward-looking information". In particular references to future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.