MONTREAL, QUEBEC -- (Marketwire) -- 12/23/10 -- Matamec Explorations Inc. ('Matamec' or the 'Company') (TSX VENTURE: MAT) announces the completion of a private placement of units and flow-through shares for gross proceeds of $1,150,000 with various purchasers among which figured various Quebec institutional funds. In total, the Company issued 2,850,000 units at a price of $0.40 per unit and 20,000 flow-through
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