MCK Manson Creek Resources Ltd

Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK) announces that it
has completed a non-brokered private placement for 1,400,000 Common Units at a
price of $0.05 per Common Unit and 600,000 Flow Through Units at a price of
$0.06 per Flow Through Unit for gross proceeds of $106,000. 


The funds raised will finance fieldwork on the Company's two exploration
projects, the Tell project in the Yukon and the Up Town Gold project in the
Northwest Territories, moving them forward in a methodical and measured manner,
as well as for working capital.


Work is set to commence on the Up Town Gold project located in the Northwest
Territories with Phase one exploration work focusing on numerous historical gold
bearing zones and the relatively undocumented alteration halos that surround
them. The project was last examined in the 1960's with no focused geological
work being conducted in the last five decades. Manson Creek geological personnel
will map and prospect in and around the historical mineralized zones. Following
the mapping, extensive channel sampling will be conducted over the mapped
mineralized zones as the first step in defining the mineralization present. 


In early June, an Induced Polarization (IP) geophysical survey is planned to
cover the southern portion of the Tell claim block located adjacent to the
Rackla Gold belt in the Yukon. The IP Survey will cover the area that in 2011
saw the discovery of six new natural spring gossans along strike and near to the
original Tell showing. The geophysical survey will assist in the targeting of
drill targets on the property. The drill program for the Tell property has been
deferred until later in the summer or early fall, subject to the Company's
ability to raise additional funds. 


Financing Details

Each Common Unit consists of one common share and one common share purchase
warrant. Each Flow Through Unit consists of one common Flow Through share and
one-half of one common share purchase warrant. Each whole common share purchase
warrant entitles the holder to purchase one common share at a price of $0.10 per
share until May 17, 2014. The Common Units and Flow Through Units were offered
on a non-brokered basis by way of private placement to accredited investors and
the securities issued are subject to a hold period until September 18, 2012.
Finder's fees totalling $6,360 (6% of eligible gross proceeds) were paid to
eligible agents pursuant to the offering. 


Regan Chernish, P. Geol., President and Director

Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Manson Creek's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Manson Creek. The
projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Manson Creek's actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in Manson Creek's
filings with the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or circumstances
could cause results to differ materially from those predicted. Manson Creek
disclaims any responsibility to update these forward-looking statements.

Grafico Azioni Manson Creek Resources Ltd. (TSXV:MCK)
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Da Mag 2024 a Giu 2024

Grafico Azioni Manson Creek Resources Ltd. (TSXV:MCK)
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Da Giu 2023 a Giu 2024