EXMIN Arranges Private Placement for Up to CAD$1,050,000
01 Ottobre 2008 - 10:40PM
Marketwired Canada
EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce the
arrangement of a non-brokered private placement equity financing for up to
CAD$1,050,000. The private placement consists of up to 15 million units at a
price of CAD$0.07 per unit. Each unit consists of one common share and one full
share purchase warrant. Each warrant will entitle the holder to purchase one
common share at CAD$0.10 for a period of two years. The private placement is
subject regulatory approvals.
Proceeds from the private placement will be used to continue to advance its high
priority, 100% owned projects and for general working capital.
EXMIN owns a direct 30% interest in the gold and silver producing Moris Mine.
EXMIN also currently has four, active, earn-in joint venture agreements on its
projects and continues to seek capable partners to assist in the advancement of
certain of its additional projects.
About EXMIN
EXMIN Resources Inc. (EXMIN) is currently focused on the exploration and
development of precious and base metal properties of exceptional merit in the
Sierra Madre gold belt of Northwestern Mexico as well as in other highly
mineralized areas of Mexico.
Note: EXMIN Resources Inc. (EXMIN) has taken all reasonable care in producing
and publishing information contained in this news release. Material in this news
release may still contain technical inaccuracies, omissions or typographical
errors, for which EXMIN assumes no responsibility. This news release may include
certain "forward-looking statements" including but not limited to comments
regarding predictions and projections. All statements, other than statements of
historical fact, included in this news release, including, without limitation,
statements regarding potential mineralization, exploration results, and future
plans and objectives of EXMIN, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such statements
will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations
are disclosed in documents filed from time to time with the regulatory
authorities.